While the headline index Nifty gained 3.4 per cent in August, the total market capitalization of BSE-listed companies increased to Rs 280.24 lakh crore during the month. As a result, Dalal Street investors turned richer by Rs 13.66 lakh crore in August. In July-end, the total market capitalization of BSE-listed companies was at Rs 266.58 … Read more
NEW DELHI: Racing ahead of its larger peers in a volatile market that looks directionless in the immediate near term, shares of midcap have surprised investors by zooming around 30 per cent in just three trading sessions. The rally began after the bank’s board approved raising up to Rs 3,000 crore to fund the lender’s … Read more
Indian market closed in the green for the second consecutive day in a row on Wednesday. The S&P BSE Sensex and Nifty50 closed flat with a positive bias. Sectorally, buying was seen in realty, telecom, capital goods, banks, and financial stocks while selling was seen in IT, consumer durables, and oil & gas stocks. Stocks … Read more
It turned out to be a painful week for the investors on Dalal Street as the benchmark index Sensex lost 2,943 points. The broader Nifty50, which ended below the 15,300 mark, is now just 411 points away from entering the bear zone officially. Data shows that it was the worst week for the Nifty in … Read more
This is not the time where I think there will be a stellar results going to be announced by TCS or Infosys, said of Ashish Kyal, Waves Strategy Advisors. In the coming week of course these companies like TCS and Infosys will be coming out with their numbers and if you look at the top … Read more
Thursday raised Rs 2,600 crore via certificate of deposits (CDs) as it creates a buffer of additional liquidity against unforeseen withdrawals even though it has excess liquidity of about Rs. 15,000 crore. The move is also aimed at demonstrating investor confidence in the bank where a change of guard on Christmas Day was immediately preceded … Read more
MUMBAI: today reported a 34 per cent year-on-year decline in net profit to Rs 75 crore, which was below analysts’ estimates. The decline in profit was largely on account of higher provisioning in the quarter. The lender’s net interest income in the quarter slumped 11 per cent on-year to Rs 906 crore, which was also … Read more
The proposed allottees are: Baring Private Equity-owned fund Mapple II BV, ICICI Prudential Life Insurance Company, CDC Group, Gaja Trustee Company and Gaja Capital. The board of RBL Bank on Thursday cleared raising Rs 1,566 crore through preference share sale. The bank will allot 8.84 crore shares at a price of Rs 177 a piece … Read more
New Delhi: RBL Bank on Tuesday reported over 47 per cent decline in standalone net profit at Rs 141.22 crore in the first quarter ended June of the current fiscal year due to over two-fold jump in provisioning. The private sector bank had posted a net profit of Rs 267.05 crore in June quarter of … Read more