Future Retail Share Soars 4% After Kishore Biyani Withdraws Resignation
On March 16, Future Retail shares traded 4% higher after the Company’s Director and Executive Chairman, Kishore Biyani, withdrew his resignation, presented on January 23....
Tag : RBI
Bhopal Gas Tragedy: Supreme Court Rejects Centre’s Petition for Additional Compensation for Victims
The Centre suffered a major setback as the Supreme Court today rejected its request for more compensation from Union Carbide for the 1984 Bhopal gas...
Financial Services Index Outperforms Nifty in 10 Years
Every investor is looking for outperformance and consistent outperformance on exchanges. Given India’s growth and demographics, the financial services industry may offer such opportunities for...
IndusInd Bank Rises 5% on Report RBI Approves Increase in Hinduja Group Stake
IndusInd Bank shares rose 5% to Rs 1,130 on the BSE in Friday’s intra-day trade on reports that the Hinduja Group is looking to raise...
Indian Inflation Likely to Decrease 5% in 2023: IMF
Inflation in India is predicted to come down from 6.8% in the present fiscal year ending March 31 to 5% the next fiscal year, dropping...
Hinduja Group Buys Debt-Laden Reliance Capital for Rs 9,500 Crore
On Friday, IndusInd Bank promoter Hinduja Group tried to revise its bid for debt-laden Reliance Capital to Rs 9,500 crore, with an upfront cash outlay...
BSE MidCap, SmallCap Indices Turn Negative So Far in 2022, 6 Out of 7 Sessions in Red
India’s broader indexes, BSE Midcap and BSE Smallcap have turned negative, with losses in six of seven sessions as global stocks fell. The BSE Midcap...
Sensex Rises More Than 260 Points, Snaps Two-Day Losing Streak
India’s benchmark index reversed a two-day losing streak to surge higher in early trade on Thursday, tracking gains in global equities following robust US economic...
RBI Revises Securitisation Norms
Securitisation is the conversion of assets, primarily loans, into securities, usually by selling them to other lenders to raise cash. Hence, in India, securitisation is...
RBI Fines The Parwanoo Urban Cooperative Bank for Violations
On November 21, the Reserve Bank of India (RBI) fined The Parwanoo Urban Cooperative Bank Ltd, Parwanoo Himachal Pradesh, Rs 3 lakh for breaching certain...