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India`s energy storage capacity poised for 12-fold leap by 2032: SBI India's energy storage capacity is expected to shoot up 12-fold to around 60 GW by 2031-32 which would play a key role in stabilising the power grid as the country transitions to renewable energy, according to an SBI Research report.  The country's energy storage landscape is evolving rapidly, with the proportion of renewable energy (RE) projects incorporating storage solutions recording a significant increase from 5 per cent in FY20 to 23 per cent in FY24, the report said. ...
India`s energy storage capacity poised for 12-fold leap by 2032: SBI
India`s energy storage capacity poised for 12-fold leap by 2032: SBI
Source: IANS
2024-12-19 12:35:52 pm
CPI inflation to average 4.8 per cent in 2024-25: SBI report CPI inflation is likely to average 4.8 per cent with an upward bias for the full financial year 2024-25 as evolving food prices play a key role, according to an SBI report. “With continuous moderation in fuel prices (fuel and light inflation is in negative territory for the last 15 consecutive months), inflation is currently being driven by food price only,” the report states. “We expect RBI to cut rates in February 2025 by a cumulative 75 bps over the rate cut cycles ...
CPI inflation to average 4.8 per cent in 2024-25: SBI report
CPI inflation to average 4.8 per cent in 2024-25: SBI report
Source: IANS
2024-12-14 05:03:58 pm
Centre issues 1.3 crore Digital Life Certificates to pensioners in Campaign 3.0 The Centre's Department of Pensions and Pensioners' Welfare has successfully concluded its Campaign 3.0 with the issuing of 1.30 crore Digital Life Certificates pensioners, according to an official statement released on Sunday.  This initiative, launched to simplify life digital life certificate submissions, particularly for super senior pensioners, has set significant milestones by leveraging innovative technologies and widespread collaboration with all the stakeholders, the ...
Centre issues 1.3 crore Digital Life Certificates to pensioners in Campaign 3.0
Centre issues 1.3 crore Digital Life Certificates to pensioners in Campaign 3.0
Source: IANS
2024-12-02 08:48:24 am
Muthoot Microfin gains on initiating loan disbursals under co-lending partnership with SBI Muthoot Microfin is currently trading at Rs. 187.35, up by 0.30 points or 0.16% from its previous closing of Rs. 187.05 on the BSE. The scrip opened at Rs. 187.05 and has touched a high and low of Rs. 190.00 and Rs. 185.75 respectively. So far 7340 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 280.80 on 26-Dec-2023 and a 52 week low of Rs. 181.10 on 21-Nov-2024. Last one week high and low of the scrip stood a...
Muthoot Microfin gains on initiating loan disbursals under co-lending partnership with SBI
Muthoot Microfin gains on initiating loan disbursals under co-lending partnership with SBI
Source: Accord Fintech
2024-11-26 03:13:02 pm
Sensex surges 855 pts despite geo-political tensions, PSU bank stocks shine The Indian stock market was trading in the green on Friday despite geopolitical tensions as heavy buying was seen in the PSU bank shares. Nifty PSU Bank was trading with a gain of 2.88 per cent.  At around 12:17 p.m., Sensex was trading at 78,010.82 after gaining 855.03 points or 1.11 per cent, while the Nifty was trading at 23,620.95 after gaining 271.05 points or 1.16 per cent. The market trend remained positive. On the National Stock Exchange (NSE), 1725 stocks were trading in g...
Sensex surges 855 pts despite geo-political tensions, PSU bank stocks shine
Sensex surges 855 pts despite geo-political tensions, PSU bank stocks shine
Source: IANS
2024-11-22 01:57:24 pm
Over 77 lakh Digital Life Certificates issued to ease life for pensioners: Centre he Centre’s campaign to ease life for pensioners has made considerable progress with over 77 lakh Digital Life Certificates (DLCs) being issued to them nationwide by the end of second week of its launch, it was announced on Monday.  As many as 1,77,153 pensioners covered under the Digital Life Certificate (DLC) Campaign 3.0 are above 90 years old while 17,212 pensioners are in the 80–90 years category, according to an official statement. Advanced authentication methods ...
