In the Nifty200 pack, four stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on January 20, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day … Read more
Provisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector banks (PSBs). For a sample of 29 publicly listed banks, provisioning for non performing assets (NPA) fell by 2.9% to Rs 27,318.2 crore. For PSBs, it fell by 11.6% to … Read more
Equity indices eked out marginal gains to settle in the positive zone after a highly volatile trade on Wednesday. The 30-share BSE Sensex climbed 92 points to settle at 66,023, while the Nifty edged higher by 28 points to end at 19,811. Stocks that were in focus included names like Delhivery, which fell 4.15%, CG … Read more
New Delhi: The finance ministry is reviewing its disinvestment schedule following the recent stock market selloff amid high volatility triggered by global factors, said people aware of the details. The ministry is likely to adopt a “prudent selloff” approach now, one official told ET, adding there won’t be “divestment for the sake of divestment anymore” … Read more
MUMBAI: Benchmark indices snapped two-week winning streak and net lost over 1% in the week-ended October 20. The rising US bond yields, firm crude oil prices, and weak earnings from IT majors were some of the factors that weighed on the market sentiment. The coming truncated week is likely to bring in volatility as a … Read more
MUMBAI – IDBI Bank Ltd on Saturday reported a 60% year-on-year (YoY) rise in net profit for the quarter ended September to Rs 1,323.27 crore. Total income from operations increased by over 14% on year to Rs 6,924.18 crore. Net interest income, the difference between interest earned and interest expended, rose 12% on year to … Read more
LIC Mutual Fund has completed the takeover of schemes of IDBI Mutual Fund. The effective date of merger was July 29. The move is in line with LIC’s mission to strengthen and diversify its product offerings, expand its footprint and grow its assets under management (AUM) to emerge as a leading MF house in the … Read more
India’s largest depository National Securities Depository Limited (NSDL) has filed its Draft Red Herring prospectus with the Securities and Exchange Board of India (Sebi) for an IPO. The IPO, which is an offer for sale (OFS) of 57,260,001 shares, will see IDBI Bank, NSE, SBI, HDFC Bank and Union Bank of India paring stakes. Post … Read more
New Delhi: A Mauritius-based Wadia group company that together with its affiliates indirectly holds a stake in Britannia Industries could take centre stage in a face-off between Go First‘s bankers – some of whom want collateral provided by that company overseas for loans taken by the airline to be included in a common security pool, … Read more
Not long ago, the US witnessed a banking crisis that shook its financial landscape. Within a blink of an eye, Signature Bank, Silicon Valley Bank, and First Republic Bank crumbled, leaving many investors thinking over the causes of their downfall. But who was the culprit behind these bank failures? Well, it was the dreaded bank … Read more