News for '-state-bank'

Sensex, Nifty edge up in choppy trade

Sensex, Nifty edge up in choppy trade

Rediff.com11 Dec 2024

From the 30-share Sensex pack, Bajaj Finance, Nestle India, Bajaj Finserv, Asian Paints, UltraTech Cement, Infosys, Maruti, Bharti Airtel and Hindustan Unilever were among the gainers. JSW Steel, Adani Ports, NTPC, State Bank of India, Reliance Industries, Tech Mahindra, Axis Bank, Titan and HDFC Bank were the laggards.

Sensex pares intra-day high to end up 598 points

Sensex pares intra-day high to end up 598 points

Rediff.com3 Dec 2024

From the 30-share Sensex pack, Adani Ports surged nearly 6 per cent. NTPC, Axis Bank, State Bank of India, Larsen & Toubro, UltraTech Cement, Tata Motors, HDFC Bank and Reliance Industries were the other big gainers. Bharti Airtel, ITC, Sun Pharma, Asian Paints and Kotak Mahindra Bank were the laggards.

India Inc earns fat profits but wages have not kept pace

India Inc earns fat profits but wages have not kept pace

Rediff.com1 Feb 2025

Growth in corporate profits needs to be commensurate with wages to boost the economy, Economic Survey 2024-25 said, noting that sharp disparities between the two pose risk to the economy by curbing demand. The document tabled in Parliament on Friday noted that while the labour share of GVA (gross value added) shows a slight uptick, the disproportionate rise in corporate profitsredominantly among large firmsaises concerns about income inequality.

SBI pegs GDP growth at 6.3%; lower than govt estimate

SBI pegs GDP growth at 6.3%; lower than govt estimate

Rediff.com8 Jan 2025

The GDP growth is expected to be about 6.3 per cent in the current fiscal year, a tad lower than the government's estimate of 6.4 per cent, owing to several factors such as weak demand, SBI research report said on Wednesday. According to the first advance estimates (FAE) of National Income for 2024-25 released by the National Statistics Office (NSO), released on Tuesday, India's economic growth rate is estimated to slip to a four-year low of 6.4 per cent in 2024-25, because of poor showing by the manufacturing and subdued investments.

Should You Invest In Large Cap Funds Now?

Should You Invest In Large Cap Funds Now?

Rediff.com24 Jan 2025

Largecap companies are generally less vulnerable to economic slowdowns than their mid- and smallcap counterparts.

Extreme poverty nearly alleviated in India: SBI research

Extreme poverty nearly alleviated in India: SBI research

Rediff.com3 Jan 2025

As the poverty rates in the country declined below 5 percent in 2024, a research study by State Bank of India also highlighted that the extreme poverty in the country has been reduced to minimal.

Banks eye Rs 1 trn via infra bond issuances in FY25

Banks eye Rs 1 trn via infra bond issuances in FY25

Rediff.com27 Nov 2024

Infrastructure bond issuances by commercial banks in the current financial year (FY25) are likely to surpass Rs 1 trillion, almost double that of FY24, market participants said. So far this financial year, banks have raised Rs 74,256 crore via infra bonds. In FY24, the total issuances stood at around Rs 51,081 crore.

Sensex rises 226 pts on buying in bank, auto stocks

Sensex rises 226 pts on buying in bank, auto stocks

Rediff.com27 Dec 2024

From the 30 blue-chip pack, Mahindra & Mahindra, IndusInd Bank, Bajaj Finance, Tata Motors, Bajaj Finserv, Nestle and ICICI Bank were the biggest gainers. State Bank of India, Tata Steel, Adani Ports, Zomato, UltraTech Cement and HCL Tech were among the laggards.

Sensex, Nifty settle nearly 1% higher; Bharti Airtel, RIL among top gainers

Sensex, Nifty settle nearly 1% higher; Bharti Airtel, RIL among top gainers

Rediff.com29 Nov 2024

From the 30-share Sensex pack, Bharti Airtel, Mahindra & Mahindra, UltraTech Cement, Adani Ports, Reliance Industries, Larsen & Toubro, JSW Steel, Hindustan Unilever, Titan and Tata Motors were the biggest gainers. Power Grid, Nestle, State Bank of India and Infosys were the laggards.

Metropolitan Stock Exchange to raise Rs 120 cr in fresh attempt at revival

Metropolitan Stock Exchange to raise Rs 120 cr in fresh attempt at revival

Rediff.com26 Dec 2024

Metropolitan Stock Exchange of India (MSE) plans to raise Rs 120 crore from investors in an attempt to stay afloat. The beleaguered exchange's board has approved issuance of 1.19 billion equity shares of face value Rs 1 at a premium of Rs 1 through private placements, according to a disclosure on its website.

