Among PSBs, the top gainers have been Union Bank of India and Corporation Bank, whose shares have rallied more than 15% each. Indian Bank and Bank of Baroda, too, registered double-digit rise
Brokerage firm Ambit Capital has cut FY17 growth estimate to 3.5 per cent from 6.8 per cent and saaid there was even a possibility of growth contracting during the December quarter
Money changers operating behind the RBI HQ in Mumbai said they would charge a 15% fee to convert Rs 1 crore.
The department will impose a penalty, which could be between 30 per cent and 120 per cent.
Analysts say the sell-off in risky assets will be temporary and could be a buying opportunity for long-term investors.
Insurer likely to support Ratan Tata; reduction in stake might have been profit booking.
Some of the sops being offered to rope in new clients and retain the existing ones are cashbacks, reduced fee, and customised consultancy for clients.
Regulator probing jewellery houses for violation of collective investment scheme rules, says Shrimi Choudhary.
The average return for the 2,127 companies outside the A-group is 42 per cent
Some overseas investors refuse to be part of roadshows, citing environment risks
Top corporates have paid more advance tax in second quarter this year.
ICICI Pru's IPO is being managed by 10 investment banks, including Bank of America Merrill Lynch and ICICI Securities
Although the pricing for the IPO is yet to be finalised, people in the know said the band could be Rs 275-300
A typical consumer will have to opt for Jio's Rs 499 plan, which is a steep 2.5 times more than what the average user pays at present.
Between Friday's and Monday's close: Yields on 10-year bonds up 6 basis points, rupee slides 13 paise against dollar, Sensex ends flat
Central KYC not in sync with Sebi's KRA system; regulator writes to finance ministry
The assets are estimated to be worth over Rs 6,000 crore.
In India, bond yields have fallen nearly 70 basis points in the last one year.
'The IPO window has been more or less open since the new government in 2014.'
Global growth expectations have slumped to a five-month low.
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