Over 77 lakh Digital Life Certificates issued to ease life for pensioners: Centre
Over 77 lakh Digital Life Certificates issued to ease life for pensioners: Centre
Source: IANS
2024-11-18 12:31:14 pm
India sees 74 pc drop in income disparity since AY15, direct tax collection highest in 14 years There has been a cumulative 74.2 per cent decline in income disparity coverage for those earning up to Rs 5 lakh in India, showing that the continuous efforts of government are reaching the bottom of pyramid, leading to increase in income of ‘lower income group’ people, a new report has revealed.  A comparison of disparity in income during assessment year (AY)15 and AY24 by the economic department of the State Bank of India (SBI) showed that there is a clear rightward shif...
India sees 74 pc drop in income disparity since AY15, direct tax collection highest in 14 years
India sees 74 pc drop in income disparity since AY15, direct tax collection highest in 14 years
Source: IANS
2024-10-26 11:31:19 am
Record 12.3 pc increase in AUM of mutual funds industry in July-Sep  Asset under management (AUM) of mutual funds surged by a record 12.3 per cent to Rs 66.2 lakh crore in the July-September period in the country. This is the largest quarterly increase in mutual fund assets in the last five years in India.  The average assets under management in the April-June period in 2024 was Rs 59 lakh crore. According to experts, "the latest surge in AUM is due to the rally in the stock market and record investment in equity schemes." Benchma...
Record 12.3 pc increase in AUM of mutual funds industry in July-Sep
Record 12.3 pc increase in AUM of mutual funds industry in July-Sep
Source: IANS
2024-10-08 04:44:37 pm
SEBI clears NSDL IPO; IDBI Bank, SBI to sell stakes in OFS The Securities Exchange Board of India (SEBI) has cleared the initial public offering (IPO) of India's largest depository, the National Securities Depository Ltd (NSDL).  The market watchdog issued an observation on Sept 30, for the company's public offering. In SEBI's parlance, obtaining the observation letter means its go-ahead to float the public issue. The issue of the Mumbai-based securities depository will consist only of an offer for sale component. According ...
SEBI clears NSDL IPO; IDBI Bank, SBI to sell stakes in OFS
SEBI clears NSDL IPO; IDBI Bank, SBI to sell stakes in OFS
Source: IANS
2024-10-08 01:54:33 pm
State-owned PFC raises largest-ever foreign currency term loan of $1.2 billion State-owned Power Finance Corporation (PFC) on Friday said it has secured the largest-ever foreign currency term loan of $1.265 billion from banks in IFSC GIFT City, Gandhinagar.  The loan, at an average rate of 4.21 per cent per annum, will be used to finance non-thermal generation projects, promoting green energy transition, said PFC, a Maharatna company and leading NBFC in the Indian power and infrastructure sector. According to the Ministry of Power, the loan will primarily be ...
State-owned PFC raises largest-ever foreign currency term loan of $1.2 billion
State-owned PFC raises largest-ever foreign currency term loan of $1.2 billion
Source: IANS
2024-10-05 08:53:44 am
Working-age Indian population rising: SBI Research SBI Research in its latest report has said that the working-age population in India has witnessed an increasing trend since 1971 and is projected to reach 64.4 per cent in the soon-to-be exercised Census. the report asserted that It will further increase to 65.2 per cent in 2031. The working age population, people in the age bracket of 15-59, rose from 55.4 per cent in 1991, to 56.9 per cent in 2001, 60.7 per cent in 2021. Further, it said the average annual growth is on a downward trajectory...
Working-age Indian population rising: SBI Research
Working-age Indian population rising: SBI Research
Source: Accord Fintech
2024-09-25 10:12:19 am
SBI trades marginally higher on raising Rs 7,500 crore through bonds State Bank Of India is currently trading at Rs. 794.35, up by 2.00 points or 0.25% from its previous closing of Rs. 792.35 on the BSE. The scrip opened at Rs. 794.15 and has touched a high and low of Rs. 801.25 and Rs. 793.00 respectively. So far 114525 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 912.10 on 03-Jun-2024 and a 52 week low of Rs. 543.15 on 26-Oct-2023. Last one week high and low of the scrip sto...
