Government merges 10 PSBs to form 4 large banks
Government merges 10 PSBs to form 4 large banks
In consultation with the chiefs of public sector banks (PSBs), the Finance Ministry has created a roadmap to reviving the state-owned bank and consolidation smaller PSBs to form four large banks with increased reach and competitive advantage.
ICRA fires CEO, stock tanks 3 per cent
ICRA fires CEO, stock tanks 3 per cent
The rating agency's Managing Director and Group CEO Naresh Takkar is being probed by various government investigation agencies for his alleged involvement in the IL&FS crisis.
IIFL Wealth buys wealth management biz of L&T Finance Holdings
IIFL Wealth buys wealth management biz of L&T Finance Holdings
L&T Finance Holdings Limited sell its investment in L&T Capital Markets, a wholly-owned subsidiary, to IIFL Wealth Finance Limited. The division provides wealth management services in India.
Deadline for filing IT return ends this week
Deadline for filing IT return ends this week
The last day for filing Income tax returns for the financial year 2018-19 is Saturday, August 31, 2019, which is this weekend. If you are yet to file your returns, read on to know more.
Sensex skyrockets up by 792 points
Sensex skyrockets up by 792 points
Registering a stupendous 2 per cent gain, the benchmark indices recovered as the central government announced the rollback of FPIs surcharge, a fiscal package for state-owned banks and stimulus for auto sector to revive the economy on Friday.
BL Kashyap secures Rs. 460.53 crore orders
BL Kashyap secures Rs. 460.53 crore orders
Civil engineering construction company B.L. Kashyap and Sons Limited received orders in Bengaluru and Trivandrum. Following the announcement, the stock was locked in its upper circuit in post lunch session on Monday.
5 incentives that may help growth of auto sales
5 incentives that may help growth of auto sales
Auto sector stocks were in focus in morning trade on Monday after the government acknowledged the difficulties faced by the sector and announced a slew of measures to revive growth. On Friday, the Union Finance Minister Nirmala Sitharaman put-forth a five-prong stimulus package to help increase vehicle sales.
Bandhan offers credit card in tie-up with Standard Chartered
Bandhan offers credit card in tie-up with Standard Chartered
The bank is now moving to premium segment after launching four years ago with basic banking services. The bank had posted impressive results for the June quarter.
63 Moons Tech hits upper circuit as HC provides relief
63 Moons Tech hits upper circuit as HC provides relief
The stock gained 10 per cent to hit upper circuit as Bombay HC ruled that the assets of the company's promoters cannot be attached under the MPID Act. The attachment followed the investigation into the Rs. 5,600 crore NSEL scam.
Market Close: Markets sink; realty stocks tumble
Market Close: Markets sink; realty stocks tumble
Indian equity markets were in a sea of red on Thursday as markets failed to get any relief from the government with regards to the FPI surcharge. The benchmark index BSE Sensex lost 587.44 points to close at 36,472.93, down by 1.59 per cent. The Nifty50 closed at 10,737.75, down by 180.95 points or 1.67 per cent as bears were in action throughout the day.
United Spirits faces heat of Chidambaram's arrest
United Spirits faces heat of Chidambaram's arrest
ED and CID are investigating alleged irregularities in Foreign Investment Promotion Board (FIPB) approvals given by former Finance Minister P Chidambaram. The stock of United Spirits Limited experienced volatility due its parent company's link to the case.
Reliance Nippon up by 5 per cent
Reliance Nippon up by 5 per cent
The stock of Reliance Nippon Life was buzzing on the bourses on Thursday following a clarification by the company regarding spike in traded volumes. Reliance Nippon Life was among top gainers in an otherwise southwards heading market.