Sensex tanks 1,190 points to close below 80K

Sensex tanks 1,190 points to close below 80K

Rediff.com28 Nov 2024

From the 30-share Sensex pack, Mahindra & Mahindra, Infosys, HCL Technologies, Adani Ports, Bajaj Finance, Tech Mahindra, Titan, Tata Consultancy Services, Reliance Industries and Power Grid were among the laggards. On the other hand, State Bank of India was the only gainer.

Want A Govt Job? 10 Competitive Exams You Can Take

Want A Govt Job? 10 Competitive Exams You Can Take

Rediff.com29 Jan 2025

rediffGURU Rohit Gupta, co-founder and COO of College Vidya, provides a list of competitive exams that can help you land a job in the public sector.

Sensex, Nifty end flat amid volatile trade

Sensex, Nifty end flat amid volatile trade

Rediff.com10 Dec 2024

Finance, ICICI Bank, Mahindra &h Mahindra, Kotak Mahindra Bank and Titan were among the gainers. Bharti Airtel, Adani Ports, Tech Mahindra, Reliance Industries, Axis Bank, Larsen & Toubro were the laggards.

Indian diaspora celebrates 76th Republic Day with enthusiasm

Indian diaspora celebrates 76th Republic Day with enthusiasm

Rediff.com26 Jan 2025

Leaders from around the world extended their greetings to India on its 76th Republic Day, emphasizing the importance of bilateral relations and expressing hope for a stronger future. The Indian diaspora across the globe celebrated the occasion with enthusiasm at Indian missions abroad, where the national tri-colour was unfurled, accompanied by cultural performances and patriotic fervour. The celebrations highlighted the strong bonds of friendship and cooperation between India and its global partners.

Adani's clarification on bribery charges lifts markets

Adani's clarification on bribery charges lifts markets

Rediff.com27 Nov 2024

From the 30-share Sensex pack, Adani Ports surged 6 per cent. NTPC, HDFC Bank, Bajaj Finance, Maruti and Axis Bank were among the other gainers. In contrast, Titan, State Bank of India, Asian Paints, Tata Consultancy Services, HCL Tech, Sun Pharma, IndusInd Bank and ICICI Bank were among the laggards.

Sensex, Nifty rebound after days of downtrend

Sensex, Nifty rebound after days of downtrend

Rediff.com19 Nov 2024

From the 30-share Sensex pack, Mahindra & Mahindra, Tech Mahindra, HDFC Bank, Titan, Tata Motors, UltraTech Cement, Power Grid and Infosys were the biggest gainers. In contrast, Reliance Industries, State Bank of India, Bajaj Finserv, Maruti, Tata Steel and Bharti Airtel were among the laggards.

Cyberfraud Thrives On Fear!

Cyberfraud Thrives On Fear!

Rediff.com29 Jan 2025

The number of cyberfraud cases has skyrocketed from 2,677 in 1999-2000 to 29,082 in FY24 -- more than a 10-fold increase. The RBI pegs digital payment frauds at Rs 1,457 crore in FY24, up more than five times in a year. It's not just the number of frauds. What's alarming is the growing sophistication of the fraudsters, exposing the vulnerabilities within the financial system, observes Tamal Bandyopadhyay.

Falling poverty claims in SBI report spark concerns about methodology

Falling poverty claims in SBI report spark concerns about methodology

Rediff.com6 Jan 2025

State Bank of India (SBI), in a report on Friday, claimed a significant decline in the headline poverty ratio in rural areas on account of enhanced physical infrastructure, higher consumption growth in the bottom fractile and direct benefit transfers (DBTs).

Sensex, Nifty tumble amid sharp fall in Adani stocks

Sensex, Nifty tumble amid sharp fall in Adani stocks

Rediff.com21 Nov 2024

State Bank of India, NTPC, ITC, Asian Paints, Bajaj Finance and Bajaj Finserv were also among the major laggards. In contrast, Power Grid, UltraTech Cement, HCL Technologies and Axis Bank were among the gainers.

Sensex reclaims 79K level, Nifty surges 557.35 points

Sensex reclaims 79K level, Nifty surges 557.35 points

Rediff.com22 Nov 2024

Hectic buying in blue chip counters like Reliance Industries, IT and teck shares boosted market sentiment. State Bank of India, Tata Consultancy Services, Titan, ITC, Infosys, Larsen & Toubro, Reliance Industries and Bajaj Finance were the biggest gainers.

