Nirmala Sitharaman Says Banks Have Sufficient Liquidity
Business | Edited by Sandeep Singh (with inputs from agencies) | Monday October 14, 2019
Finance Minister Nirmala Sitharaman said on Monday that there is sufficient liquidity in the banking system. Addressing the media after a meeting with chiefs of public sector banks, the Finance Minister said banks have been asked to provide a bill discounting facility to the micro, small and medium enterprises (MSME) sector against dues from large ...
Sensex Ends 87 Points Higher As Markets Extend Losses To Second Day: Highlights
Business | Edited by Sandeep Singh (with inputs from agencies) | Monday October 14, 2019
Stock market updates: The S&P BSE Sensex index climbed as much as 386.61 points to touch 38,513.69 during the session, and the broader NSE Nifty benchmark moved to as high as 11,420.45, up 115.4 points from the previous close.
PMC Bank Crisis: RBI To Keep Depositors On Top Priority, Says Nirmala Sitharaman
Business | Reported by Purva Chitnis, Edited by Sandeep Singh (with inputs from agencies) | Saturday October 12, 2019
PMC Bank is facing a crisis after an alleged scam worth Rs 4,500 crore came to light last month. The cooperative bank had allegedly lent over 70 per cent of its loans worth Rs 9,000 crore to near-bankrupt realty player HDIL.
Sensex Ends 247 Points Higher, Nifty Settles At 11,301: Highlights
Business | Edited by Sandeep Singh (with inputs from agencies) | Friday October 11, 2019
Sensex, Nifty market updates: The S&P BSE Sensex index rose as much as 465.01 points to touch 38,345.41 during the session, and the broader NSE Nifty benchmark climbed to as high as 11,362.90, up 128.35 points from its previous close. The markets reversed direction as the banking and financial services sectors erased early gains in the first half o...
Sensex Ends 298 Points Lower, Nifty Gives Up 11,250: Highlights
Business | Edited by Sandeep Singh (with inputs from agencies) | Thursday October 10, 2019
LIVE market updates (Sensex, Nifty today): The Sensex index fell as much as 375.02 points to hit 37,802.93 on the downside in afternoon deals, and the broader NSE Nifty benchmark slid to 11,208.55, down 104.75 points from the previous close. Losses in banking and financial services stocks pulled the markets lower however gains in infrastructure and...
Financial Markets To Remain Closed Today For Dussehra
Business | Edited by Sandeep Singh (with inputs from agencies) | Tuesday October 8, 2019
Dussehra 2019: Trading in the equity, debt and currency markets will resume on Wednesday, October 8. TCS will kick off the earnings season by reporting its financial performance in the September quarter on Thursday. Infosys will post its results the next day. The government is due to release data on industrial production on Friday.
Sensex Ends 141 Points Lower As Markets Extend Losses To Sixth Day: Highlights
Business | Edited by Sandeep Singh (with inputs from agencies) | Monday October 7, 2019
Market updates: The S&P BSE Sensex index traded in the positive territory for the most part of the session, gaining 246.16 points to touch 37,919.47 at the days highest mark, but could not sustain those gains. The 30-scrip index plunged as much as 438.94 points to hit 37,480.53 on the downside before paring some of those losses by the end of the se...
Sensex, Nifty Suffer Weekly Loss Of Nearly 3%: Highlights
Business | Edited by Sandeep Singh (with inputs from agencies) | Friday October 4, 2019
Sensex, Nifty market updates: The S&P BSE Sensex reversed direction in the second half of the session, plunging as much as 770.18 points to hit 37,633.36 on the downside after the Reserve Bank of India reduced the key interest rates to the lowest level in nine years. The broader NSE Nifty benchmark - which climbed to as high as 11,400.3 in morning...
RBI May Announce Fifth Rate Cut Of The Year Today: 10 Things To Know
Business | Edited by Sandeep Singh (with inputs from agencies) | Friday October 4, 2019
The Reserve Bank of India will in the next few hours reveal the outcome of its fourth bi-monthly policy review. Many economists expect the six-member Monetary Policy Committee, chaired by the central bank Governor Shaktikanta Das, to once again lower the key interest rates, given the consumer inflation reading remaining well within the RBI's medium...
