Mumbai: Market benchmark BSE Sensex rallied over 269 points to hit its intra-day peak of 40,434.83 in early trade on Monday led by gains in ICICI Bank, RIL, ITC, TCS and HDFC Bank amid positive global cues and unabated foreign fund inflow. Similarly, the broader NSE Nifty advanced 75.85 points to 11,966.45, inching closer to […]
Mumbai: Sensex and Nifty opened higher on Tuesday over firm global cues and slightly better than expected earning results so far. Meanwhile, Yes Bank shares jumped nearly 5 per cent after marquee investor Rakesh Jhunjhunwala picked up nearly 1.3 core shares of the private bank. Sensex opened at 40,445.67, from its Monday’s close of 40,301.96 […]
New Delhi: The model framework for the guidelines on e-commerce consumer protection will cause unnecessary compliance burden on e-commerce entities, and hence will negatively impact ease of doing business in India, industry body Internet and Mobile Association of India (IAMAI) said on Tuesday. India jumped 14 ranks to 63rd position in the World Bank’s “Doing […]
Kolkata: ICICI Bank will open a total of 450 branches across the country in 2019-20 to expand its footprint and 14 of those new branches would be in West Bengal. With 385 new branches opened so far this fiscal, ICICI Bank now has a wide retail network of nearly 5260 branches across the country, the […]
New Delhi: India added over 1,300 start-ups, including 7 unicorns in 2019, making the country the third biggest start-up ecosystem in the world behind China and the US, according to a new report from industry body National Association of Software and Services Companies (Nasscom). The total funding received by start-ups in 2019 stood at $4.4 […]
New Delhi: Even as the investment in world energy market is fast switching towards electric and renewables, India is set to further strengthen its carbon footprint with an investment of over $100 billion over the next five years till 2024. Petroleum Minister Dharmendra Pradhan, however, said that 60 per cent of this investment or $60 […]
Mumbai: Market benchmark BSE Sensex jumped over 200 points to hit its lifetime high of 40,676 in early session on Thursday led by gains in index heavyweights HDFC, ITC and RIL, as positive domestic cues boosted investor sentiment. The 30-share index was trading 202.93 points, or 0.50 per cent, higher at 40,672.71. Similarly, the broader […]
Mumbai: Equity benchmark Sensex declined 202 points on Friday, tracking losses in ICICI Bank, Infosys and HUL amid persistent concerns over the economic impact of the second wave of COVID-19…
New Delhi: The government is mulling a special window for resolution of stressed non-banking finance companies under the Insolvency and Bankruptcy Code, a senior government official said. A special window, is certainly something which is being examined closely, the official said. The move also comes against the backdrop of financial sector players like Dewan Housing […]
Mumbai: Despite weakness in the Indian economy, the equity markets continued to hit record levels in expectation of a revival. Nifty Realty index jumped by 0.88 per cent after Finance Minister Nirmala Sithraman, announced a Rs 25,000 crore fund relief fund for distressed homebuyers. The benchmark Sensex closed at record level while the Nifty closed […]
Mumbai: Qatar Airways currently has no plans to participate in Air India’s upcoming divestment process, however, the Doha-based airline evinced interest in buying a stake in budget passenger carrier IndiGo. According to Qatar Airways Group Chief Executive Akbar Al Baker, the Doha-based airline is interested in investing in IndiGo, but will wait till the time […]
New Delhi: In a blow to India, Moody’s Investors Service has cut the country’s credit rating outlook to negative – the first step towards a downgrade, saying the government has been partly ineffective in addressing economic weakness, leading to rising risks that growth will remain lower. While foreign currency rating was retained at Baa2 – […]
Mumbai: Market benchmark BSE Sensex dropped over 100 points and the NSE Nifty slipped below the 12,000 mark on Friday after Moody’s Investors Service lowered India’s credit rating outlook citing concerns over the country’s economic growth. The rupee also depreciated 30 paise against the US dollar to trade at 71.27 in early session. The 30-share […]
Mumbai: Come January 2020, and customers may not have to pay any charges for transactions done through the popular NEFT system. A proposal in this regard has been mooted by the RBI to give impetus to digital transactions on the third anniversary of demonetisation. The central bank has also proposed that FASTags would be enabled […]
Mumbai: Lending major State Bank of India has reduced its MCLR (Marginal Cost of Funds based Lending Rate) by 5 basis points across all tenors. The one year MCLR has come down to 8 per cent per annum from 8.05 per cent per annum with effect from November 10, 2019. This is the seventh consecutive […]
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