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Mahindra & Mahindra Financial gains on executing Master agreement for co-lending with SBI Mahindra & Mahindra Financial is currently trading at Rs. 293.20, up by 1.00 points or 0.34% from its previous closing of Rs. 292.20 on the BSE. The scrip opened at Rs. 293.15 and has touched a high and low of Rs. 294.85 and Rs. 291.65 respectively. So far 14515 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 346.40 on 04-Jul-2023 and a 52 week low of Rs. 176.30 on 28-Sep-2022. Last one week high and low of ...
Mahindra & Mahindra Financial gains on executing Master agreement for co-lending with SBI
Mahindra & Mahindra Financial gains on executing Master agreement for co-lending with SBI
Source: Accord Fintech
6/09/2023 10:34:47 AM
Finance Ministry should consider having online system for processing customs refunds: CAG Flagging inordinate delays in the implementation of the module for daily updation of exchange rate, the Comptroller and Auditor General (CAG) has asked the Finance Ministry to consider having an online system for processing customs refunds along the lines of the GSTN system to make it more efficient. The CAG said implementation of a system which captures daily fluctuation in the exchange rate, will minimise the undue benefit or loss to importers and exporters and correspondingly to the Dep...
Finance Ministry should consider having online system for processing customs refunds: CAG
Finance Ministry should consider having online system for processing customs refunds: CAG
Source: Accord Fintech
9/08/2023 1:15:05 PM
India`s SBI Card misses Q1 profit view on high credit costs, margin pressure  India's second-largest credit card issuer SBI Cards and Payment Services on Friday reported a slide in first-quarter profit as elevated credit costs and margin compression offset growth in revenue. Profit after tax for the June quarter fell 5.36% to 5.93 billion rupees ($72.16 million) year-on-year, below the estimated 5.98 billion rupees, according to Refinitiv IBES data. Net interest margin (NIM), a key measure of profitability, fell 176 basis points to 11.5%, due to a drop ...
India`s SBI Card misses Q1 profit view on high credit costs, margin pressure
India`s SBI Card misses Q1 profit view on high credit costs, margin pressure
Source: Reuters
28/07/2023 5:14:21 PM
Weakening of dollar index aiding FII inflows  The US Dollar Index (DXY) has slipped below $100 for the first time after April 2022. When the Dollar Index falls, the Indian rupee appreciates and the dollar weakens, which is leading to increase in fund flows from FIIs and FPIs, SBI Securities said in a report. The heavy inflow helps the market to surge higher, the report said. Last week, the volatility index India VIX ended at 10.68, which was the lowest closing since December 2019. This decline in volatility indicates that the...
Weakening of dollar index aiding FII inflows
Weakening of dollar index aiding FII inflows
Source: IANS
19/07/2023 9:18:58 AM
Nifty settles over 19,700 for first time ever Following Monday's flat to positive opening, the Nifty was bullish throughout the day to close at an all-time high, said Deven Mehata, Equity Research Analyst, Choice Broking. The market traded in positive with the Sensex gaining 0.80 per cent to close at 66589.03, while Nifty was up by 0.75 per cent intraday and closed at 19,711.45 levels, its highest ever,  whereas Bank Nifty was up by 1.41 per cent to settle at 45449.75. Among the sectors, Nifty PSU Bank, Nifty Fin Service a...
Nifty settles over 19,700 for first time ever
Nifty settles over 19,700 for first time ever
Source: IANS
17/07/2023 4:50:35 PM
SBI AMC announces enabling subscriptions in SBI international access - US FoF SBI Asset Management Company (AMC) has announced addendum to the Scheme Information Documents (SIDs)/ Key Information Memorandums (KIMs) cum Common Application Form of all Scheme(s) of SBI Mutual Fund.   SBI Mutual Fund informed that pursuant to SEBI’s communication no. SEBI/ HO/ OW/ IMD-II/ DOF3/P/ 25095/22 dated June 17, 2022 regarding investment in overseas securities by mutual funds, it has been decided to accept fresh Subscriptions through lumpsum investment (including a...
