This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying.
More inventory (a theme in most of 2014) - and less investor buying - suggested price increases would slow sharply in 2014.buying Case faster housing increases inventory key market Shiller slow
Mumbai: Mumbai based public sector lender IDBI Bank has reported a net loss of Rs 853 crore against a profit of Rs 241.1 crore last year, amidst an almost 40% rise in provisions made against non performing assets The bank which was in the news lately because of being under the scanner of investigative agencies has shown almost 16% of its total assets being branded as non performing or the ones for which repayments are not happening on time. This has more than doubled from last year when it stood at 7.4%.In absolute terms, of the total advances made by the bank, for around Rs 29,579 crore repayments have not happened on time in the June quarter.The bank further reported a 17.8% fall in its net interest income for this year compared to last year.advances bank crore fall lakh MUMBAI net reported Rs The
Macy's (M) operating results continue to disappoint the market, alongside of other brick and mortar retail names.
We have often written about Macy's, advocating that the company could be a bargain at these levels due to the massive worth of its real estate portfolio.brick mortar estate levels Macy market position Retail Scenario stock worth
Last week’s announcement by Walt Disney Co. (NYSE: DIS) that it would end its distribution agreement with Netflix Inc. (NASDAQ: NFLX) for Disney- and Pixar-branded movies set the streaming video firm’s share price back about 5%. Amazon.com Inc. (NASDAQ: AMZN) announced a development deal last week with Robert Kirkman, the creative force behind AMC’s wildly popular “The Walking Dead” series.ABC creator Disney grey Inc NASDAQ Netflix Rhimes shows stock
Goldman Sachs is encouraging clients to invest in high-growth stocks, predicting that higher interest rates in 2018 will cause earnings expansion to slow, therefore placing a premium value on fast-growing companies. Kostin reiterated that Goldman expects the S&P 500 will end 2017 at 2,400, slightly below its current level.companies earnings expectations Goldman growth investors Kostin multiples slow stocks
Farmers and fear an additional loss in and production by 20 per cent from the infestation in the fields, thereby restricting arrivals and pushing up prices ahead of the new crop year which begins in late September.
According to farmers, the infestation has caught on to entire fields of and groundnut in several areas of and North where there have been heavy sowing.cent crop farmers floods Groundnut hectares infestation parts production sowing
Investors have piled a fresh record level of money into Exchange Traded Funds this year as the fashion for passive investing shows no sign of slowing.
Across the first seven months of 2017, investors routed $391 billion into ETF's, already beating last year's record annual inflow of $390 billion, according to ETFGI, a London-based consultancy.beating ETF ETFGI Exchange Fuhr funds investors money Record traded
Tesla's market-crushing performance this year will continue, according to one Wall Street firm.
The analyst reiterated his outperform rating and raised his price target for Tesla shares to $411 from $368, representing 15 percent upside from Friday's close.car Kallo market Model Musk reach rose shares Tesla vehicles
Tech giants like IBM and Capgemini could go on a mergers and acquisitions "shopping spree" for financial technology (fintech) start-ups next year, the chief of one such start-up has told CNBC.
Daniel Döderlein, CEO of Norwegian fintech startup Auka, said that tech behemoths that have shared a long-standing relationship with banks but still rely on older technology would begin to show an interest in a "flood" of new fintech firms.banks CNBC Döderlein fintech Shopping spree start tech told up
State-owned Coal India Ltd (CIL) today posted 23 per cent decline in consolidated profit at Rs 2,351.2 crore for the quarter ended June 30, 2017, due to higher expenses.The company had posted a consolidated profit of Rs 3,065.2 crore in the year-ago period, Coal India Ltd (CIL) said in a filing to BSE.However, CIL's consolidated income during April-June quarter was at Rs 21,774.4 crore, registering an increase of 4.5 per cent.The firm's consolidated expenses increased to Rs 17,836.7 crore in April-June this year, over Rs 16,197.8 crore in the year-ago period.The production of the country's largest coal miner was at 118.8 million tonnes (MT) in the first quarter of FY2017-18 against 125.6 MT in the same quarter of previous fiscal.The company's off take for the April-June quarter was at 137.4 MT, over 133.2MT in the same quarter of previous fiscal.On standalone basis, Coal India posted a profit of Rs 32.18 crore for April-June 2017 against that of Rs 3.6 crore in the year-ago period.However, standalone total income declined to Rs 187.8 crore over Rs 189 crore in the corresponding quarter of previous fiscal.April CIL coal consolidated India June posted quarter Rs crore The
JK Tyre & Industries on Monday reported standalone net loss of Rs 65.86 crore for the three months ended June 30, 2017 on back of increase in raw material costs, transition to new emission norms and new indirect tax regime.The company had posted net profit of Rs 100.85 crore in the year-ago period.Total income for the company in the period under review declined by 12.6% to Rs 1446.92 crore. Moreover, unabated imports of cheap Chinese radial tyres impacted both volumes as well as prices of Truck/Bus radials.”In addition, commercial vehicle manufacturers cut production, to de-stock inventories and transition to new emission norms, Singhania informed.Dealers in the replacement market also, were reluctant to off-take tyres before GST introduction.On a positive note, Singhania felt, that with the smoothening out of the GST roll out, the situation is likely to be somewhat better in the coming months.costs emission months net norms raw Rs crore Singhania transition tyre