New York, Oct 22 (SocialNews.XYZ) The US Federal Reserve may have to hold back interest rate hike for some time now as its 19 months of historic hikes to tamp down on inflation is driving…
Mumbai, Oct 20 (SocialNews.XYZ) Kotak Mahindra has received RBI’s approval to acquire Sonata Finance for Rs 537 crore, the bank said in informed the Bombay Stock Exchange on Friday. “We now wish to update you…
Mumbai, Oct 20 (SocialNews.XYZ) The RBI on Friday said it has imposed penalty of Rs 2.50 crore on L&T Finance for violating the central bank’s directions on disclosing adequate information to borrowers on the interest…
New Delhi, Oct 20 (SocialNews.XYZ) Foreign brokerage, Morgan Stanley has increased the overweight stance on India as the most-preferred EM market. Relative economic/earnings growth is improving and the macro-stability setup looks sufficient to withstand the…
Mauritius, Oct 20 (SocialNews.XYZ) Domestic equities witnessed selling pressure for third consecutive day amid weak global cues, says Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services. Nifty opened lower and remained negative throughout…
Mumbai, Oct 20 (SocialNews.XYZ) Gold prices rose to a three-month high on Friday and were headed for a second consecutive weekly gain, on the back of a safe-haven demand due to the Middle East conflict…
Chennai, Oct 20 (SocialNews.XYZ) The Murugappa Group company, CG Power and Industrial Solutions Limited on Friday said it has logged a net profit of Rs 355.24 crore for the second quarter of FY24. The company…
Chennai, Oct 20 (SocialNews.XYZ) The shares of Jindal Stainless Steel shone bright on Friday shooting up to Rs 493, a day after it declared the second quarter results with a quantum jump in profit, interim…
New Delhi, Oct 20 (AINS) RBI Governor Shaktikanta Das on Friday said the central bank faces the challenge of keeping a delicate balance between promoting growth and controlling inflation, with the potential for conflicts between…
New Delhi, Oct 20 (SocialNews.XYZ) Nearly 9.28 crore equity shares of online food delivery platform Zomato worth Rs 1,040 crore were offloaded on Friday in a bulk deal, likely by SoftBank. Japanese investment giant SoftBank,…
Mumbai, Oct 20 (SocialNews.XYZ) Large corporates which have raised more than the mandated share — 25 per cent — of their qualified borrowings by issuing bonds will be incentivised through reductions in the annual listing…
New York, Oct 19 (SocialNews.XYZ) US stocks rose higher on Thursday ahead of Federal Reserve Chairman Jerome Powell’s scheduled speech at the Economic Club of New York later in the day. The stocks edged higher…
Mumbai, Oct 19 (SocialNews.XYZ) Tata Motors has acquired a 26.79 per cent stake in digital platform Freight Commerce Solutions Private Limited (‘Freight Tiger’) for Rs 150 crore, the company stated in filing with the stock…
Mumbai, Oct 19 (SocialNews.XYZ) The Reserve Bank of India (RBI) has slapped monetary penalties on five co-operative banks in Gujarat for violation norms which include giving loans to their own directors which is not allowed….
New Delhi, Oct 19 (SocialNews.XYZ) Nifty concluded on a downbeat tone, following the lead of the global market, with the majority of sectoral indices also doing so, said Vaibhav Vidwani, Research Analyst, Bonanza Portfolio. The…
New Delhi, Oct 19 (SocialNews.XYZ) The government issued a notification on Thursday stating that notified IT hardware items essential for Capital Goods are exempt from import licensing requirements. For instance, laptops/tablets accompanying machinery such as…
New Delhi, Oct 19 (SocialNews.XYZ) On October 19, the fifth Russian-Chinese Energy Business Forum (RCEBF) was opened in Beijing. This event has been taking place every year since 2018 in accordance with agreements between Russian…
Mumbai, Oct 19 (SocialNews.XYZ) The National Bank for Agriculture & Rural Development and Women’s World Banking have signed an MoU to promote the Jan Dhan Plus program through Regional Rural Banks, here on Thursday, officials…
New Delhi, Oct 19 (SocialNews.XYZ) The market responds to economic headwinds more than geopolitical tensions. From that perspective, the sustained rise in US bond yields is becoming a major challenge for the US, and thereby…
New Delhi, Oct 18 (SocialNews.XYZ) India’s total foodgrain production is estimated at a record 3296.87 lakh tonnes for 2022-23 which is 140.71 lakh tonnes higher than the corresponding figure of 3156.16 Lakh tonnes achieved during…