Here’s why NSE IPO was delayed for years and approved today
The long-awaited initial public offering of the National Stock Exchange of India has finally crossed a crucial regulatory milestone, ending years of uncertainty around one...
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KV Kamath panel formed by RBI to make policy on loan restructuring during this pandemic
Veteran banker KV Kamath is making a comeback to India after five years — this time heading a panel that will work out the contours of a mega one-time restructuring plan to assist stressed borrowers hit by the coronavirus pandemic.
Market Closing: Indices close flat on week end; Bank gains
The benchmark indices had a slow trading session on Friday, Sensex holds above 38000
Vodafone Idea share price fell to negative Rs 19,500 crore at the end of June
Rising losses at the end of June pushed Vodafone Idea net worth to Rs 19,500 crore.
Q1 FY21 Results: Lupin posts 65% decline in net profits to Rs 106.90 crore
Drug firm Lupin has reported a 64.72 per cent decline in its consolidated net profit to Rs 106.90 crore for the quarter to April-June 2020.
HDFC Bank slashes MCLR, consumer loans to be cheaper
HDFC Bank, the country's largest private sector bank, cut its marginal-cost based lending rate (MCLR) on loans for all tenors by 10 basis points (bps). Its overnight MCLR stands reduced to 7%.
Market Opening: Red opening for indices on mixed global cues; Wipro in focus
The benchmark indices trading lower at opening on Mixed global cues as US markets ended higher but SGX was trading red at opening.
Global Markets: Nasdaq ends above 11000, Creates history
Nasdaq ending the session above 11,000 for the first time as investors hoped for a new fiscal stimulus package.
Reserve Bank of India increased the LTV ratio for gold loans from 75% to 90%
The Reserve Bank of India (RBI) declared a increase on gold lending norms, from 75% to 90%.
Market Closing: Indices close higher post RBI’s announcement; Sensex above 38000
The markets added to early gains after the RBI announced the repo rates to remain unchanged. Sensex crossed 38200 jumping 560 points.
RBI sets up special quarantine facility: Now the only central bank in the world to do so
To maintain stability in their operations RBI set up a special quarantine facility and is the only central bank in the world to do so.
Repo rate retained at 4%, Real GDP to remain negative; Market sentiment uplifted
The RBI has announced in the RBI Monetary policy that the repo rate will remain unchanged at 4% and Real GDP to remain negative, Stock markets trade higher post announcement.
Market Opening: Sensex,Nifty trade higher; Vodafone Idea, RIL in focus
The indices tracking strong note on global markets opened positive with Vodafone-Idea and Reliance Industries in focus for the trading session.
LIC’s gross NPA rises to 8.17% in FY 20
The gross non-performing assets (NPA) ratio of the debt portfolio of Life Insurance Corporation of India (LIC) rose to an all-time high of 8.17 percent at the end of FY20, a data point that will come under the spotlight in a year when the life insurer readies itself for an initial public offering.