SBI trades marginally higher on raising Rs 7,500 crore through bonds
SBI trades marginally higher on raising Rs 7,500 crore through bonds
Source: Accord Fintech
2024-09-19 10:37:05 am
India`s SBI to focus on small deposits to boost liquidity, MD says  State Bank of India, the nation’s largest lender by assets, will focus on so-far neglected small-ticket deposits to boost liquidity, the managing director announced on Wednesday. Indian lenders have been grappling with liquidity pressure as deposits growth has lagged loan growth in the last few quarters. "We are focusing on the small-value, small-ticket accounts to raise deposits," Managing Director Ashwini Kumar Tewari said at an event in Mumbai. The lender wil...
India`s SBI to focus on small deposits to boost liquidity, MD says
India`s SBI to focus on small deposits to boost liquidity, MD says
Source: Reuters
2024-08-28 05:37:34 pm
SBI sees India`s Q1 GDP growth at 7.1 per cent with farm sector bouncing back  The Indian economy is expected to grow at 7.1 per cent in the first quarter (April-June) of the current financial year with the farm sector posting a robust performance, according to a report by SBI Research.  The estimate is in line with the RBI's projection for India's GDP growth of 7.2 per cent for 2024-25 with growth for Q1 expected at 7.1 per cent, Q2 at 7.2 per cent, Q3 at 7.3 per cent, and Q4 at 7.2 per cent. SBI Research, in its latest Ecowrap report, observed...
SBI sees India`s Q1 GDP growth at 7.1 per cent with farm sector bouncing back
SBI sees India`s Q1 GDP growth at 7.1 per cent with farm sector bouncing back
Source: IANS
2024-08-27 09:01:47 am
Stock of the day : State Bank of India Ltd For Target Rs. 35 - Religare Broking State Bank of India Ltd * SBIN has remained under pressure after it failed to surpass the all-time high resistance level. * It has witnessed a breakdown from a bearish pennant pattern with noticeable volumes. * It also slipped below its medium term moving average adding further confirmation to the tone. * We thus recommend creating shorts through the Put option.   Buy State Bank of India Ltd CMP 18.00 Range 17-18 SL 10 Target&...
Stock of the day : State Bank of India Ltd For Target Rs. 35 - Religare Broking
Stock of the day : State Bank of India Ltd For Target Rs. 35 - Religare Broking
Source: Religare Broking
2024-08-14 11:08:20 am
Sensex trades higher, smallcap and midcap stocks under pressure The Indian equity indices opened higher on Wednesday as smallcap and midcap stocks saw some pressure in the morning trade.  At 9:47 a.m., Sensex was up 154 points or 0.20 per cent at 79,110 and Nifty was up 23 points or 0.10 per cent at 24,162. Selling was seen in the midcap and smallcap stocks. Nifty midcap 100 index is down 167 points or 0.29 per cent at 56,714 and Nifty small 100 index is down 72 points or 0.40 per cent at 18,131. Among the sectoral indices, Auto, IT, PSU Ban...
Sensex trades higher, smallcap and midcap stocks under pressure
Sensex trades higher, smallcap and midcap stocks under pressure
Source: IANS
2024-08-14 10:27:20 am
NPS has made pension accessible to everyone: PFRDA Chairman Pension Fund Regulatory and Development Authority (PFRDA) Chairman Deepak Mohanty on Friday said that the National Pension System (NPS) has made pension accessible to everyone in the country.    “Previously, pensions were a benefit exclusive to government employees. However, with the introduction of the NPS, this benefit is now accessible to everyone,” the PFRDA Chairman said while addressing an interactive session on the NPS for the corporates in Jaipur which was org...
NPS has made pension accessible to everyone: PFRDA Chairman
NPS has made pension accessible to everyone: PFRDA Chairman
Source: IANS
2024-08-10 10:14:30 am
Godrej Properties surges on emerging as highest bidder for 2 land parcels in Greater Noida Godrej Properties is currently trading at Rs. 2938.00, up by 61.65 points or 2.14% from its previous closing of Rs. 2876.35 on the BSE. The scrip opened at Rs. 2900.00 and has touched a high and low of Rs. 2975.00 and Rs. 2900.00 respectively. So far 12506 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3400.00 on 16-Jul-2024 and a 52 week low of Rs. 1496.40 on 14-Aug-2023. Last one week high and low of the scri...