SBI AMC announces enabling subscriptions in SBI international access - US FoF
SBI AMC announces enabling subscriptions in SBI international access - US FoF
Source: Accord Fintech
5/07/2023 12:31:36 PM
SBI AMC informs about review of time limit for disclosure of NAV of mutual fund schemes SBI Asset Management Company (AMC) has announced addendum to the Scheme Information Documents (SIDs)/ Key Information Memorandums (KIMs) cum Common Application Form of all Scheme(s) of SBI Mutual Fund (SBIMF).   SBI Mutual Fund informed that pursuant to Para 8.2 of the SEBI Master Circular on Mutual Funds dated May 19, 2023 with respect to ‘Review of time limit for disclosure of NAV of Mutual fund schemes investing overseas’, the timelines for disclosure of NAV for the ...
SBI AMC informs about review of time limit for disclosure of NAV of mutual fund schemes
SBI AMC informs about review of time limit for disclosure of NAV of mutual fund schemes
Source: Accord Fintech
4/07/2023 12:25:03 PM
SBICAPS opens branch office in Abu Dhabi Global Market (ADGM) SBI Capital Markets Limited (SBICAPS), a wholly owned subsidiary and investment banking arm of State Bank of India (SBI) on Monday announced the opening of its first overseas branch office in Abu Dhabi Global Market (ADGM), an international financial centre and free zone located on Al Maryah Island in UAE’s capital, Abu Dhabi.   Shri Dinesh Khara, Chairman, State Bank of India (SBI), inaugurated the SBICAPS ADGM Branch Office in the presence of H. E. Sunjay Sudhir, India&rsqu...
SBICAPS opens branch office in Abu Dhabi Global Market (ADGM)
SBICAPS opens branch office in Abu Dhabi Global Market (ADGM)
Source: PR Agency
4/07/2023 11:32:31 AM
SBI launches interoperable cardless cash withdrawal facilities Country's largest lender State Bank of India (SBI) on Sunday launched its enhanced digital banking application, 'YONO for Every Indian' and Interoperable Cardless Cash Withdrawal (ICCW) facilities. The facility was launched by SBI as part of the 68th Bank Day celebrations. With 'YONO for Every Indian',  bank customers will have access to UPI features like Scan and Pay, Pay by contacts, Request money, among others on YONO's new avatar. "This milestone up...
SBI launches interoperable cardless cash withdrawal facilities
SBI launches interoperable cardless cash withdrawal facilities
Source: IANS
2/07/2023 5:23:47 PM
RBI`s decision to withdraw Rs 2000 banknotes likely to boost macroeconomic parameters SBI Research in its latest report has said that the Reserve Bank of India’s (RBI) decision to withdraw Rs 2000 banknotes from circulation as a part of its currency management is likely to boost various macroeconomic parameters. On May 19, 2023, RBI decided to withdraw the Rs 2000 denomination banknotes from circulation but said it will continue to remain as legal tender. However, RBI has advised banks to stop issuing such banknotes with immediate effect. As per the SBI Research repor...
RBI`s decision to withdraw Rs 2000 banknotes likely to boost macroeconomic parameters
RBI`s decision to withdraw Rs 2000 banknotes likely to boost macroeconomic parameters
Source: Accord Fintech
19/06/2023 1:00:29 PM
SBI AMC announces change in risk-o-meter SBI Asset Management Company (AMC) has announced addendum to the Scheme Information Documents (SIDs)/ Key Information Memorandums (KIMs) cum Common Application Form of all Scheme(s) of SBI Mutual Fund as amended from time to time.   SBI mutual Fund Mutual Fund informed that in terms of SEBI circular no. SEBI/HO/IMD/DF3/CIR/P/2020/197 dated October 05, 2020, Risk-o-meter of the below mentioned Schemes of SBI Mutual Fund stands revised as under, based on evaluation of risk levels of ...
SBI AMC announces change in risk-o-meter
SBI AMC announces change in risk-o-meter
Source: Accord Fintech
7/06/2023 12:26:06 PM
About 80% of Indians choose to deposit withdrawn 2000-rupee notes, boost bank deposits - bankers About three-fourths of Indians are choosing to deposit the recently withdrawn 2000-rupee notes into bank accounts so far rather than exchanging them for smaller denominations, with the trend likely to boost bank deposits, bankers said. In May, the Reserve Bank of India (RBI) said it would withdraw these high-value notes from circulation and permitted their exchange or deposit until Sept. 30. Exchange is only permitted up to 20,000 rupees per turn, while there is no limit on depositing t...
