Shares bounced back on Friday from a sharp fall in the previous session, taking their cue from an advance in global markets and driven by signs of a faster-than-expected recovery in business activity.
Petrol price on Friday was hiked by 17 paise per litre and diesel by 22 paise, as firming international oil prices broke a nearly two-month-long hiatus in a price revision.
Market regulator Sebi has also requested the court to cancel Subrata Roy's parole if the payment is not made immediately.?
Private Equity fund Jupiter Capital exited reduced its shareholding in Lakshmi Vilas Bank below 1 per cent months before the RBI imposed restrictions on the troubled bank.
Icra’s prediction comes a week before the Central Statistics Office (CSO) officially released GDP data for the second quarter of the year.?
It is worth mentioning that the broader markets outperformed benchmark indices as the BSE Midcap index rose 0.86 per cent while the BSE Smallcap index up over 0.60 per cent.?
The recent collapse of private lender Lakshmi Vilas Bank (LVB) brings back the focus on the systemic collapse of the Indian banking sector due to lack of regulatory supervision. Before LVB, four other banks and financial institutions collapsed due to ballooning NPAs and lack of corporate governance.
The prime ministers of India and Bhutan will jointly launch the second phase of Rupay card via video conferencing on Friday.
Indian shares slid on Thursday after a sharp rally in banking stocks lost momentum and as widening COVID-19 restrictions in the United States weighed on sentiment globally.
India has ranked better than China and Pakistan on the TRACE global bribery risk matrix.
Global rating agency Moody’s Investors Services and brokerage firm Barclays on Thursday lifted India's growth estimates, following a sharp recovery in the country during the ongoing festive season.?
Under the restrictions imposed by RBI on Lakshmi Vilas Bank, depositors are not allowed to withdraw more than Rs 25,000. However, the government has made a special provision under which depositors of the bank can withdraw up to Rs 5 lakh.