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INDIAN BANKING INDUSTRY
7 of top 10 firms shed Rs 1.13 lakh cr in m-cap; Airtel, Reliance worst hitLast week observed a notable decline in market valuations, with seven out of the ten top firms witnessing a reduction of Rs 1.13 lakh crore...
Modi, Putin to visit Delhi Industrial Trade Fair ahead of BRICS SummitIndia and Russia will host the INNOPROM.India trade fair from September 9-11. Prime Ministers Narendra Modi and Vladimir Putin are expected...
Ahead of Market: 10 things that will decide stock market action on FridayIndian equities ended sharply lower on Thursday as expiry-day volatility intensified after the first monthly expiry under the Closing Aucti...
India to seek greater Japan market access for basmati rice in CEPA review:Piyush GoyalIndia will seek greater market access for basmati rice in Japan. The nation also plans to expand processed food exports during trade agreem...
Billionaire Agarwal’s Vedanta plans third rupee bond this yearVedanta plans to raise at least Rs 1,000 crore through rupee bonds with maturities of three to seven years, mainly to refinance debt. It wo...
Sensex sharply tumbles 500 points on first monthly expiry after CAS, Nifty closes below 24,100. What lies ahead?Indian equities fell sharply on Thursday, erasing gains during the first monthly expiry under the new closing auction session. Sensex dropp...
EAC-PM paper suggests consolidation of banks of equal size without compromising market competitionThe Economic Advisory Council to the Prime Minister proposed consolidating Indian banks into larger, equally sized entities. This consolida...
Sensex falls 183 points, Nifty closes below 24,250 as market erases all morning gains. What lies ahead?The Indian stock markets experienced a shift, dropping from earlier gains with both Sensex and Nifty closing lower. Key decliners included ...
India has fixed its PSU banks. Now comes the more ambitious partThe EAC-PM has proposed consolidating India’s public sector banks into a few large, comparable institutions to meet rising credit demand an...
Home loan portfolio set to cross Rs 10 lakh cr milestone this quarter: SBI ChairmanThe mortgage portfolio of State Bank of India is set to hit a monumental Rs 10 lakh crore this quarter, highlighting its robust role in the...
India adds 1.26 million credit cards in July as spending rises; HDFC, SBI lead the wayhealthy demand Industry card additions rise 11.5% over June; Card spends hold above ₹2 lakh-crore mark; Transaction volumes surge but the v...
EAC moots consolidation to create a few large banksIndia needs to consolidate banks into a few large entities. This consolidation aims to meet rising credit needs for Viksit Bharat by 2047. ...
Karnataka to establish Rs 12-crore AI Centre of Excellence at Raichur IIIT: MB PatilAt a conference organised by the Indian chapter of the American Chamber of Commerce in Bengaluru, Patil said that US companies to expand th...
RBI proposal to curb NBFCs' revolving credit may choke MSME funding, says industry body FISMEFISME has urged the RBI to reconsider its proposal to bar NBFCs from offering revolving credit, warning that a blanket ban could disrupt wo...
India's exports to Iran set to fall further due to Dubai halt, US sanctionsNew U.S. sanctions and UAE trade suspension may disrupt Indian exports to Iran. Rice, tea, and pharmaceutical shipments routed through Duba...
Stocks in news: Reliance Industries, Bank of Baroda, Power Grid, NATCO Pharma and JSW InfraIndian equity markets closed largely unchanged on Friday, August 21, after a volatile trading session. Several companies, including Relianc...
Wave of mass market credit cards erodes foreign majors’ baseStandard Chartered and DBS Bank India recorded the sharpest contractions. The former's card base fell 28% to 581,000, a fall of 227,000 car...