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“For a two- to-three year period, the BFSI sector is in a very good spot. So some bit of credit cost as we go on would come back in the system but maybe this is one sector which has a potential to grow because we have really not grown the last three-four years and maybe the credit growth can go up to around 16-17 odd percent.”

“With APSEZ set to commission two new terminals in the coming months, this growth story will gain more momentum. The container terminal at Gangavaram Port will become operational next month, while the 5 MMT LNG terminal at Dhamra will be ready by December end. This LNG terminal has a take-or-pay

In the current situation where we stand today for goals upwards of five years, you should have at least 60% equity, 40% in debt. Real estate as an investment, to my mind, should be zero. Gold, currently, I will still keep it at zero okay, so equity and debt with this mixture of 60 and 40 you can get an expected return of double digits. If you are having a 10-year plus objective, you can look at 80 in equity and 20 in debt.

Flows in retail mutual fund schemes remained positive for the 17th consecutive month since March 2021, with net flows in the positive territory at Rs 3,847 crore as of July 31, 2022, according to the latest AMFI report. Funds mobilised under retail schemes stood at Rs 32,439 crore, outweighing redemptions which stood at Rs 28,592 crore during the month.

“This has been another solid quarter. We continue to deliver strong and sustained growth at 4.5% sequentially. EBITDA margins are now at 50.6%,” Gopal Vittal, MD and CEO, said in a statement Monday.He added that Airtel’s strategy of winning with quality customers continues to yield good results with an industry beating ARPU at Rs 183.

Private lenders IDFC First Bank and Yes Bank and state-owned Indian Bank have put their loans to SpiceJet Ltd in the high-risk category, in the latest setback for the airline, people with knowledge of the matter said.

“We have positioned ourselves in banks, capital goods, chemicals and auto sectors. We want to invest into quality names across market caps – be it largecaps or midcaps and if you look at the long-term track record, these are the stocks and sectors which have leadership skills.”

The Nifty Auto index closed 0.97 per cent up at 12927.95.

Titan Company on Friday reported a 13-fold jump in year-on-year (YoY) net profit at Rs 793 crore in the June quarter compared with Rs 61 crore profit in the same quarter last year.