Sensex Ends 199 Points Lower As Markets Extend Losses To Fourth Day: Highlights
Business | Edited by Sandeep Singh (with inputs from agencies) | Thursday October 3, 2019
Market updates (Sensex, Nifty): The S&P BSE Sensex index fell as much as 347.85 to hit 37,957.56 on the downside during the session, before trimming some of those losses by the end of the session. The broader NSE Nifty benchmark moved to as low as 11,257.35, down 102.55 points from the previous close.
Banking System Safe And Stable, No Need To Panic: RBI
Business | Edited by Sandeep Singh (with inputs from agencies) | Wednesday October 2, 2019
The Reserve Bank of India (RBI) said on Tuesday that the country's banking system is "safe and stable" and there is no need to panic. The assurance from the central bank came on a day a selloff in the banking and financial services sectors led to a 1 per cent decline in the stock markets, after a crisis at PMC Bank renewed concerns about the health...
Petrol, Diesel Prices Kept Unchanged Today. Check Latest Rates Here
Business | Edited by Sandeep Singh (with inputs from agencies) | Wednesday October 2, 2019
Petrol diesel price: The domestic rates of petrol and diesel are adjusted taking into account factors such as global crude oil prices and the rupee-dollar foreign exchange rates.
Financial Markets To Remain Closed Today For Mahatma Gandhi Jayanti
Business | Edited by Sandeep Singh (with inputs from agencies) | Wednesday October 2, 2019
Trading in the equity, debt and currency markets will resume on Thursday, October 3.
Sensex Ends 362 Points Lower, Nifty Holds 11,350: Highlights
Business | Edited by Sandeep Singh (with inputs from agencies) | Tuesday October 1, 2019
Sensex, Nifty market updates: The broader NSE Nifty benchmark slumped as much as 226.55 points to hit 11,247.90 at the lowest level of the day. The Sensex dropped to as much as 37,941.20 during the session, down 726.13 points from its previous close.
IRCTC Initial Public Offer To Open Today. Should You Subscribe?
Business | Edited by Sandeep Singh (with inputs from agencies) | Monday September 30, 2019
IRCTC IPO today: After the IPO, Government of India's holding in IRCTC will come down to 87.40 per cent. The IPO will close for subscription on October 3.The offer size in terms of amount makes it the highest among all the railway offerings till date.
Nirmala Sitharaman Says Banks Have Sufficient Liquidity
Business | Edited by Sandeep Singh (with inputs from agencies) | Monday October 14, 2019
Finance Minister Nirmala Sitharaman said on Monday that there is sufficient liquidity in the banking system. Addressing the media after a meeting with chiefs of public sector banks, the Finance Minister said banks have been asked to provide a bill discounting facility to the micro, small and medium enterprises (MSME) sector against dues from large ...
Sensex Ends 87 Points Higher As Markets Extend Losses To Second Day: Highlights
Business | Edited by Sandeep Singh (with inputs from agencies) | Monday October 14, 2019
Stock market updates: The S&P BSE Sensex index climbed as much as 386.61 points to touch 38,513.69 during the session, and the broader NSE Nifty benchmark moved to as high as 11,420.45, up 115.4 points from the previous close.
PMC Bank Crisis: RBI To Keep Depositors On Top Priority, Says Nirmala Sitharaman
Business | Reported by Purva Chitnis, Edited by Sandeep Singh (with inputs from agencies) | Saturday October 12, 2019
PMC Bank is facing a crisis after an alleged scam worth Rs 4,500 crore came to light last month. The cooperative bank had allegedly lent over 70 per cent of its loans worth Rs 9,000 crore to near-bankrupt realty player HDIL.
Sensex Ends 247 Points Higher, Nifty Settles At 11,301: Highlights
Business | Edited by Sandeep Singh (with inputs from agencies) | Friday October 11, 2019
Sensex, Nifty market updates: The S&P BSE Sensex index rose as much as 465.01 points to touch 38,345.41 during the session, and the broader NSE Nifty benchmark climbed to as high as 11,362.90, up 128.35 points from its previous close. The markets reversed direction as the banking and financial services sectors erased early gains in the first half o...
Sensex Ends 298 Points Lower, Nifty Gives Up 11,250: Highlights
Business | Edited by Sandeep Singh (with inputs from agencies) | Thursday October 10, 2019
LIVE market updates (Sensex, Nifty today): The Sensex index fell as much as 375.02 points to hit 37,802.93 on the downside in afternoon deals, and the broader NSE Nifty benchmark slid to 11,208.55, down 104.75 points from the previous close. Losses in banking and financial services stocks pulled the markets lower however gains in infrastructure and...
