Penalties surge as RBI cracks the whip on lenders
Mumbai: Increasing enforcement of penalties by the Reserve Bank of India (RBI) last fiscal are reflected in the sharp jump on bank payments under such heads during the year. Reserve Bank of India (RBI) data in the annually published Trend and Progress of Banking in India 2023-24 shows that the total penalties paid by public…
READ MORE
Stock Market Crash: HMPV case detection in Bengaluru scares investors, Sensex down 1,200 points
After the Indian government confirmed two cases of Human Metapneumovirus (HMPV) in Karnataka amid reports of a virus outbreak creating havoc in China, stock market investors chose to play it safe, with the Sensex falling over 1,200 points and Nifty losing around 1.4%. The fear gauge index, India VIX, jumped 13% as a widespread sell-off…
READ MORE
RBI monetary policy: MPC cuts CRR by 50 bps to 4%; market turns positive
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday reduced the Cash Reserve Ratio (CRR) by 50 basis points to 4%, bringing it back to the level before the policy tightening cycle began in April 2022. The announcement was made by Governor Shaktikanta Das in his final speech of this…
READ MORE
UCO Bank, other PSU bank stocks rally up to 8% as investors expect CRR cut from RBI
Shares of PSU bank stocks like UCO Bank and Central Bank of India rallied up to 8% on Wednesday as a three-day meeting of the Reserve Bank of India (RBI)’s rate-setting panel began today in which brokerages expect Governor Shaktikanta Das to cut cash reserve ratio (CRR). Global brokerage firm Citi said that if the…
READ MORE
US charges may slow Adani Group’s fundraising plans
Mumbai: The US Securities and Exchange Commission’s (SEC) charges against Adani Group promoter Gautam Adani and others including his nephew Sagar Adani in a bribery and fraud case, may not have any immediate impact on the group’s financials but are likely to slow down ongoing fundraising plans. Domestic banks and financial institutions, which are the…
READ MORE
PSU stocks surge up to 11% as Maharashtra election results boost market sentiment
PSU stocks saw a strong rally in Monday’s intraday trade following the BJP-led Mahayuti alliance’s resounding victory in the Maharashtra Assembly elections. Shares of Bank of Baroda, Indian Bank, HPCL, PFC, IRFC, BEL, RVNL, Bharat Dynamics, NBCC, GAIL, Concor, SAIL, and others surged between 3% and 11% in an overall positive market. Among PSU stocks,…
READ MORE
Learn to live with volatility & use it to your advantage: 5 large-cap stocks from different sectors with upside potential of up to 41%
Synopsis In October, the bears made no distinction between large-, mid- or small-cap stocks – mauling them equally. The market behavior during the month underlined the importance of adhering to the basic principles of equity investing. First, remember that when you buy a stock, you own part of a business – and how the business…
READ MORE
Stocks in news: DMart, Reliance Power, Bajaj Finance, Sundaram-Clayton, Bank of Baroda
Domestic markets saw a sharp plunge on Thursday, dropping over 2% due to weak global cues. In today’s trade, shares of DMart, Reliance Power, Bajaj Finance, Sundaram-Clayton, Bank of Baroda among others will be in focus due to various news developments. DMart DMart reported 14% growth in its standalone revenues at Rs 14,050 crore for…
READ MORE
EaseMyTrip shares sink 19%, hit 52-week low after promoter offloads nearly 3% stake
Shares of travel aggregator EasyMyTrip, owned by Easy Trip Planners, fell 19% to a day’s low of Rs 33.14 on the BSE after the company’s promoter, Nishant Pitti, offloaded a 2.7% stake in the company. It was previously reported that Pitti might offload a stake of up to 8.5%. The official parties involved in the…
READ MORE
SBI among top 10 stock picks from Axis Securities with upside potential of up to 42% – Stock Ideas
Indian Railway Finance Corporation Share Price 161.43 04:01 PM | 20 Sep 2024 6.19(3.99%) Suzlon Energy Share Price 83.45 03:59 PM | 20 Sep 2024 2.49(3.07%) Indian Renewable Energy Development Agency Share Price 232.37 03:59 PM | 20 Sep 2024 2.37(1.03%) Tata Motors Share Price 970.85 03:59 PM | 20 Sep 2024 3.86(0.4%) YES Bank…
READ MORE