We expect the government to focus on infrastructure and increase the spending in that segment to bolster building of proper roads, power generation, and boost irrigation, JK Jain, Head of Equity Research at Karvy Stock Broking, said in an exclusive interview with Moneycontrols Kshitij Anand. ... Read More

SRG Housing Finance hit two 20 percent upper circuits last week and has posted good numbers this quarter. In an interview,Sunaina Nagar, GM-Finance of the company spoke about the latest happenings in her company and sector. Entire housing finance industry is doing very well. We are expecting the industry to grow more than double compared to last year, she said. Expect loan book to be at Rs 200 crore by FY18 end, she added. ... Read More

Strong earnings from Avenue Supermart had given wings to the entire retail sector. Talking about the business outlook for the company and sector Lalit Agarwal, CMD, V-Mart Retail said there is need for organised and good retail and the demand seems have improved post GST. The same store sales growth for the company in Q3 will be not too great but good because in the same quarter earlier year they had done well, said Agarwal and so they are not expecting any extraordinary growth. However, first two quarter had seen good growth, he added. He said the industry is facing stiff challenge from on ... Read More

Realty firm Gaurs group will invest Rs 150 crore in its education business as it plans to open two schools and one institution for higher studies in Uttar Pradesh. In 2014, the company had forayed into education sector and opened Gaurs International School in its township at Greater Noida (West) or Noida Extension with an investment of about Rs 80 crore. Gaurs now plans to open three educational institutes across NCR with a total investment of Rs 150 crore, a senior company official said. The two schools would come up at Siddharth Vihar in Ghaziabad and Yamuna Expressway in Greater Noida, w ... Read More

The Securities and Exchange Board of India (SEBI) is considering either directing stock exchanges to stop giving data feed services to entities trading on exchanges abroad or levy higher fees on the traders, according to a report in Mint. According to the report, two sources say these options are a way of preventing the Indian derivatives business from going offshore. SEBI did not respond to Mints request for a comment. BSE and National Stock Exchange (NSE) declined to comment. Another source told the newspaper that SEBI has asked exchanges for detailed reports on the manner in which they p ... Read More

Security and Intelligence Services (SIS) reported a mixed set of Q3 earnings.Rituraj Sinha, MD of the company discussed the results and his outlook for the company. Our profit after tax (PAT) margin has moved up from 1.6 percent to 3 percent over the last year, he said. We are seeing robust EBITDA margin correction, we have also reduced our interest cost significantly and that is what is playing out in this substantial jump in the PAT margin, he added. Speaking of India business, he said that, as regards to the development of India security business, we have reported a 40 percent growth in ... Read More