Mutual funds increase exposure to banking, IT stocks amid outperformance

Mutual funds increase exposure to banking, IT stocks amid outperformance

Rediff.com19 Dec 2024

The performance of banking and information technology (IT) stocks has had a significant impact on the composition of diversified mutual fund (MF) portfolios. Over the past two months, these sectors have become increasingly dominant, now constituting nearly 30 per cent of the total allocation in many diversified MF portfolios.

Some people trying to disturb peace by spreading venom of caste politics: Modi

Some people trying to disturb peace by spreading venom of caste politics: Modi

Rediff.com4 Jan 2025

Inaugurating the Grameen Bharat Mahotsav, the Prime Minister exuded confidence that villages will play a key role in pushing forward the dream of Viksit Bharat by 2047.

Sensex tanks 836 points; Nifty ends at 24,199

Sensex tanks 836 points; Nifty ends at 24,199

Rediff.com7 Nov 2024

From the 30-share Sensex pack, Tata Motors, Tech Mahindra, UltraTech Cement, JSW Steel, Sun Pharma, Asian Paints, IndusInd Bank and ICICI Bank were the major losers. State Bank of India emerged as the only gainer from the pack.

Sensex reclaims 80K; Nifty surges 405 points

Sensex reclaims 80K; Nifty surges 405 points

Rediff.com25 Nov 2024

From the 30-share Sensex pack, Mahindra & Mahindra, Larsen & Toubro, State Bank of India, Reliance Industries, ICICI Bank and Bajaj Finance were the biggest gainers. JSW Steel and Infosys were the laggards.

Markets slump 1%; Sensex tumbled 821 points

Markets slump 1%; Sensex tumbled 821 points

Rediff.com12 Nov 2024

From the 30-share Sensex pack, NTPC, Asian Paints, HDFC Bank, State Bank of India, Tata Motors, JSW Steel, Maruti and Power Grid were among the major laggards. On the other hand, Sun Pharma, Infosys and ICICI Bank were the gainers.

Sensex falls 200 pts due to selling in FMCG, PSB stocks

Sensex falls 200 pts due to selling in FMCG, PSB stocks

Rediff.com9 Dec 2024

From the 30-share pack, Hindustan Unilever, Tata Motors, Axis Bank, Nestle India, Asian Paints, ITC, Reliance Industries, Mahindra & Mahindra, IndusInd Bank and State Bank of India were among the laggards. Larsen & Toubro, Tata Steel, JSW Steel, HDFC Bank, Adani Ports, Kotak Mahindra Bank, Bharti Airtel and PowerGrid were among the gainers.

Stock markets rebound on value; Sensex jumps 694 pts

Stock markets rebound on value; Sensex jumps 694 pts

Rediff.com5 Nov 2024

Axis Bank, IndusInd Bank, HDFC Bank, State Bank of India, Kotak Mahindra Bank and UltraTech Cement were also among the big gainers. Adani Ports, ITC, Bharti Airtel and Asian Paints were among the laggards.

Sensex, Nifty rise on buying in bank stocks, positive global cues

Sensex, Nifty rise on buying in bank stocks, positive global cues

Rediff.com29 Oct 2024

From the 30 Sensex pack, State Bank of India jumped 5 per cent, followed by ICICI Bank, Bajaj Finserv, NTPC, Adani Ports, Bajaj Finance and Larsen & Toubro. In contrast, Maruti, Tata Motors, Sun Pharma, Bharti Airtel, IndusInd Bank and Mahindra & Mahindra were among the laggards.

Mcap of 8 most valued firms surges Rs 1.21 lakh cr; Reliance biggest winner

Mcap of 8 most valued firms surges Rs 1.21 lakh cr; Reliance biggest winner

Rediff.com29 Sep 2024

The combined market valuation of eight of the top-10 most valued firms surged Rs 1,21,270.83 crore last week, with Reliance Industries becoming the biggest gainer, in line with an outstanding rally in benchmark equity indices. Last week, the BSE benchmark jumped 1,027.54 points or 1.21 per cent. The BSE Sensex hit its record high of 85,978.25 on Friday.

FPI selling spree, IT stocks dampen investor sentiment

FPI selling spree, IT stocks dampen investor sentiment

Rediff.com18 Nov 2024

From the 30-share Sensex pack, Tata Consultancy Services, Infosys, NTPC, HCL Technologies, Axis Bank, Tech Mahindra, Bajaj Finserv, Sun Pharma, IndusInd Bank and Reliance Industries were the major laggards. Tata Steel, Hindustan Unilever, Mahindra & Mahindra, Nestle and State Bank of India were among the gainers.

