RBI gave its nod for in-principle approval to Centrum Financial Services The Reserve Bank of India (RBI) granted its “in-principle” approval to the applicant – Centrum Financial Services Limited to set up a small finance bank (SFB) under the central bank’s general guidelines for ‘on tap’ licensing of small finance banks …
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The Indian equity benchmarks staged a strong recovery from intraday low levels and snapped their two-day losing streak as late buying in Reliance Industries, HDFC Bank, Bajaj Finance, Hindustan Unilever and Infosys helped negate selling pressure in State Bank of India, Mahindra & Mahindra, NTPC and ONGC. The Sensex recovered …
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Digital payments firm Paytm is seeking shareholder approval to sell up to Rs 12,000 crore in new stock in what could be the South Asian country’s biggest-ever initial public offering at a total of $3 billion. Paytm, which counts China’s Alibaba and Japan’s SoftBank as backers, will sell new shares …
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Financial investments could be rewarding as well as risky. So, it’s always wise to do extensive research on the risk-reward ratio before investing in any instrument. Based on the risk factors, investments can be broadly classified into three categories — equity, debt, and hybrid funds. But it’s not only the …
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Share price of Novartis India declined around six per cent on Friday, June 18, a day after the pharmaceutical company announced its January-March quarter results for the financial year 2020-21. On Friday, Novartis India opened on the BSE at Rs 881, swinging to an intra day high of Rs …
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Sensex, Nifty Updates: As of 2:42 pm, Sensex was down 0.13 per cent or 70 points at 52,252 The Indian equity benchmarks staged a strong recovery from intraday low levels and were trading on a flat note with a negative bias afternoon trading as late buying in Reliance Industries, HDFC …
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Securing your financial future is very critical, and while there are several options available that will generate adequate returns, ETFs and mutual funds are the more popular ones. At a glance, both options look very similar but on close analysis, it can be found that both are different. The …
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Krishna Institute of Medical Sciences IPO: Share sale of Krishna Institute of Medical Sciences (KIMS) via initial public offering (IPO) was oversubscribed on the final day of the issue. Krishna Institute of Medical Sciences IPO was subscribed 1.58 times till 2:05 pm, data from the National Stock Exchaneg showed. …
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The brokerage house said the economy may gain traction only from the second half The Indian economy may have contracted 12 per cent in the June quarter due to lockdowns imposed by the states in April and May to contain the second wave of the deadly Covid-19 pandemic, according to …
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India VIX index, the gauge of expected volatility in the market spiked 7 per cent. The Indian equity benchmarks extended losses in mid-morning deals on the back of a broad-based selling pressure on account of profit booking. The Sensex fell as much as 722 points at the day’s lowest level …
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