About 80% of Indians choose to deposit withdrawn 2000-rupee notes, boost bank deposits - bankers
About 80% of Indians choose to deposit withdrawn 2000-rupee notes, boost bank deposits - bankers
Source: Reuters
7/06/2023 11:36:41 AM
SBI Cards rises on getting nod to raise Rs 3,000 crore through NCDs SBI Cards And Payment Services is currently trading at Rs. 926.00, up by 6.25 points or 0.68% from its previous closing of Rs. 919.75 on the BSE. The scrip opened at Rs. 920.65 and has touched a high and low of Rs. 928.10 and Rs. 913.15 respectively. So far 16952 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1028.75 on 17-Aug-2022 and a 52 week low of Rs. 656.10 on 20-Jun-2022. Last one week high and low of t...
SBI Cards rises on getting nod to raise Rs 3,000 crore through NCDs
SBI Cards rises on getting nod to raise Rs 3,000 crore through NCDs
Source: Accord Fintech
6/06/2023 4:03:03 PM
RBI likely to again pause repo rate in bi-monthly monetary policy: SBI Research Just few days ahead of the outcome of Reserve Bank of India’s (RBI’s) monetary policy meeting, SBI Research in a report said that the RBI is likely to again pause the repo rate, the rate at which the central bank lends money to banks, in its bi-monthly monetary policy. It added that the monetary policy committee will go for a ‘prolonged pause’. A monetary policy committee headed by RBI governor Shaktikanta Das will hold a three-day-long meeting with its decision be ann...
RBI likely to again pause repo rate in bi-monthly monetary policy: SBI Research
RBI likely to again pause repo rate in bi-monthly monetary policy: SBI Research
Source: Accord Fintech
6/06/2023 9:31:28 AM
India regulator orders takeover of Sahara India Life Insurance unit by SBI Life India's insurance regulator on Friday ordered the takeover of a unit of Sahara India Life Insurance by SBI Life Insurance, following the company's "continuous deterioration of financial position". The Insurance Regulatory and Development Authority of India (IRDAI) on Friday said the life insurance business of Sahara India Life will be transferred to SBI Life with immediate effect. SBI Life clarified that there will be a transfer of Sahara India Life's policyholder ...
India regulator orders takeover of Sahara India Life Insurance unit by SBI Life
India regulator orders takeover of Sahara India Life Insurance unit by SBI Life
Source: Reuters
3/06/2023 8:50:54 AM
SBI Cards and Payment Services surges on planning to raise funds worth Rs 3,000 crore SBI Cards And Payment Services is currently trading at Rs. 923.25, up by 6.55 points or 0.71% from its previous closing of Rs. 916.70 on the BSE. The scrip opened at Rs. 916.70 and has touched a high and low of Rs. 924.80 and Rs. 899.30 respectively. So far 47415 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1028.75 on 17-Aug-2022 and a 52 week low of Rs. 656.10 on 20-Jun-2022. Last one week high and low of t...
SBI Cards and Payment Services surges on planning to raise funds worth Rs 3,000 crore
SBI Cards and Payment Services surges on planning to raise funds worth Rs 3,000 crore
Source: Accord Fintech
31/05/2023 4:15:08 PM
IBroad7 restructures under entity Reach India, with focus on audio, digital and local iBroad7, the country's largest agency in the audio market with proven capabilities across multiple media including print, outdoor, and television, is now expanding and scaling up rapidly with focus on the new economy, along with a sharp focus on localisation of campaigns and content. The company is expanding, both vertically and horizontally, under a new umbrella entity - Reach India - in a sharply engaged hub-and-spoke model, with widened national and international operations and new ...
IBroad7 restructures under entity Reach India, with focus on audio, digital and local
IBroad7 restructures under entity Reach India, with focus on audio, digital and local
Source: IANS
26/05/2023 5:21:25 PM
Uttar Pradesh banks prepare to meet currency deposit rush Nearly 905 branches of all banks in Lucknow and 12,000 branches across Uttar Pradesh have geared up for depositing and exchanging Rs 2000 currency notes from Tuesday. Separate counters have been set up if the number of customers increases and police help will be taken if needed. Media in-charge, United Forum of Bank Unions, Anil Tiwari said that the crowd was not likely to increase as there were very few Rs 2000 currency notes in circulation. "The common man need not worry as th...