2025: Top 10 Stocks To Watch Out

2025: Top 10 Stocks To Watch Out

Rediff.com2 Jan 2025

These 10 stocks represent the best mix of value and growth, offering relatively low price-to-earnings and price-to-book ratios, a high return on equity, and sufficiently high potential from current levels.

PSU bank stocks surge up to 39% in 2024; what does 2025 hold in store?

PSU bank stocks surge up to 39% in 2024; what does 2025 hold in store?

Rediff.com13 Dec 2024

Stock Market News today, PSU banks: The year 2024 was a roller-coaster ride for Indian stock markets, marked by volatility driven by the Lok Sabha elections, Union Budget 2024, a slowdown in corporate earnings, and sticky inflation. Geopolitical tensions - particularly between Israel and Iran in West Asia - along with various stimulus announcements by China and yen carry trade rocked the equity markets throughout the year.

Investors become poorer by Rs 5.29 lakh cr as markets slump

Investors become poorer by Rs 5.29 lakh cr as markets slump

Rediff.com12 Nov 2024

A sharp fall in the equity market made investors poorer by Rs 5.29 lakh crore on Tuesday when the BSE benchmark Sensex tumbled over 800 points. A host of negative triggers -- muted quarterly earnings, continuous foreign fund outflows and weak trends in Asian and European markets -- dragged the benchmark indices lower. The BSE benchmark gauge tumbled 820.97 points or 1.03 per cent to settle at 78,675.18.

Sensex jumps 603 points; ICICI Bank climbs 3%

Sensex jumps 603 points; ICICI Bank climbs 3%

Rediff.com28 Oct 2024

From the 30 Sensex pack, ICICI Bank climbed 3 per cent after the private sector lender posted a 14.5 per cent growth in standalone profit to Rs 11,746 crore for the second quarter ended September 2024. JSW Steel, Mahindra & Mahindra, Adani Ports, Tata Steel, Sun Pharma, Hindustan Unilever, Tata Motors and State Bank of India were the other big gainers from the pack.

'Har Ghar Lakhpati': SBI's new mantra for deposit accretion

'Har Ghar Lakhpati': SBI's new mantra for deposit accretion

Rediff.com9 Dec 2024

At a time when banks are finding it challenging to mobilise resources, State Bank of India (SBI)-the country's largest lender-has devised a three-pronged strategy to boost deposit accretion. First is an aspirational product that promises to make depositors lakhpatis by helping them grow their deposits to Rs 1 lakh through recurring deposit (RD) schemes.

PSBs prepare to open AT-1, Tier-2 bond floodgates

PSBs prepare to open AT-1, Tier-2 bond floodgates

Rediff.com3 Dec 2024

Public sector banks (PSBs) have proposed the Finance Ministry their plan to raise Rs 54,800 crore through Additional Tier-1 (AT-1) and Tier-2 bonds in the current financial year (FY25), 37 per cent more than the Rs 39,880 crore raised in FY24

Sensex tanks 942 pts, Nifty plunges below 24K

Sensex tanks 942 pts, Nifty plunges below 24K

Rediff.com4 Nov 2024

From the 30-share Sensex pack, Sun Pharma, Reliance Industries, Infosys, Tata Motors, Infosys, Titan, Maruti and NTPC were among the major laggards. Mahindra & Mahindra, Tech Mahindra, HCL Technologies and IndusInd Bank were the gainers.

Sensex down 319 points amid foreign fund outflows

Sensex down 319 points amid foreign fund outflows

Rediff.com16 Oct 2024

From the 30 Sensex firms, Mahindra & Mahindra, Infosys, Kotak Mahindra Bank, JSW Steel, Adani Ports, Tata Motors, Adani Ports, ITC and Titan were the major laggards. HDFC Bank, Bharti Airtel, Reliance Industries, Asian Paints and State Bank of India were the gainers.

Markets tumble over 1%; Sensex sinks 931 points

Markets tumble over 1%; Sensex sinks 931 points

Rediff.com22 Oct 2024

From the 30 Sensex pack, Mahindra & Mahindra, State Bank of India, Power Grid, Tata Steel, IndusInd Bank, Tata Motors, Larsen & Toubro, NTPC, Bajaj Finance and Reliance were among the biggest laggards.

Markets continue to be in bear hug; Sensex sinks 495 points

Markets continue to be in bear hug; Sensex sinks 495 points

Rediff.com17 Oct 2024

Mahindra & Mahindra, UltraTech Cement, Bajaj Finserv, Titan, Maruti, Axis Bank and Tata Steel were among the other big laggards. However, Tech Mahindra, Infosys, Power Grid, Larsen & Toubro and State Bank of India were among the biggest gainers.