Godrej Properties surges on emerging as highest bidder for 2 land parcels in Greater Noida
Godrej Properties surges on emerging as highest bidder for 2 land parcels in Greater Noida
Source: Accord Fintech
2024-08-09 03:16:25 pm
SBI declines despite its consolidated net profit rises 5% at Rs 19680 crore in Q1 State Bank of India is currently trading at Rs. 827.90, down by 20.00 points or 2.36% from its previous closing of Rs. 847.90 on the BSE. The scrip opened at Rs. 827.05 and has touched a high and low of Rs. 831.40 and Rs. 817.85 respectively. So far 641198 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 912.10 on 03-Jun-2024 and a 52 week low of Rs. 543.15 on 26-Oct-2023. Last one week high and low of the scrip ...
SBI declines despite its consolidated net profit rises 5% at Rs 19680 crore in Q1
SBI declines despite its consolidated net profit rises 5% at Rs 19680 crore in Q1
Source: Accord Fintech
2024-08-05 11:59:17 am
SBI posts marginal increase in Q1 net profit at Rs 17,035 crore State Bank of India (SBI) on Saturday reported a standalone net profit of Rs 17,035 crore for the April-June quarter of 2024-25 which was a mere 0.9 per cent increase over the corresponding figure of Rs 16,884.3 crore for the same quarter of the previous year. The asset quality of the country’s largest lender showed some improvement with its gross non-performing assets (NPA) ratio of the bank at 2.21 per cent of total loans as of June 30, as compared to 2.76 per cent as of June 30, 2...
SBI posts marginal increase in Q1 net profit at Rs 17,035 crore
SBI posts marginal increase in Q1 net profit at Rs 17,035 crore
Source: IANS
2024-08-03 04:29:34 pm
Adani Logistics, SBI among industrial partners for Telangana Skill University Adani Logistics, O9 Solutions, Dr Reddy’s Labs, State Bank of India (SBI), National Academy of Construction (NAC), Retailers Association of India, and Telangana VFX, Animation and Gaming Association will be the industry partners for Telangana's Skill University, the state Assembly was informed on Thursday.   The Assembly passed the Young India Skill University Telangana (Public-Private Partnership) Bill, 2024, setting the stage for setting up of the institution which will eq...
Adani Logistics, SBI among industrial partners for Telangana Skill University
Adani Logistics, SBI among industrial partners for Telangana Skill University
Source: IANS
2024-08-02 09:42:24 am
SBI Life Insurance Company soras on reporting 36% rise in Q1 net profit SBI Life Insurance Company is currently trading at Rs. 1680.00, up by 45.90 points or 2.81% from its previous closing of Rs. 1634.10 on the BSE. The scrip opened at Rs. 1649.45 and has touched a high and low of Rs. 1683.80 and Rs. 1648.45 respectively. So far 11914 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,683.80 on 25-Jul-2024 and a 52 week low of Rs. 1251.30 on 03-Aug-2023. Last one week high and low ...
SBI Life Insurance Company soras on reporting 36% rise in Q1 net profit
SBI Life Insurance Company soras on reporting 36% rise in Q1 net profit
Source: Accord Fintech
2024-07-25 10:27:08 am
SBI hikes lending rates The country’s largest lender State Bank of India (SBI) has raised its benchmark marginal cost of lending rate (MCLR) by 5-10 basis points with effect from Monday (July 15). Interest rates on loans linked to MCLR are also likely to go up following the hike. The rate on loans of one-month tenure has been hiked by 5 basis points to 8.35 per cent while the MCLR on loans of three-month tenure has been hiked by 10 basis points to 8.40 per cent. One basis point is 0.01 percentage point. ...
SBI hikes lending rates
SBI hikes lending rates
Source: IANS
2024-07-15 11:20:45 am
Robust sovereign credit rating agencies need of the hour: Amitabh Kant As India embarks on its journey to become 'Viksit Bharat' by 2047, it's important that we have appropriate credit ratings and call out global agencies for biases and lack of transparency for not objectively assessing India’s strong economic fundamentals, G20 Sherpa and former NITI Aayog CEO, Amitabh Kant, said on Saturday.   Addressing the CareEdge Ratings ‘Conversations 2024’ conference in Pune, he said the notion that developing countries offer more ris...