Uttar Pradesh banks prepare to meet currency deposit rush
Uttar Pradesh banks prepare to meet currency deposit rush
Source: IANS
23/05/2023 10:16:37 AM
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project Reliance Power has made a Rs 1,200 crore one-time settlement (OTS) offer to the lenders of its subsidiary, Vidarbha Industries Power Ltd (VIPL), to settle the debt. Reliance Power has offered to pay Rs 1,200 crore in upfront cash to the lenders of VIPL which include Axis Bank, SBI, Bank of Baroda, PNB, Canara Bank, and Bank of Maharashtra. The outstanding loan of the company as on March 31, 2022, is around Rs 2,200 crore. Reliance Power's OTS offer is backed by Varde Partners of ...
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project
Source: IANS
23/05/2023 9:21:27 AM
Dell becomes India`s Most Trusted, Xiaomi Mobiles 2nd and Titan is 3rd in TRA`s Brand Trust Report 2023 Dell has been ranked as India’s Most Trusted Brand for the fourth consecutive year in TRA’s Brand Trust Report (BTR) 2023. Xiaomi Mobiles leads the Mobile Phone Category and is 2nd ranked for the third year and Titan Watches (up +5 ranks) is the 3rd Most Trusted Brand in India in 2023. TRA’s BTR 2023 is the twelfth edition in its series and is a result of a syndicated research of 2500+ consumer-influencers across 16 Indian cities. BMW (+3 ranks) is ranked 4th&nb...
Dell becomes India`s Most Trusted, Xiaomi Mobiles 2nd and Titan is 3rd in TRA`s Brand Trust Report 2023
Dell becomes India`s Most Trusted, Xiaomi Mobiles 2nd and Titan is 3rd in TRA`s Brand Trust Report 2023
Source: PR Agency
27/03/2023 3:36:10 PM
Trinamool to raise LIC, SBI and cooking gas price hike issues in Parliament Trinamool Congress is all set to corner the Centre in the upcoming Parliament session on several issues, including investments by SBI and LIC in private entities besides the recent hike in the cooking gas price. According to sources, the decision was taken at a closed-door meeting here on Wednesday evening. Chaired by West Bengal Chief Minister Mamata Banerjee, the meeting saw participation of party's national general secretary, Abhishek Banerjee and the party leaders in the Lok Sabha ...
Trinamool to raise LIC, SBI and cooking gas price hike issues in Parliament
Trinamool to raise LIC, SBI and cooking gas price hike issues in Parliament
Source: IANS
9/03/2023 10:49:12 AM
SBI raises Rs 3,717 crore via bond issuance The State Bank of India (SBI), the country's largest lender, has raised Rs 3,717 crore through its third Basel III compliant Additional Tier 1 bond issuance in the current financial year on Wednesday, at a coupon rate of 8.25 per cent. The proceeds of the bonds will be utilised in augmenting Additional Tier 1 Capital and the overall capital base of the bank and strengthening capital adequacy in accordance with RBI guidelines. The tenor of these bonds is perpetual with a call option ...
SBI raises Rs 3,717 crore via bond issuance
SBI raises Rs 3,717 crore via bond issuance
Source: IANS
9/03/2023 9:16:32 AM
India's financial sector is robust & well-governed, assure senior leaders & industry captains The Adani Group is a portfolio of businesses with strong fundamentals and robust assets. Over the years, it has consistently reported excellent financial and operational performance. Senior leaders and captains of the industry have come forward to assure the country that India's financial sector is robust and well-governed. They have cautioned investors against believing those who question India's ability to govern itself. Finance Minister Nirmala Sitharaman has described India ...
India's financial sector is robust & well-governed, assure senior leaders & industry captains
India's financial sector is robust & well-governed, assure senior leaders & industry captains
Source: IANS
28/02/2023 6:11:39 PM
India`s GDP growth rate likely at 4.6% in December quarter: SBI Report State Bank of India (SBI) in its latest report has projected India's Gross domestic product (GDP) growth of 4.6 per cent for the December quarter, citing that as many as 30 high frequency indicators are not as robust as they were in the previous quarters. However, the projection is higher than the Reserve Bank of India's forecast of 4.4 per cent for the third quarter of this fiscal. It mentioned the lower forecast also stems from poor corporate results, ex-BFSI, which have shown th...
