The ban on cryptocurrencies was aimed at “ring-fencing” the country’s financial system from the private virtual currencies, deemed illegal by the government.
Yes Bank, SBI, Tata Steel, GAIL and Hindalco were among major losers on the Nifty, while gainers include HCL Tech, Eicher Motors, Nestle, ICICI Bank and Infosys
There are six investor categories in the IPO, SBI Cards and Payments Services shares which are categorized as anchor, qualified institutional buyers, non-institutional investors, retail, SBI shareholders and employees.
SBI is one of its parents and a 35 per cent of its issuance reserved for retail investors, the SBI Card issue is expected to spike huge demand
Global oil demand is estimated to grow 0.86 million barrels per day (MMB/D) in 2020, lowered by a massive 0.47 MMB/D vs last month
In a regulatory filing, State Bank of India late on Monday evening said that a discount of Rs 75 per share will also be offered to the “eligible employees”.
According to sources, all banks across the state will be closed for three days from tomorrow 21 February.
DMart operates stores in Ghaziabad in Uttar Pradesh, and Punjab.
Munjal said that Hero Motocorp has been the world’s largest two-wheeler company by units volume for the last 19 years.
Hathway Cable Datacom was at Rs 23.10 up 20 per cent, and stocks of Den Networks were up nearly 10 per cent at Rs 59.50 per share.
It paid Rs 9500 crore on behalf of Bharti Airtel and Telenor which has merged with the parent company and Rs 500 crore for Bharti Hexacom, its subsidiary.
State-run oil marketing companies today hiked the price of non-subsidised liquefied petroleum gas (LPG) cylinders across metro cities
Vikram Solar, one of India’s leading module manufacturers and a prominent EPC & rooftop solar solutions provider, today announced the appointment of renewable energy sector veteran, Mr Saibaba Vutukuri as the new Chief Executive Officer (CEO) of the company. This announcement comes in at an important juncture, marking the next[Read More…]
Deposit insurance was static at Rs 1 lakh since 1993. The cover is provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly-owned subsidiary of the RBI.
Marcelo Claure will remain as executive chairman of We and Mathrani will report to him. Claure is an executive at SoftBank Group Corp, which committed billions of dollars to WeWork in a rescue package last fall.
Experts said the Budget 2020 has been below par considering investors had extremely high expectations from the government to revive the economy.
The share price of IRCTC has gained 40 per cent this month. It has surged 30 per cent in the last one week.
Some of the pointers included expansion of PM KUSUM Scheme, which reduces dependence on diesel and kerosene and increases reliance on social energy.
Beginning on a cautious note, the Indian market entered the Budget day with both Sensex and Nifty 50 breaking below crucial support levels on the day when the Finance Minister tabled the Economic Survey 2020.
The findings revealed a relatively even penetration of online financing across these markets. On average, 61% of respondents in these countries applied for online credit in 2019 at least once.
Banks will remain closed on those days and even files for the payment of salary for the month of January 2020, which is due for January 31st may not get processed
Among the Budget proposals being considered for the Union Budget is that the long term capital gains (LTCG) tax will be fixed at 24 months or two years uniformly for all asset classes.
Some non-linked indebtedness insurance plans of LIC which are being discontinued include, ‘Single Premium Endowment Plan, New Endowment Plan, New Money Back-20 Years, New Jeevan Anand, Anmol Jeevan 2, Limited Premium Endowment Plan.
Among its recommendations for the upcoming Union Budget 2020-21, the organisation has also said the goods and services tax (GST) on products used by people with disabilities should be removed, and proper funds are allocated for implementation of the Rights of Persons with Disabilities Act, 2016.
A volatile behaviour of the market was expected had the World Health Organisation (WHO) declared a “global emergency” over the outbreak of Coronavirus in China.