Tag Archive for price

HDFC Bank’s Treasury Research Team’s Report on RBI Policy Watch: The Long and Winding Price Road

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. Abheek Barua, Chief Economist, HDFC Bank

Today’s policy decision suggests that the RBI seems to be taking a long term view on inflation rather than remaining purely data dependent. The discussion on the possible increase in inflation early next year (Estimate of Q1 2019-20 to 5%) as well the assertion that policy rate changes impact the real economy with a lag (with a shorter lag in transmitting to lending rates) corroborates this.

  • Also, RBI’s statements on increasing external risks and discussions on currency contagion (currency war) in the press conference, confirms our belief that the RBI is not in favour of excess depreciation and seems to want to hold on to a certain exchange rate level. A rate hike is a textbook method of defending a currency.
  • Given the upside risks to inflation, discussed extensively, another policy rate hike cannot be ruled out. However, if there is an escalation in trade war risks and a resultant global output compression then the RBI could be prompted to stay on a prolonged pause.
  • The RBI committed that liquidity conditions would be maintained close to the neutral level. This means the supply side pressures in the second half of this year could be offset by OMOs but it is unlikely that we will have any liquidity surplus. We expect OMO purchases to the tune of INR 800bn in 2018-19, including INR 300bn done so far.
  • The bond market seems to have reacted in a positive way to the rate hike (decline in 10 year yield by 6bps). This we believe is in response to the RBI’s commitment to keep the liquidity situation neutral instead of allowing the system to move into a large deficit.
  • We believe, that another rate hike is still on the table and as a result bond yields could continue to go up (after today’s relief rally). In this regard, it’s important to watch out for the inflation readings in September and October (which could be reflective of the impact of higher MSPs). Even without a major uptick in inflation, the sheer supply of government bonds (states and centre) could keep the yields elevated. Important to note, so far only 20% of the budgeted borrowings for centre and state governments has been done with majority of the supply expected to come in the second half of the year. Read more

Hyundai Announces Price Increase for Grand i10 Model Up to 3%

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Description: Description: cid:image011.jpg@01D27CB9.9EE69030

Hyundai Motor India Ltd. (HMIL), the country’s second largest car manufacturer and the number one car exporter since inception today announced a price increase up to 3% on GRAND i10 due to increase in input and material costs. The revised prices will be implemented from August 2018.

99 reasons to eat breakfast and the price is just one, only at Ciclo Café, Indranagar

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Omelette

Ciclo Café, Indiranagar introduces a fabulous breakfast offering at just Rs. 99 on weekends between 7.30 am to 10.30 am.

Plain Waffles and Pancakes, Eggs served with toast, hash brown and grilled tomato, Omelette, Fried eggs, Scrambled eggs, Anda Bhurji aur Pav, Batata Poha and Marathi Sabudana Wada promise to make your weekends special. Read more

Celebrating 25 years of the Monster Ducati announces the launch of Monster 797+ at the same price as the Monster 797

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

L -R Freddy Daruwala, Sergi Canovas, MD of Ducati India and Satyadeep Misra with Monster 821

In continuation with the celebration of 25 years of Monster, Ducati India announced the launch of Monster 797+ which is an upgraded version of the Monster 797. Customers can now buy the 797+ at the same price of INR 8.03 Lacs (Ex-Showroom India). The Monster 797+ features a distinctive look with essence of the Monster and Ducati values making it sporty, compact, and essential but at the same time sophisticated and modern. Read more

BANDHAN BANK LIMITED: Initial Public Offer of equity shares of face value Rs. 10 each (the “Equity Shares”) to open on March 15, 2018 and to close on March 19, 2018 Price Band: Rs. 370 to Rs. 375 per Equity Share

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. Vishal Kampani (JM Financial Ltd.), Mr. Sonjoy Chatterjee (Goldman Sachs (India) Securities Private Ltd.), Mr. Uday Kotak (Kotak Mahindra Bank), Mr. Chandra Shekhar Ghosh (Managing Director and Chief Executive Officer, Bandhan Bank Ltd), Mrs. Shikha Sharma (Axis Bank Ltd.), Mr. Sunil Samdani (Chief Financial Officer, Bandhan Bank Ltd) and Mr. Madhav Kalyan (J.P Morgan Chase Bank N.A., India) at the Bandhan Bank Limited IPO Press conference held in Mumbai today.

Bandhan Bank Limited (the “Company” or the “Issuer”) proposes to open on Thursday, March 15, 2018, an initial public offering of up to 119, 280,494 Equity Shares (the “Offer”), consisting of a Fresh Issue of up to 97,663,910 Equity Shares and an Offer For Sale of up to 14,050,780 Equity Shares by IFC and up to 7,565,804 Equity Shares by IFC FIG (collectively, the “Selling Shareholders” and such Equity Shares offered by the Selling Shareholders, the “Offered Shares”) (“Offer For Sale”). Read more

ICICI Securities to open on Thursday, 22 March; Price Band Rs. 519-520 Source BSE

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

ICICI Securities Ltd. IPO opens on 22nd March and to close on 26th March 2018.

Price Band fixed from Rs. 519 to Rs. 520 per Equity Share

Source: BSE

https://www.bseindia.com/xml-data/corpfiling/AttachLive/75152c36-6851-43f9-b1bb-cfe27b3f8546.pdf

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Galaxy Surfactants Limited: Initial Public Offer opens on Monday, January 29, 2018, Price Band: ₹ 1,470 to ₹ 1,480 per Equity Share

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By  Vivek K Mobile: 09920183006  Email:indianshowbusiness@gmail.com

Galaxy Surfactants Limited (the “Company”) proposes to open on Monday, January 29, 2018, an initial public offering of up to 6,331,674 Equity Shares of face value of ₹ 10 each (“Equity Shares”) for cash (the “Offer”). The Offer consists of an Offer for Sale of up to 39,250 Equity Shares by the Promoter Selling Shareholder; up to 2,107,804 Equity Shares by the Promoter Group Selling Shareholders and up to 4,184,620 Equity Shares by the Other Selling Shareholders. Read more