At least five local banks including and are in talks with Singapore’s DBS Bank to begin a real-time remittance system with the city-state using the ubiquitous Unified Payments Interface (UPI) as the backbone, said people familiar with the matter. This will become a common remittance platform in collaboration with Singapore’s PayNow funds transfer service and … Read more
Seven of the top-10 valued firms suffered a combined erosion of Rs 1,54,477.38 crore in market valuation last week, with IT majors and emerging as the biggest laggards. Last week, the BSE benchmark index tanked 812.28 points or 1.36 per cent. Limited, and were the only gainers in the top-10 pack. The market valuation of … Read more
Five of the top-10 valued firms together lost Rs 30,737.51 crore in market valuation last week, with Limited taking the biggest hit. In the holiday-shortened week, the Sensex advanced 183.37 points or 0.30 per cent. While Reliance Industries, , , and were the laggards from the top-10 pack, , , , and () were the … Read more
The total market capitalization of BSE-listed companies jumped close to Rs 43.88 lakh crore in the last two weeks and hit an all time high of Rs 280.52 lakh crore on August 18 from Rs 236.62 lakh crore on June 17. For this study, ETmarkets.com has considered the market capitalization of only BSE500 companies, which … Read more
Most brokerage firms maintained their rating on (SBI) post June quarter results on healthy loan growth and stable asset quality. Reacting to the results, shares of SBI fell over 2 per cent in morning trade. Long-term investors can consider buying the stock now or on dips for a possible target of over Rs 600-650 in … Read more
Eight of the 10 most valued firms together added Rs 98,234.82 crore in market valuation last week, with IT majors and emerging as the biggest gainers amid a positive momentum in equities. Last week, the BSE benchmark Sensex advanced 817.68 points or 1.42 per cent. From the top-10 pack, twins were the only laggards. The … Read more
() reported a surprise 7% fall in net profit year on year due to a huge hit on the market value of the bank’s government bond investments as yields rose during the quarter.Net profit fell to Rs. 6,068 crore in the quarter ended June 2022 from Rs 6,504 crore a year earlier as the bank … Read more
NEW DELHI: (SBI) on Saturday reported a 6.70 per cent year-on-year (YoY) drop in net profit at Rs 6,068.08 crore compared with Rs 6,504 crore in the same quarter last year. The profit figure missed ET NOW poll projection of Rs 8,300 crore by a wide margin. Net interest income (NII) for the quarter rose … Read more
Mumbai: Investors combing through the market for potential winners could consider some of the stocks that are trading at or below the actual value of the companies, said analysts. Out of the stocks on the NSE500 Index, 80 are currently trading below their book value following the sell-off in the market. Further, 40 stocks from … Read more
The sale of corporate bonds in the first two months of this fiscal year is less than half of the number in the corresponding period last year, as companies are holding back their borrowing plans amid volatile interest rate movements. Borrowers are waiting for a possible toning down of commentary by the central bank governor … Read more