India`s GDP growth rate likely at 4.6% in December quarter: SBI Report
India`s GDP growth rate likely at 4.6% in December quarter: SBI Report
Source: Accord Fintech
22/02/2023 10:37:26 AM
Aparna Kuppuswamy joins IPO-bound BharatPe Group as Chief Risk Officer Fintech major BharatPe Group on Monday announced to appoint industry veteran Aparna Kuppuswamy as its Chief Risk Officer, who will help the compay get prepared towards its IPO goal. Prior to joining BharatPe, she was the Chief Risk Officer at SBI Cards for more than 14 years, where she led a number of key projects. Kuppuswamy will lead the risk portfolio across the BharatPe Group of companies, including the merchant and consumer businesses. She will work closely with Nalin Negi, CFO ...
Aparna Kuppuswamy joins IPO-bound BharatPe Group as Chief Risk Officer
Aparna Kuppuswamy joins IPO-bound BharatPe Group as Chief Risk Officer
Source: IANS
20/02/2023 4:10:32 PM
State Bank of India trades higher on the BSE State Bank of India is currently trading at Rs. 534.35, up by 6.35 points or 1.20% from its previous closing of Rs. 528.00 on the BSE. The scrip opened at Rs. 535.00 and has touched a high and low of Rs. 541.05 and Rs. 519.40 respectively. So far 933952 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 629.65 on 15-Dec-2022 and a 52 week low of Rs. 425.00 on 08-Mar-2022. Last one week high and low of the scrip sto...
State Bank of India trades higher on the BSE
State Bank of India trades higher on the BSE
Source: Accord Fintech
3/02/2023 3:24:41 PM
Union Budget : 2023-24 Post Budget Analysis & Stock Ideas By Axis Securities An All-Round Budget Delivering On All Aspirations Our honourable Finance Minister Nirmala Sitaraman presented the Union Budget 2023-34 today. Being the last full-year budget before the Union Election in 2024, the expectations from the Budget were naturally high and hence it was expected to be a growth-oriented budget. Against this backdrop, the Union Budget 2023-24 indeed lived up to its expectations, which was driven primarily by capital expenditure while simultaneously providing an adequ...
Union Budget : 2023-24 Post Budget Analysis & Stock Ideas By Axis Securities
Union Budget : 2023-24 Post Budget Analysis & Stock Ideas By Axis Securities
Source: Axis Securities Ltd
2/02/2023 3:44:06 PM
SBI Cards Q3 PAT at Rs 509 crore on reduced NIM Credit card major SBI Cards and Payment Services Ltd on Tuesday said it closed Q3 of FY23 with a higher net profit of Rs 509.46 crore. In a regulatory filing, the company said for the quarter ended December 31, 2022, it had earned a total operational revenue of Rs 3,507.12 crore (Q3FY22 Rs 2,889.46 crore) and a net profit of Rs 509.46 crore (Rs 386.77 crore). However the after tax profit for the period under review is lower than the Rs 525.64 crore profit the company had posted for Q2 o...
SBI Cards Q3 PAT at Rs 509 crore on reduced NIM
SBI Cards Q3 PAT at Rs 509 crore on reduced NIM
Source: IANS
24/01/2023 6:25:20 PM
India's SBI Card Q3 profit misses estimates on higher costs; shares drop  India's SBI Cards and Payment Services Ltd reported a smaller-than-expected rise in quarterly profit, as higher costs offset robust consumer spending, sending shares to a seven-month low. Profit for the three months ended Dec. 31 rose about 32% to 5.09 billion rupees ($62.42 million) from the previous year, but fell short of analysts' expectations for a profit of 5.77 billion rupees, according to Refinitiv IBES data. Shares of the company, backed by the country's top l...
India's SBI Card Q3 profit misses estimates on higher costs; shares drop
India's SBI Card Q3 profit misses estimates on higher costs; shares drop
Source: Reuters
24/01/2023 4:50:42 PM
State Bank of India jumps on inking pact to acquire 40% stake in Commercial Indo Bank State Bank of India is currently trading at Rs. 599.15, up by 7.05 points or 1.19% from its previous closing of Rs. 592.10 on the BSE. The scrip opened at Rs. 598.15 and has touched a high and low of Rs. 599.75 and Rs. 592.50 respectively. So far 56694 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 629.65 on 15-Dec-2022 and a 52 week low of Rs. 425.00 on 08-Mar-2022. Last one week high and low of the scrip stoo...
