BENGALURU – Index provider MSCI raised India‘s weightage in its Global Standard (Emerging Markets) index to a historic high of 18.2% following its February review, and the changes will come into effect after market close on Feb. 29. India’s weightage in the index has nearly doubled since November 2020. The climb can be attributed to … Read more
Mumbai: Union Bank of India has put on sale nonperforming assets (NPAs) worth ₹1,217 crore and the bank is looking to recover ₹1,012 crore, targeting 80% recovery on the sale of loans. The portfolio on sale comprises 16 accounts, including advances to Gammon India, Supertech Realty, Hotel Horizon, and ACCIL Corp. Prospective buyers have until … Read more
Shares of the state-owned Indian Renewable Energy Development Agency (IREDA) climbed 5% to Rs 125.5 in Wednesday’s trade on BSE after the firm announced a partnership with Indian Overseas Bank (IOB) to co-finance renewable energy projects in India. “Indian Renewable Energy Development Agency and Indian Overseas Bank have joined hands by signing a memorandum of … Read more
Protean eGov Technologies (formerly known as NSDL E-Governance Infrastructure) on Friday said it has mobilized a little over Rs 143 crore from anchor investors, days before its initial public offering (IPO). The company has allotted 18.12 lakh equity shares to 18 funds at Rs 792 apiece, which is also the upper end of the price … Read more
Mumbai: India’s central bank digital currency pilots in wholesale and retail segments have largely met with success since last year, but some banks have recently hit a bump as statutes do not permit the money to be used for meeting the Cash Reserve Ratio (CRR) requirement. A person aware of the development told ET that … Read more
91.60 percent gain propelled the state-owned lender to the eighth place in the top 20 Indian banks by market capitalization as of September 30, from rank 14 three months ago. Five other public sector banks rose in the market cap rankings over the previous quarter. Central Bank of India‘s market cap grew 76.59 per cent … Read more
Bajaj Finance. Share Price 7967.60 03:59 PM | 03 Oct 2023 156.86(2.00%) Larsen & Toubro. Share Price 3073.25 03:59 PM | 03 Oct 2023 49.70(1.64%) Titan Company. Share Price 3196.25 03:59 PM | 03 Oct 2023 47.45(1.50%) Bajaj Finserv. Share Price 1561.05 03:59 PM | 03 Oct 2023 20.80(1.35%) Adani Ports & Special Economic Zone. … Read more
Hindalco Industries. Share Price 492.65 03:59 PM | 29 Sep 2023 25.80(5.52%) NTPC. Share Price 245.55 03:59 PM | 29 Sep 2023 8.50(3.58%) Hero MotoCorp. Share Price 3057.25 03:59 PM | 29 Sep 2023 87.25(2.93%) Dr. Reddy’s Laboratories. Share Price 5587.00 03:55 PM | 29 Sep 2023 157.90(2.90%) Divi’s Laboratories. Share Price 3765.15 03:57 PM … Read more
Hindalco Industries. Share Price 492.65 03:59 PM | 29 Sep 2023 25.80(5.52%) NTPC. Share Price 245.55 03:59 PM | 29 Sep 2023 8.50(3.58%) Hero MotoCorp. Share Price 3057.25 03:59 PM | 29 Sep 2023 87.25(2.93%) Dr. Reddy’s Laboratories. Share Price 5587.00 03:55 PM | 29 Sep 2023 157.90(2.90%) Divi’s Laboratories. Share Price 3765.15 03:57 PM … Read more
Indian market is likely to consolidate on Monday tracking mixed global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 closed below 19700 levels on Friday. India VIX was down by 3.52% from 10.51 to 10.14 levels in the previous trading session. Volatility has been moving in a range for the … Read more