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The Reserve Bank on Friday extended the regulatory restrictions on Punjab and Maharashtra Cooperative (PMC) Bank by another six months till December 2021 to enable the completion of its takeover by Centrum Financial Services. Paving the way for takeover of the crisis-ridden bank, the RBI had earlier in the month …

India GDP Data 2022: The country’s GDP may contract by 9.1 per cent if vaccinations targets aren’t met The Indian economy is likely to grow by 9.6 per cent in the current fiscal year 2021-22, according to credit rating agency India Ratings and Research (Ind-Ra). The company trimmed its projection …

The Indian equity benchmarks gained for second straight session on Friday led by gains in banking and financial services shares. The benchmarks traded in a narrow band in the first half of trade and jumped in noon deals on the back of gains in ICICI Bank, Axis Bank, Infosys, State …

Shares of Bank of Maharashtra were last trading 0.40 per cent higher at Rs 25.20 on BSE. Share price of Bank of Maharashtra edged higher by around one per cent on Friday, June 25, after receiving shareholders’ approval to raise up to Rs 5,000 crore equity capital through various modes. On …

Shares of the Chandigarh-based textile company – Deepak Spinners – were locked in 20 per cent upper circuit at fresh 52-week high of Rs 201.90 on the BSE a day after ace investor Dolly Khanna picked 1.06 per cent stake in the company. Dolly Khanna bought 76,555 shares in an …

Shares of ONGC were last trading 0.37 per cent lower at Rs 121.60 on the BSE. Share price of Oil and Natural Gas Corporation (ONGC) edged lower by around one per cent on Friday, June 25, after the state-owned crude oil producer announced its January-March quarter results for the financial year …

  At 9:20 am, the BSE Sensex was trading at 52,823.77, higher by 131.77 points The domestic markets have started the last trading day of the week on a positive note, continuing with the gains witnessed in the previous session. At 9:20 am, the BSE Sensex was trading at 52,823.77, …

HCC Q4 Earnings: The company’s net profit declined 49 per cent in the March quarter Hindustan Construction Company (HCC) announced its January-March quarter results for the financial year 2020-21, reporting a net profit of Rs 157.28 crore, down 49 per cent on a year-on-year basis. The Mumbai-headquartered construction company reported …

Maximum hike in the license fee is for the five-star hotels The New Delhi Municipal Council (NDMC) has increased by up to seven per cent the annual fees for grant and renewal of various trades licenses for 2021-22, including those for hotels, restaurants, coffee shops, lodging houses and sweet shops, …

Rupee Vs Dollar Today: The rupee settled at 74.18 against the dollar Registeing gains for the second straight session, the rupee rose nine paise higher against the US dollar on Thursday, June 24, to settle at 74.18 (provisional), driven by a rally in domestic equities and a weaker American currency. At the …