Business

Nifty, Sensex end higher on boost from financials

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 hiked by 17 paise/litre, diesel by 22 paise after two-month hiatus

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.

Sahara chief Subrata Roy must pay Rs 62,600 crore to stay out of jail: Sebi

Market regulator Sebi has also requested the court to cancel Subrata Roy's parole if the payment is not made immediately.?

Jupiter Capital reduced shareholding in Lakshmi Vilas Bank months before crash

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.

GDP contraction likely narrowed to 9.5% in second quarter: Icra

Icra’s prediction comes a week before the Central Statistics Office (CSO) officially released GDP data for the second quarter of the year.?

Sensex, Nifty rebound after positive growth projections

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.?

LVB’s collapse marks 5th financial institution’s failure in less than 3 years

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.

India-Bhutan to launch Phase-II of RuPay card

The prime ministers of India and Bhutan will jointly launch the second phase of Rupay card via video conferencing on Friday.

Sensex, Nifty retreat from record highs as banks tumble

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 fares better than China in global bribery risk matrix

India has ranked better than China and Pakistan on the TRACE global bribery risk matrix.

Indian economy likely to rebound faster than predicted

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.?

Lakshmi Vilas Bank under moratorium: Special cases where withdrawals upto Rs 5 lakh allowed

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.

Pages