Banks Enter Offshore Rupee NDF Market
Banks operating from the international financial services centre (IFSC) in Gift City, Ahmedabad, traded in offshore rupee derivatives, or non-deliverable forwards (NDF) market for the first time on...
Author : Amrita Chakravorty
ICICI Bank Cuts Interest Rate on Deposits of Savings Account
Private sector lender ICICI Bank has cut interest rate on savings bank account deposits by 25 basis points (bps) to 3 per cent. The new rates will...
Gold Prices Fall Again After Slumping Rs 600 Per 10 Gram
Gold prices in India fell today, extending sharp losses of the previous session. On MCX, August gold futures fell 0.2 per cent to Rs 46,470 per 10...
HCL Technologies Share Price Down 0.27%, Today
Shares of HCL Technologies were down -0.27 per cent today on BSE, underperforming the broader Mumbai market. HCL Technologies shares traded -0.27 per cent lower at Rs...
India’s Covid-19 Fatality Rate per Lakh Population at 0.41% as Against 4.9% Globally: Govt
India’s recovery rate has improved and reached 48.07 per cent among Covid-19 patients, said Union Ministry of Health and Family Welfare on Tuesday. The recovery...
InterGlobe Posts Rs 871 Crore Loss in Jan-Mar
InterGlobe Aviation Ltd, which operates India’s largest airline IndiGo, reported a consolidated net loss of Rs 871 crore for January-March, compared with a Rs 596...
Shriram Transport Plans to Introduce Right Issue Upto Rs 2K Cr
Commercial vehicle financier Shriram Transport Finance Co. Ltd (STFC) has joined the ranks of lenders planning to raise capital and bolster balance sheets to deal...
SEBI Orders Special Audit of Franklin’s Six Debt Fund
The market regulator has ordered a special audit in the six debt schemes shut down by Franklin Templeton India. This comes after Securities and Exchange Board of...
Kotak Mahindra Bank Jumps 5% After Block Deal
Kotak Mahindra Bank Ltd’s shares has gained as much 5 per cent after a huge block deal which saw around 56 million shares changing hands in...
Net Flows in Debt MF Rebound in May by Rs 50,793 Cr
The net monthly flows in debt mutual funds rose from Rs 43,431 crore in April 2020 to Rs 94,224 crore in May 2020, according to...