Robust sovereign credit rating agencies need of the hour: Amitabh Kant
Robust sovereign credit rating agencies need of the hour: Amitabh Kant
Source: IANS
2024-07-13 02:54:08 pm
Hardeep Singh Puri hails SBI report, claiming four-fold job creation in 2014-24 as compared to 2004-14 Union Minister for Petroleum and Gas, Hardeep Singh Puri hailed a study by the State Bank of India (SBI), which claimed that as many as 12.5 crore jobs were created in the Indian economy during the fiscal years of 2014-24, marking a four-fold jump from the 2004-2014 period, which saw the creation of about 2.9 crore jobs.   He also expressed happiness over the Micro, Small and Medium Enterprises (MSME) registering a total employment generation of about 20 crore in the small scale indus...
Hardeep Singh Puri hails SBI report, claiming four-fold job creation in 2014-24 as compared to 2004-14
Hardeep Singh Puri hails SBI report, claiming four-fold job creation in 2014-24 as compared to 2004-14
Source: IANS
2024-07-12 10:15:20 am
Rupee weakens against US dollar on Thursday Indian rupee weakened against the US dollar on Thursday amid elevated crude oil prices weighed on investor sentiments. Traders ignored the report that labour ministry said retail inflation for industrial workers eased to 3.86 per cent in May compared to 4.42 per cent in the same month a year ago. Besides, State Bank of India (SBI) report showed that between FY14 and FY23, India generated 125 million jobs, which is 4.3 times more than the preceding decadal period of FY04-FY14. The partially...
Rupee weakens against US dollar on Thursday
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
2024-07-11 12:20:37 pm
New jobs created in Indian economy in 2014-23 jump over 4-fold compared to 2004-14: SBI study As many as 12.5 crore jobs have been created in the Indian economy during the financial years 2014-23, which represents an over four-fold jump from the 2.9 crore jobs created during 2004-14, according to a State Bank of India (SBI) study.  "Even if we exclude Agriculture, the total number of jobs created in Manufacturing and Services is at 8.9 crores during FY14-FY23 and 6.6 crores during FY04-FY14," according to the report prepared by SBI's Economic Research Department ...
New jobs created in Indian economy in 2014-23 jump over 4-fold compared to 2004-14: SBI study
New jobs created in Indian economy in 2014-23 jump over 4-fold compared to 2004-14: SBI study
Source: IANS
2024-07-11 12:13:39 pm
FSIB recommends CS Shetty as next SBI Chairman The Financial Services Institutions Bureau (FSIB) has recommended the name of Challa Sreenivasulu Setty as the Chairman of the State Bank of India (SBI), the country’s largest lender. Setty, currently the senior-most Managing Director of SBI, will replace Dinesh Kumar Khara as the Chairman when the latter’s tenure ends in August 2024. The other two MDs who were interviewed are Ashwini Kumar Tewari and Vinay M Tonse. “Keeping in view their performance in the interfac...
FSIB recommends CS Shetty as next SBI Chairman
FSIB recommends CS Shetty as next SBI Chairman
Source: IANS
2024-06-30 09:05:35 am
SBI raises Rs 10,00 crore via infrastructure bonds The country’s biggest lender State Bank of India (SBI) has raised Rs 10,000 crore through 15-year infrastructure bonds at a coupon rate of 7.36 per cent that is payable annually.  The proceeds of the bonds will be utilised in enhancing long-term resources for funding infrastructure projects such as highways and power plants and affordable housing segments, the SBI said. The issue attracted an overwhelming response from investors and was oversubscribed by around four times aga...
SBI raises Rs 10,00 crore via infrastructure bonds
SBI raises Rs 10,00 crore via infrastructure bonds
Source: IANS
2024-06-27 10:33:03 am
Workers getting better deal as share of India's formal economy rises India has succeeded in reducing the size of its the informal economy to 23.7 per cent in 2022-23 compared to 25.9 per cent in 2015-16 which works out to a growth of Rs 26 lakh crore in absolute terms in the country's formal economy, according to an SBI Research report released on Friday.  The SBI Research report stated that the Indian economy is getting formalised at a faster pace than the growth in the labour force. It cites EPFO figures to show that 65 lakh jobs were formalis...
