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Top News In மக்வரீ பல்கலைக்கழகம் துறை ஆஃப் ஆரோக்கியம் அமைப்புகள் Today - Breaking & Trending Today

Market Movers: Consumer stocks get some attention as hotels rally on hope


Market Movers: Consumer stocks get some attention as hotels rally on hope
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From quick-service restaurants to jewellery makers, from biscuit makers to premium motorcycle producers, investors showered some love on the stocks of these companies.
The smile on the faces of consumer-facing companies came at the cost of frowns on the long faces of banks, who were painted in the red.
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MUMBAI: Consumer-facing companies are steadily becoming the flavor of the market as investors can sense the joy of being let out of their self-quarantined chambers and out in the world of consumerism. ....

Amara Raja , Finance Ministry , Who Moved My Market , Profit Booking , Hdfc Bank , அமரா ராஜா , நிதி அமைச்சகம் , ஹூ நகர்த்தப்பட்டது என் சந்தை , ப்ராஃபிட் பதிவு , எச்டிஎஃப்சி வங்கி ,

Macquarie Securities cops fine for market breaches


Macquarie Securities cops fine for market breaches
Macquarie Securities cops fine for market breaches
The banking giant’s broking arm has been slapped with a fine of over $100,000 for breaches of market integrity rules.
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Macquarie Securities has paid a fine of $126,000 over rules it broke while acting as the broker for a buy-back for an ASX-listed firm. 
The ASIC Market Disciplinary Panel (MDP) stated it has reasonable grounds to believe that Macquarie Securities contravened rule 3.3.1(b) of the ASIC Market Integrity Rules (Securities Markets) 2017 by entering into a market transaction that was not in accordance with the client’s instructions. ....

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Macquarie estimates upto $8 bln value for Citi's APac consumer business


Macquarie estimates upto $8 bln value for Citi s APac consumer business
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The Australian brokerage has pencilled in DBS Bank Ltd, Oriental and Commercial Bank of China (OCBC) and Standard Chartered (StanC) as the most likely cross-border buyers for a bouquet of assets across Asia
Citibank s share of consumer loans is only 1-3% in most markets.
Macquarie has estimated an aggregate value of $6.3 to $8 billion for Citibank s consumer business across ten of the 13 markets that the US base lender has put on sale in the Asia-Pacific region. The Indian business which is also part of the ten markets could fetch between $1.91 billion $2.15 billion, the brokerage said. ....

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Jack Ma: What's next for Jack Ma's Ant Group after China orders revamp?


Synopsis
Ant, valued at around $315 billion at its IPO pricing, is also exploring options for founder Ma to divest his stake and give up control, as meetings with regulators signalled the move could help draw a line under Beijing s scrutiny of its business.
Agencies
New regulation requires fintech platforms to own 30% of all the loans that they co-lend with banks.
China has imposed a sweeping restructuring plan on Jack Ma s Ant Group, the
fintech conglomerate whose record $37 billion IPO was derailed by regulators in November, that will see the group become a financial holdings company among other things.
Ant, valued at around $315 billion at its IPO pricing, is also exploring options for founder Ma to divest his stake and give up control, as meetings with regulators signalled the move could help draw a line under Beijing s scrutiny of its business, Reuters exclusively reported on Saturday. ....

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Local lenders lead race to buy parts of Citi's India business


Local lenders lead race to buy parts of Citi s India business
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Citibank s consumer banking business houses three relevant businesses namely, credit cards, wealth management and mortgages the bank may sell all these businesses separately as a portfolio sale, Macquarie analyst Suresh Ganapathy said in a report.
Agencies
Citibank has a 0.60% market share in terms of advances in India and a higher 4.30% share on credit cards.
India s large and medium size private sector banks like IDFC First, RBL Bank,
Kotak Mahindra Bank and IndusInd Bank could be among the suitors for the different businesses US based Citibank has put on the block, Macquarie Research said in a note. ....

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