Budget 2020

Pick up IT & auto stocks if market falls 5-10%: Deepak Shenoy

I would avoid FMCG and a lot of the pharma pack but pick up IT and auto and auto ancillaries if they were to come down another 5% or 10%, says Deepak Shenoy, Founder, Capital Mind. How are you advising clients to play the volatility in the markets?To be fair, there is a small correction […]

Budget 2020

We are not looking at undercutting competition in credit card market: IDFC First Bank CEO

Instead of charging 40% interest on revolving credit, we would charge customers rates ranging between 9% and 36% on the basis of the their track record, credit score, relationship with us and internal scoring, says V Vaidyanathan, MD & CEO, IDFC First Bank. IDFC First Bank is charging 9% annual interest on revolving credit for […]