Financial Markets To Remain Closed Today For Dussehra
Business | Edited by Sandeep Singh (with inputs from agencies) | Tuesday October 8, 2019
Dussehra 2019: Trading in the equity, debt and currency markets will resume on Wednesday, October 8. TCS will kick off the earnings season by reporting its financial performance in the September quarter on Thursday. Infosys will post its results the next day. The government is due to release data on industrial production on Friday.
Sensex Ends 141 Points Lower As Markets Extend Losses To Sixth Day: Highlights
Business | Edited by Sandeep Singh (with inputs from agencies) | Monday October 7, 2019
Market updates: The S&P BSE Sensex index traded in the positive territory for the most part of the session, gaining 246.16 points to touch 37,919.47 at the days highest mark, but could not sustain those gains. The 30-scrip index plunged as much as 438.94 points to hit 37,480.53 on the downside before paring some of those losses by the end of the se...
Sensex, Nifty Suffer Weekly Loss Of Nearly 3%: Highlights
Business | Edited by Sandeep Singh (with inputs from agencies) | Friday October 4, 2019
Sensex, Nifty market updates: The S&P BSE Sensex reversed direction in the second half of the session, plunging as much as 770.18 points to hit 37,633.36 on the downside after the Reserve Bank of India reduced the key interest rates to the lowest level in nine years. The broader NSE Nifty benchmark - which climbed to as high as 11,400.3 in morning...
RBI May Announce Fifth Rate Cut Of The Year Today: 10 Things To Know
Business | Edited by Sandeep Singh (with inputs from agencies) | Friday October 4, 2019
The Reserve Bank of India will in the next few hours reveal the outcome of its fourth bi-monthly policy review. Many economists expect the six-member Monetary Policy Committee, chaired by the central bank Governor Shaktikanta Das, to once again lower the key interest rates, given the consumer inflation reading remaining well within the RBI's medium...
Sensex Ends 199 Points Lower As Markets Extend Losses To Fourth Day: Highlights
Business | Edited by Sandeep Singh (with inputs from agencies) | Thursday October 3, 2019
Market updates (Sensex, Nifty): The S&P BSE Sensex index fell as much as 347.85 to hit 37,957.56 on the downside during the session, before trimming some of those losses by the end of the session. The broader NSE Nifty benchmark moved to as low as 11,257.35, down 102.55 points from the previous close.
Banking System Safe And Stable, No Need To Panic: RBI
Business | Edited by Sandeep Singh (with inputs from agencies) | Wednesday October 2, 2019
The Reserve Bank of India (RBI) said on Tuesday that the country's banking system is "safe and stable" and there is no need to panic. The assurance from the central bank came on a day a selloff in the banking and financial services sectors led to a 1 per cent decline in the stock markets, after a crisis at PMC Bank renewed concerns about the health...
Petrol, Diesel Prices Kept Unchanged Today. Check Latest Rates Here
Business | Edited by Sandeep Singh (with inputs from agencies) | Wednesday October 2, 2019
Petrol diesel price: The domestic rates of petrol and diesel are adjusted taking into account factors such as global crude oil prices and the rupee-dollar foreign exchange rates.
Financial Markets To Remain Closed Today For Mahatma Gandhi Jayanti
Business | Edited by Sandeep Singh (with inputs from agencies) | Wednesday October 2, 2019
Trading in the equity, debt and currency markets will resume on Thursday, October 3.
Sensex Ends 362 Points Lower, Nifty Holds 11,350: Highlights
Business | Edited by Sandeep Singh (with inputs from agencies) | Tuesday October 1, 2019
Sensex, Nifty market updates: The broader NSE Nifty benchmark slumped as much as 226.55 points to hit 11,247.90 at the lowest level of the day. The Sensex dropped to as much as 37,941.20 during the session, down 726.13 points from its previous close.
IRCTC Initial Public Offer To Open Today. Should You Subscribe?
Business | Edited by Sandeep Singh (with inputs from agencies) | Monday September 30, 2019
IRCTC IPO today: After the IPO, Government of India's holding in IRCTC will come down to 87.40 per cent. The IPO will close for subscription on October 3.The offer size in terms of amount makes it the highest among all the railway offerings till date.
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