Workers getting better deal as share of India's formal economy rises
Workers getting better deal as share of India's formal economy rises
Source: IANS
2024-06-22 09:34:14 am
SBI gains on the BSE State Bank of India is currently trading at Rs. 839.25, up by 9.35 points or 1.13% from its previous closing of Rs. 829.90 on the BSE. The scrip opened at Rs. 834.90 and has touched a high and low of Rs. 846.00 and Rs. 832.10 respectively. So far 412283 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 912.10 on 03-Jun-2024 and a 52 week low of Rs. 543.15 on 26-Oct-2023. Last one week high and low of the scrip sto...
SBI gains on the BSE
SBI gains on the BSE
Source: Accord Fintech
2024-06-10 11:56:27 am
Sensex trades flat after opening at all-time high Indian equity indices opened at an all-time high on Monday. In early trade, Sensex and Nifty made a new all-time high of 77,079 and 23,411 respectively. At 9:45 am, Sensex was at 76,703, up 9 points and Nifty was at 23,293, up 4 points. Broader markets are in an uptrend. The Nifty midcap 100 was up 230 points or 44 per cent, at 53,425 and the Nifty smallcap was up 133 points or 0.78 per cent, at 17,349. India volatility index (India VIX) is at 17.09, up nearly one per cent. Amo...
Sensex trades flat after opening at all-time high
Sensex trades flat after opening at all-time high
Source: IANS
2024-06-10 10:28:52 am
Sensex trades higher on positive global cues  Indian frontline indices opened in green on Thursday following positive global cues. At 9:50 am, Sensex was up 375 points, or 0.50 per cent, at 74,724. Nifty was up 105 points or 0.47 per cent, at 22,725. Overall market trends remain positive. Out of the total stocks, 1949 are trading in green and 209 in red. Midcap and smallcap stocks are trading with positive bias. The Nifty midcap 100 index is up 1,022 points or 1.99 per cent, at 52,285 and the Nifty smallcap 100 index is up...
Sensex trades higher on positive global cues
Sensex trades higher on positive global cues
Source: IANS
2024-06-06 10:44:30 am
Stock markets gain over Rs 12 lakh crore in single day in `rare` phenomenon The Indian stock markets gained over Rs 12 lakh crore, or 3.25 per cent, on Monday as fundamentals, technicals and sentiments turned favourable at the same time, which is a rare phenomenon, experts said.  According to analysts, Exit Polls predicting the NDA government’s return to power with a thumping majority pushed Sensex and Nifty to new highs, as another trading session witnessed buying across the Adani counter, with Adani Ports and Adani Power as the biggest gainers. &ld...
Stock markets gain over Rs 12 lakh crore in single day in `rare` phenomenon
Stock markets gain over Rs 12 lakh crore in single day in `rare` phenomenon
Source: IANS
2024-06-03 05:32:19 pm
Sensex, Nifty trade lower on negative global cues Indian equity benchmarks opened in red on Wednesday following negative global cues from Asian peers.  Sensex was down 414 points or 0.56 per cent, at 74,757 and Nifty was at 22,765, down 122 points or 0.53 per cent. Midcap and smallcap stocks are performing better compared to largecap. The Nifty midcap 100 index is down 56 points or 0.11 per cent, at 52,237 and the Nifty smallcap 100 index is up 38 points or 0.23 per cent, at 16,912 points. The overall trend in Nifty is mixed...
Sensex, Nifty trade lower on negative global cues
Sensex, Nifty trade lower on negative global cues
Source: IANS
2024-05-29 10:57:23 am
SBICAP Ventures invests in climate-tech firm Solinas to boost sanitation efforts Asset manager SBICAP Ventures Ltd on Tuesday announced investment in climate-tech company Solinas, which provides robotic and AI solutions for the water and sanitation industry, but did not disclose the sum.   The investment was made via the Neev II Fund, managed by SBICAP Ventures which is a State Bank of India (SBI) group company. Established in 2018, Solinas provides solutions with a focus on detecting defects and leakages in water and sewer pipelines, assessing their condition,...
