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...
Finance
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India on the road for 4 major PSU banking entities after new public policy
The Centre’s proposed new policy to have not more than four public sector undertakings (PSUs) in each ‘strategic sector’ will likely apply to the banking sector too, Department of investment and public asset management (DIPAM) secretary Tuhin Kanta Pandey.
Market Opening: Indices on opening trade flat; Bajaj, Axis Bank and L&T in focus
The share markets on Thursday are trading flat as global markets showed mixed figures with SGX Nifty opening flat and US markets closed higher earlier.
Global Markets: US Indices end higher, SGX Nifty opens flat
The US benchmark indices on Thursday closed higher as Dow Jones hits the record high since June 9 and S&P at highest level in 5 months.
Mukesh Ambani Reliance Industries Ltd (RIL) Chairman and MD 5th richest in the world
Mukesh Ambani Reliance Industries Ltd (RIL) Chairman and MD 5th richest in the world. Reliance Industries Ltd (RIL) Chairman and Managing Director Mukesh Ambani became the fifth richest person in the world, as per Forbes magazine's Real-Time Billionaires List.
Market Closing: Sensex and Nifty slip red; IT stocks underperform
After a positive opening and Sensex crossing 38k mark the indices closed lower on Wednesday.
SEBI allows claims for PACL chit fund scam
SEBI has decided to provide an opportunity to all investors/applicants with claims between ₹5,000 and ₹7,000, to make good deficiencies as may be applicable to their claims.
An excess of $1 trillion in debt dwarfs central bank demand
An excess of $1 trillion in debt dwarfs central bank demand. Major central banks globally are not quick able to absorb securities.
Stocks In News: Reliance at 52-week high, Axis Bank surges 5%
The benchmark indices on Wednesday are trading positive with Sensex above 37900 and Nifty above 11170 led by Banking and Financial stocks.
Axis Bank increases provisions for Q1 FY 21 as moratorium level falls
In the June quarter, the private sector bank beefed up provisions by 15.8% year-on-year and provided ₹733 crore specifically towards pandemic risks over and above the ₹3,000 crore made in the March quarter. The bank has ₹6,898 crore in additional provisions over and above those needed for bad loans.
Aam Aadmi Party approves doorstep delivery of ration system in Delhi
Aam Aadmi Party approves doorstep delivery of ration system in Delhi. The plan for doorstep delivery of ration to eligible recipients is approved by the Government of Delhi on Tuesday.
Market Opening: Indices trade higher, Axis bank in focus
The indices at market opening were trading flat backed by the mixed global cues and considering the spike in the virus cases in the country.
Global Markets: Mixed figures at closing in US markets; Asian indices open lower
The US markets saw mixed figures as Nasdaq ended red and others green, Asian markets slightly down at opening.
CARS24 launches loan facility against pre-owned cars
CARS24, E-commerce for transaction of pre-owned and second hand cars said the number of customers selling cars due to liquidity crunch has doubled as compared to pre-corona times. It will now give loans to those customers who do not wish to sell their cars otherwise.
Market Closing: Markets continue the upward streak; Sensex over 500 points
The indices on Tuesday ended higher at market closing as the market closes higher for the second consecutive day of the week led by Banking and Energy stocks.
6 out of 192 equity mutual funds gave double-digit annualized returns
Average 5-year SIP return of large cap mutual funds stood at 5.38%. Top three schemes in the category are Axis Bluechip Fund, Canara Robeco Bluechip Fund and BNP Paribas Large Cap Fund.
Consumer Protection Act rules and regulations effective by end of week
The Consumer Protection Act, 2019, which enters into force on 20 July 2020 and supersedes the previous Consumer Protection Act, 1986, confers an advantage on customers.