State Bank of India jumps on inking pact to acquire 40% stake in Commercial Indo Bank
State Bank of India jumps on inking pact to acquire 40% stake in Commercial Indo Bank
Source: Accord Fintech
23/01/2023 11:02:13 AM
`Procurement and free distribution of rice/wheat reduced wealth inequality during Covid in India' The Covid-19 pandemic is a leveller with the poor being protected through food transfers and other support measures while there was a decline in the income of the rich, said a top economist of State Bank of India (SBI). In a research report, Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI, citing a study (Gupta et.all, NBER, Dec 2021) said in India innequality declined during the pandemic. "In fact, the NBER study concludes that there was decline in income of the rich att...
`Procurement and free distribution of rice/wheat reduced wealth inequality during Covid in India'
`Procurement and free distribution of rice/wheat reduced wealth inequality during Covid in India'
Source: IANS
9/01/2023 3:18:48 PM
SBI, ICICI Bank & HDFC Bank continue to be systematically important banks: RBI  The State Bank of India, ICICI Bank and HDFC Bank continue to be identified as "Domestic Systemically Important Banks (D-SIBs)", according to the Reserve Bank of India (RBI). SIBs are those financial institutions which are too big to fail. "SBI, ICICI Bank and HDFC Bank continue to be identified as domestic systemically important banks (D-SIBs), under the same bucketing structure as in the 2021 list of D-SIBs," an RBI circular issued on Monday said. RBI had ...
SBI, ICICI Bank & HDFC Bank continue to be systematically important banks: RBI
SBI, ICICI Bank & HDFC Bank continue to be systematically important banks: RBI
Source: IANS
3/01/2023 2:49:13 PM
With prospects of slowdown, central banks may unwind the rates: SBI  With the prospect of a global slowdown, the central banks in different countries may unwind the rates as inflation comes off the boil and slowdown starts to bite, the State Bank of India (SBI) said in a report. According to the report, policymakers have to control inflation without harming the economy and financial markets. Higher cost of capital and thereby lower operating margins impacts the growth as well as competitive landscape favouring established market players than the ne...
With prospects of slowdown, central banks may unwind the rates: SBI
With prospects of slowdown, central banks may unwind the rates: SBI
Source: IANS
2/01/2023 1:08:25 PM
`Existing Indian life and non-life insurers may not merge to become composite player' The composite insurance licence regime may not see merger of life and general insurance companies owing to differing foreign shareholders and other issues, said experts. The Centre has proposed to allow composite insurers -- insurers who can sell life and general insurance policies. There are a couple of Indian groups -- financial (ICICI, HDFC, SBI, Shriram, Kotak) and industrial (Bajaj, TATA) -- that have promoted life and general insurance companies. "I don't think existin...
`Existing Indian life and non-life insurers may not merge to become composite player'
`Existing Indian life and non-life insurers may not merge to become composite player'
Source: IANS
14/12/2022 3:00:23 PM
Financiers prefer wind and solar over coal: Study Coal vs Renewables Financial Analysis 2022 identifies L&T Finance replacing SBI as the biggest financier in project finance for renewable energy in 2021. The fifth edition of Coal vs Renewable Financial Analysis, authored by Climate Trends and Centre for Financial Accountability (CFA), was released at CFA's annual energy finance conference hosted in collaboration with IIT Madras on Tuesday. While the total funding for new energy projects in 2021 is 60 per cent lower compared to ...
Financiers prefer wind and solar over coal: Study
Financiers prefer wind and solar over coal: Study
Source: IANS
7/12/2022 10:51:57 AM
Demand for moderate rate hike by RBI voiced With the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) expected to revise upwards the interest rate on Wednesday, industry players are voicing out for a moderation. The MPC has hiked the interest rate in recent times by 190 basis points (bps) to contain the inflation. According to Shishir Baijal, Chairman and Managing Director, Knight Frank India, out of 190 bps repo rate hike, 105 bps rise has already been transmitted in the marginal cost of funds based lending rate...