SBICAP Ventures invests in climate-tech firm Solinas to boost sanitation efforts
SBICAP Ventures invests in climate-tech firm Solinas to boost sanitation efforts
Source: IANS
2024-05-29 09:08:21 am
Sensex, Nifty trade flat; Pharma stocks shine Indian equity benchmarks opened flat on Tuesday following sideways momentum in the market due to elections.  At 9:50 a.m., Sensex was at 75,477, up 79 points or 0.11 per cent and Nifty was up 28 points or 0.13 per cent at 22,961 points. Midcap and smallcap stocks are underperforming to large-cap. Nifty Midcap 100 index is down 91 points or 0.17 per cent, at 52,667 and Nifty Smallcap 100 index is down 14 points or 0.08 per cent, at 17,006. India volatility index (India VIX) is up...
Sensex, Nifty trade flat; Pharma stocks shine
Sensex, Nifty trade flat; Pharma stocks shine
Source: IANS
2024-05-28 10:37:51 am
Sensex flat amid negative global cues Indian equity benchmarks were trading flats on Friday, following negative global cues.  At 10.00 a.m., Sensex was at 75,318, down 99 points and Nifty was at 22,933, down 34 points. Midcap and smallcap stocks are performing better as compared to largecaps. The Nifty midcap 100 is up 47 points or 0.09 per cent, at 52,464 points and the Nifty smallcap 100 is up 70 points or 0.42 per cent, at 16,981 points. The India volatility index, India VIX is up 1.64 per cent, at 21.73 points. ...
Sensex flat amid negative global cues
Sensex flat amid negative global cues
Source: IANS
2024-05-24 10:33:41 am
Paytm launches new ad campaign to promote its core payment solutions for consumers, merchants One97 Communications Limited (OCL), which owns leading payments and financial services company Paytm, on Thursday launched a new ad campaign to enhance existing user engagement by showcasing the company’s reliable payment products and experience.  This campaign promotes UPI money transfers, Scan and Pay, pioneering Soundbox, Paytm UPI Lite wallet, Credit Card on UPI, recharges & bill payments along with other payment instruments available on the Paytm app, reflecting key foc...
Paytm launches new ad campaign to promote its core payment solutions for consumers, merchants
Paytm launches new ad campaign to promote its core payment solutions for consumers, merchants
Source: IANS
2024-05-23 03:04:43 pm
Sensex up by 110 points after a positive opening The Indian stock indices are up on Tuesday, following the positive trend in the broader market. At 9:50 a.m., Sensex was up by 110 points or 0.14 per cent at 72,887 points, and Nifty was up by 30 points or 0.14 per cent at 22,134 points. Broader markets outperformed benchmark indices. On NSE, 1,590 stocks were in the green mark and 539 stocks in the red mark. Nifty Midcap 100 Index was up by 108 points or 0.22 per cent, at 49,843 points and the Nifty Smallcap 100 Index was up by 140 ...
Sensex up by 110 points after a positive opening
Sensex up by 110 points after a positive opening
Source: IANS
2024-05-14 12:09:31 pm
SBI hiring nearly 12,000 employees for various roles, including IT: Chairman The State Bank of India (SBI) is in the process of hiring nearly 12,000 employees who will be trained for various roles, including IT, its Chairman Dinesh Khara said on Thursday. The country’s largest lender had a total employee strength of 2,32,296 in FY24, down from 2,35,858 in the previous fiscal year. "Around 11,000 to 12,000 employees are in the hiring process. These are general employees, but we actually are having a system where at our associate level and officers'...
SBI hiring nearly 12,000 employees for various roles, including IT: Chairman
SBI hiring nearly 12,000 employees for various roles, including IT: Chairman
Source: IANS
2024-05-10 10:09:13 am
India`s SBI Q4 profit jumps 24% on strong loan demand State Bank of India, the country's largest lender by assets, reported a 24% rise in its fourth-quarter profit on Thursday, aided by strong loan demand. The state-run lender's net profit rose to 206.98 billion rupees ($2.48 billion) in the quarter ended March 31, from 166.95 billion rupees a year ago. Indian banks have consistently reported strong loan growth over the past few quarters boosted by consumer spending amid firm economic growth. SBI's interest earned grew nearl...
