The BJP, which is aiming to topple the Naveen Patnaik government in Odisha, plans to hold as many as 100 election rallies in the state, with key speakers including Prime Minister Narendra Modi and Union Home Minister Amit Shah. Odisha BJP vice-president Golak Mohapatra on Sunday said that mega rallies will be held in all … Read more
The combined market valuation of five of the 10 most valued firms eroded by Rs 1,97,958.56 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit amid volatile trends in equities. Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent. The market valuation of TCS tanked … Read more
File. | Photo Credit: PTI The Enforcement Directorate (ED) on March 11 attached properties worth ₹4.81 crore in Srinagar in an alleged bank fraud case. “The ED has provisionally attached immovable properties worth ₹4.81 crore in the form of 18 kanal of land (approx.) and building, which pertains to Isfaq Ahmad Zargar, Khalil Ahmad Mughal, … Read more
Kolkata: The Reserve Bank of India has told banks and other lenders to disclose more information about their climate-related financial risks so that stakeholders — from regulators to customers — can understand and assess the risk early. Climate-related disclosures by regulated entities is an important source of information for different stakeholders — customers, depositors, investors … Read more
Representational file image. | Photo Credit: G.N. Rao As part of its efforts to spread voter awareness, the Election Commission has tied up with the Indian Banks’ Association (IBA) and the Department of Posts (DoP) to amplify its outreach to electors ahead of the upcoming Lok Sabha elections. The EC signed Memorandum of Understanding (MoU) … Read more
Referring to an assurance on educational loans made in the DMK’s manifesto for the 2021 Assembly election, Congress legislator J.G. Prince on Tuesday insisted that the State government help students, and stated that bank officials were taking the aid credited to the students’ accounts by the State government. During his speech in the Assembly, Mr. … Read more
Four of the top-10 most valued firms together added Rs 2.18 lakh crore in market valuation last week, with Life Insurance Corporation and State Bank of India emerging as the biggest gainers. From the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and SBI were the gainers. They collectively … Read more
Leading public sector lender State Bank of India (SBI) reported a standalone net profit of Rs 9,164 crore which was down by over 35% from 14,205.34 crore reported by the state lender in the year ago period. The bank earned Rs 105,733.78 crore in interest income in the reported quarter which was up 22% from … Read more
An expert committee formed by Sebi on Friday suggested to abolish the requirement of a mandatory security deposit with the exchanges before a public issue, a move that could make it easier for companies to access the primary market. Under the current rule, any company that is looking to launch a public or rights issue … Read more
Shivamogga District Cooperative Central Bank president R.M. Manjunath Gowda has appealed to the farmers to make use of the State government’s scheme to waive interest on medium- and long-term agriculture loans if the principal amount was paid before February 29. In a press conference in Shivamogga on Thursday, Mr. Manjunath Gowda said the government took … Read more