Demand for moderate rate hike by RBI voiced
Demand for moderate rate hike by RBI voiced
Source: IANS
6/12/2022 4:40:13 PM
Government allows sale of electoral bonds through 29 SBI branches from December 5-12 The Government on Saturday authorised sale and encashment of electoral bonds through 29 branches of State Bank of India (SBI) across the country between December 5 and December 12, 2022. As per provisions of the electoral bonds scheme, these can be purchased by a person who is a citizen of India or incorporated or established in India. A person being an individual can buy electoral bonds, either singly or jointly with other individuals. Only political parties registered under Section 29...
Government allows sale of electoral bonds through 29 SBI branches from December 5-12
Government allows sale of electoral bonds through 29 SBI branches from December 5-12
Source: IANS
3/12/2022 5:50:58 PM
Key Stock News: AstraZeneca, Flipkart , SBI , Adani Group, Singapore Airlines - ARETE Securities AstraZeneca India gets regulator's approval to market anti-diabetes drug Drug firm AstraZeneca India on Tuesday said it has received approval from the country's drug regulator to market anti-diabetes medication Dapagliflozin. The company said it has received approval from the Central Drugs Standard Control Organization (CDCSCO) for the drug indicated for diabetes patients with chronic kidney disease (CKD). Flipkart to go for $700 million ESOP buyback during PhonePe funding: ...
Key Stock News: AstraZeneca, Flipkart , SBI , Adani Group, Singapore Airlines - ARETE Securities
Key Stock News: AstraZeneca, Flipkart , SBI , Adani Group, Singapore Airlines - ARETE Securities
Source: ARETE Securities Ltd
30/11/2022 9:50:03 AM
SBI Research forecasts India`s GDP growth at 5.8% for Q2 on weak manufacturing sector Ahead of the government’s official gross domestic product (GDP) number release on November 30, SBI Research in its latest report has expressed cautiousness over India’s economic situation and pencilled the country's GDP growth for the second quarter (Q2) at 5.8 per cent, down 30 basis points from average estimates citing a weak manufacturing sector coupled with the steep margin compression. In a report, SBI Research headed by Soumya Kanti Ghosh said corporate results, opera...
SBI Research forecasts India`s GDP growth at 5.8% for Q2 on weak manufacturing sector
SBI Research forecasts India`s GDP growth at 5.8% for Q2 on weak manufacturing sector
Source: Accord Fintech
29/11/2022 11:22:23 AM
`Achieving $5tn economy target possible only by 2030` Owing to volatile geopolitical situations arising due to the Ukraine crisis, rising inflation and after-effects of the coronavirus pandemic, achieving the target of making India a $5 trillion dollar economy by 2024-25 looks difficult and may only be possible by 2030 at the current GDP growth rate, top banking industry representatives have said. Representatives of leading public sector banks are learnt to have indicated this to the high level Parliamentary standing committee on finance. ...
`Achieving $5tn economy target possible only by 2030`
`Achieving $5tn economy target possible only by 2030`
Source: IANS
18/11/2022 9:22:47 AM
Moneyboxx shines on securing term loan worth Rs 50 crore from SBI to further boost financial inclusion efforts Moneyboxx Finance is currently trading at Rs. 174.55, up by 2.80 points or 1.63% from its previous closing of Rs. 171.75 on the BSE. The scrip opened at Rs. 175.00 and has touched a high and low of Rs. 175.00 and Rs. 164.35 respectively. So far 814 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 218.90 on 15-Jul-2022 and a 52 week low of Rs. 93.70 on 07-Dec-2021. Last one week high and low of the scrip stood at...
Moneyboxx shines on securing term loan worth Rs 50 crore from SBI to further boost financial inclusion efforts
Moneyboxx shines on securing term loan worth Rs 50 crore from SBI to further boost financial inclusion efforts
Source: Accord Fintech
3/11/2022 10:58:32 AM
Oracle bets big on multi-cloud offerings for Indian government, public sector  As the Indian government doubles down on modernising its infrastructure in the digital era, Oracle on Thursday said its multi-Cloud offerings, which are fresh out of the oven, can help the public sector and state governments move to the cloud faster and in an efficient manner. Oracle has two multi-Cloud offerings, one is the database service for Microsoft Azure and the other one is 'One MySQL' database service for Amazon Web Services (AWS), which have generated great traction...