India`s SBI Q4 profit jumps 24% on strong loan demand
India`s SBI Q4 profit jumps 24% on strong loan demand
Source: Reuters
2024-05-09 02:13:26 pm
RBI may cut repo rate only in Q3 FY25: SBI economist  The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may cut repo rate only in the third quarter of FY25 and not before, said a top economist in the State Bank of India (SBI). In a research report, Soumya Kanti Ghosh, the Group Chief Economic Advisor, also said that the RBI will not change its stance and continue with the withdrawal of accommodation. The first meeting of the MPC for this fiscal will be held this week. The repo rate is the rate at which the RB...
RBI may cut repo rate only in Q3 FY25: SBI economist
RBI may cut repo rate only in Q3 FY25: SBI economist
Source: IANS
2024-04-02 03:26:48 pm
Vedanta, Airtel, Essel among top funders of Indian political parties in last 5 years, data shows Some of India's biggest companies, including Vedanta Ltd, Bharti Airtel, RPSG Group and Essel Mining were among the country's top political funders over the last five years under a now-scrapped opaque political funding system, official data showed on Thursday. The information was made public by the Election Commission of India following an order on Monday from the country's top court, just days before a national election is due to be called. The political funding mechanism i...
Vedanta, Airtel, Essel among top funders of Indian political parties in last 5 years, data shows
Vedanta, Airtel, Essel among top funders of Indian political parties in last 5 years, data shows
Source: Reuters
2024-03-15 10:37:03 am
India`s retail inflation to remain above 5% till May: SBI Research report SBI Research in its Ecowrap report has said India’s retail inflation gauged by the Consumer Price Index (CPI) is expected to remain slightly above 5 per cent till May before declining towards 3 per cent in July. The retail inflation print is expected to stay below 5 per cent beginning November till the end of the financial year 2024-25. Retail inflation in India eased a tad in February to 5.09 per cent from 5.10 per cent the prior month, due to the deceleration of prices in all categori...
India`s retail inflation to remain above 5% till May: SBI Research report
India`s retail inflation to remain above 5% till May: SBI Research report
Source: Accord Fintech
2024-03-14 10:45:47 am
65 pc SHG members turn into Lakhpati Didis as incomes triple: SBI report The Women’s Self-Help Group (SHG) schemes are turning out to be a huge success in the rural areas resulting in a tripling of incomes with 65 per cent SHG members turning into Lakhpati Didis nationwide, according to an SBI report released on Tuesday. The report sees Lakhpati Didis emerging as a game changer by 2026-27 across most states & UTs. Highlights of the report: * Credit linkage, digital access and targeted policy measures, coupled with an unwavering sense of entrepre...
65 pc SHG members turn into Lakhpati Didis as incomes triple: SBI report
65 pc SHG members turn into Lakhpati Didis as incomes triple: SBI report
Source: IANS
2024-03-12 11:30:12 am
Indian women capable of learning AI skills and play a far better role: Arundhati Bhattacharya As skilling becomes top priority for the government in creating a talent pool for new and emerging technologies like AI in India, women in the country need to be at the forefront of learning generative AI and play a key role in shaping up new industries, Arundhati Bhattacharya, CEO and Chairperson of Salesforce India, said on Friday. Speaking to IANS, Bhattacharya who served as former chairperson of the State Bank of India (SBI), said that her advice to women professionals is that they mus...
Indian women capable of learning AI skills and play a far better role: Arundhati Bhattacharya
Indian women capable of learning AI skills and play a far better role: Arundhati Bhattacharya
Source: IANS
2024-03-08 10:14:59 am
Valuations of PSU banks turning less attractive, says brokerage The current benign credit environment has supported asset quality for PSU banks and early warning indicators give no reason to worry, Kotak Institutional Equities said in a report. Profitability has been further boosted by provision reversals and revenue recovery from bad loan resolutions. While these recoveries will likely hold up in FY2025E as well, a steady decline is inevitable thereby impacting profitability. Given the swift re-rating of valuation multiples, the brokerage has downgrad...
Valuations of PSU banks turning less attractive, says brokerage
Valuations of PSU banks turning less attractive, says brokerage
Source: IANS
2024-02-29 04:44:38 pm