SBI Card had initially launched the IPO for subscription during March 2-5 and garnered Rs 10,340 crore from investors
he S&P BSE Sensex was down 1,420 points, or 4.17 per cent, at 32,680 levels
The Reserve Bank has asked all banks to provide mobile banking, net banking option to enable limit and enable and disable service 24 hours a day, seven days a week
As per the government’s directives, all government organisations have to buy all office related equipment including stationery, IT Products, IT consumables from GeM portal.
The BSE Sensex also hit its 10 per cent lower circuit limit at 29,687.52 after falling 3,090.62 points, or 9.43 per cent
The BSE Sensex fell over 3,000 points to trade at below the 30,000 mark.
Circuit breakers were first approved by the U.S. Securities and Exchange Commission following the market crash that happened on October 19, 1987.
New Delhi: Bindu Rana Kapoor was a director in at least 42 companies, many of them investment companies, data accessed shows, some of whom have been named in the FIR registered by the CBI for receiving kickbacks to the tune of Rs 600 crore from DHFL as a builder loan.[Read More…]
The allotment status of the IPO, once declared, can be seen on their official website of Link Intime India- an integrated player in the IPO and corporate registry business
ONGC was the top Sensex loser, down over 9 per cent to Rs 65, followed by RIL, Tata Steel, SBI and Axis Bank
In a major move, country’s largest lender, State Bank of India has decided to waive maintenance of Average Monthly Balance (AMB) for all Savings Bank Accounts. This initiative will further boost the efforts to promote Financial Inclusion in the country. The charges on maintaining AMB are now waived off on[Read More…]
In view of adequate liquidity in the system, the SBI has realigned the interest rates on term deposits as of March 10, 2020.
New Delhi: Amidst concerns of stability and asset quality of RBL Bank, the private lender on Friday said that it has adequate capital and there has been no adverse change in the asset quality. Concerns have gained momentum after the Yes Bank failed and it has been put under moratorium.[Read More…]
Among the headline indices, the S&P BSE Sensex was trading flat around 35,640 levels while the broader Nifty50 index slipped 24 points, or 0.24 per cent, to 35,570 levels
Talking about the futures market, gold on MCX has reached Rs 44,712 per 10 grams. If the boom is similar, then the futures price of gold can go up to Rs 48,000 till Diwali, while the spot price can also touch Rs 50,000 per ten-gram level.
It does indicate towards Ambani’s flagship Reliance Industries Ltd. can cut net debt to zero by early 2021, as he has pledged
Nifty slips below 10,500 for first time since December 2018
Mumbai: Indian equity indices on Monday continued its bear run with the BSE Sensex plunging over 1,600 points. The plunge in the domestic indices can be attributed to a similar trend in global markets on persistent fears of the economic impact of the coronavirus epidemic. The Nifty50 on the National[Read More…]
Mumbai: Indian equity indices continued its bear run on Monday morning with the BSE Sensex falling 1,500 points. The Nifty50 on the National Stock also slumped over 400 points to trade below 10,600 points. At 10.05 a.m., the BSE Sensex was trading at 36,076.51, lower than 1,500.11 points or 3.99[Read More…]
Vadodara Smart City Development, a Special Purpose Vehicle (SPV) of the Vadodara Municipal Corporation (VMC), withdrew Rs 265 crorejust a day before the Reserve Bank of India (RBI) imposed a moratorium.
State Bank of India has expressed its willingness to make an investment in Yes Bank and participate in its reconstruction scheme, it said.
The sum that can be insured would range from Rs 25,000 to Rs 2 lakh with a base premium of Rs 299
A government notification said depositors can now pull out a maximum of Rs 50,000 per head even if an individual has more than one accoun
Sameer Nigam, founder CEO of the company, however, confirmed that the outage is a result of placement of Yes Bank under the moratorium.
Brokerages like Zerodha have cancelled requests linked to the Yes Bank accounts and are seeking a change to other bank accounts so that funds are not blocked