Oracle bets big on multi-cloud offerings for Indian government, public sector
Oracle bets big on multi-cloud offerings for Indian government, public sector
Source: IANS
20/10/2022 12:47:44 PM
One District One Product Export Hub can capitalise on raw materials, intermediate goods  The government's One District One Product - District Export Hub (ODOP-DEH) initiative can also focus on capitalising on raw materials and intermediate goods in addition to geographical indication (GI) products, said a top economist at State Bank of India (SBI). He also said the country should capitalise on China+1 strategy. In a report, Dr Soumya Kanti Ghosh, Group Chief Economic Adviser said that with 55 per cent of India's gross domestic product (GDP) coming from the ser...
One District One Product Export Hub can capitalise on raw materials, intermediate goods
One District One Product Export Hub can capitalise on raw materials, intermediate goods
Source: IANS
10/10/2022 2:42:07 PM
Centre authorises SBI to issue electoral bonds between October 1-10  The State Bank of India (SBI) has been authorised to issue and encash electoral bonds through its 29 branches between October 1-10. This would be the 22nd phase of sale of electoral bonds, according to a statement issued by the Union Finance Ministry on Thursday. The government had notified the Electoral Bond Scheme 2018 on January 2, 2018. These can be purchased by a person who is a citizen of India or incorporated or established in India. A person being an individual can b...
Centre authorises SBI to issue electoral bonds between October 1-10
Centre authorises SBI to issue electoral bonds between October 1-10
Source: IANS
29/09/2022 2:19:05 PM
Maha, Delhi top defaulters as banks` dues mount to Rs 8.58 lakh crore As banks' outstanding dues shot up to a whopping Rs 8.58 lakh crore, Maharashtra and Delhi top the list of defaulters, as per the latest official data of TransUnion CIBIL Ltd. The figures show that as on March 31, 2022, there were 30,359 records of borrowers with defaults of Rs one crore and above, with recovery suits filed against them by various banks, totalling to outstanding of Rs 858,396.32 crore. This amount has more than tripled since March 31, 2017 -- from 17,236 accounts ...
Maha, Delhi top defaulters as banks` dues mount to Rs 8.58 lakh crore
Maha, Delhi top defaulters as banks` dues mount to Rs 8.58 lakh crore
Source: IANS
28/09/2022 3:19:35 PM
SBI Card Announces Festive Offer 2022 New Delhi : SBI Card, India’s largest pure-play credit card issuer, has many exciting offers lined up for customers across India for the festive season 2022 from September 22, 2022 to October 31, 2022. With over 1600+ offers across online and offline merchants in tier 1, tier 2 and tier 3 cities, SBI Card aims to make shopping experience of its customers more rewarding while adding to the festive cheer. The delightful spread of offers range across a wide set of popular categories that i...
SBI Card Announces Festive Offer 2022
SBI Card Announces Festive Offer 2022
Source: PR Agency
26/09/2022 2:50:10 PM
SBI raises Rs 4,000 cr via tier 2 bonds The state-run lender on Friday (23 September 2022) announced the allotment of non-convertible, unsecured Basel III compliant Tier 2 bonds Series I of Rs 4,000 crore on private placement basis. In an exchange filing, the bank said that it has raised Rs 4,000 crore by issuing Basel III compliant unsecured, non-convertible Tier 2 bonds at a coupon rate of 7.57%. State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body. As of 30 June 202...
SBI raises Rs 4,000 cr via tier 2 bonds
SBI raises Rs 4,000 cr via tier 2 bonds
Source: Dion Global Solutions Ltd
26/09/2022 12:20:30 PM
Goa government to appoint MSTC for mining auction The Goa cabinet on Wednesday approved the appointment of MSTC e-commerce service, a Central government public sector undertaking, for e-auctioning of mining leases in the state. Chief Minister Pramod Sawant addressing mediapersons after the cabinet meeting said that the cabinet has approved the appointment of the MSTC e-commerce service for e-auction of mining leases. MSTC e-commerce is a PSU under the administrative control of the Ministry of Steel. The suspension of mining in Goa f...
Goa government to appoint MSTC for mining auction
Goa government to appoint MSTC for mining auction
Source: IANS
21/09/2022 4:27:07 PM