She pocketed Rs 9.12 crore as remuneration in FY16
The yellow metal is a safe bet in the long run.
After the finance minister directed public sector banks to join the account aggregator (AA) ecosystem, 5-6 major ones, including State Bank of India (SBI) and Bank of Baroda are expected to go live by July-end. Sahmati, an industry alliance for the AA ecosystem, has been working with PSU banks to get them onboarded for quite some time now. So far, Union Bank of India and Punjab National Bank (PNB) have gone live on the AA ecosystem. While Union Bank has been live for a while, PNB went live earlier this month.
The sale proceeds will be fully utilised to repay debt at Bharti Telecom and will make the promoter holding firm a 'debt free company'.
Banks have taken this aggressive posture even as liquidity has become comfortable on the back of increased government spending.
Reliance Industries raced to 52-week high on better than estimated earnings and announcement of bonus share.
While digitisation and automation have made internal processes more efficient, front-end products are being enhanced digitally through robotics, artificial intelligence and botchats.
The Sensex gained 7,430.37 points, or 27.91 per cent, this year.
As liquid tightening measures were likely to be temporary, any change in lending rates would depend on the length of these measures, according to bankers.
'From a retail investor's perspective, therefore, it is essential not to get swayed by the short-term correction in the equity market and macro noise, and stay the course with their long-term financial plans,' notes Ashwin Patni.
Ajit Mishra answers reader queries on the stock market.
Sebi also plans to examine if any comments made by company officials or the bankers could have misled investors.
Sandeep Shanbhag, a chartered accountant and director of Wonderland Consultants, a tax and financial advisory firm, discussed the impact of Budget proposals in a chat with Rediff.com's readers.
Hamsini Karthik reveals why the ongoing business rejig will help unlock value for shareholders of Grasim, Reliance Capital and Tube Investments
YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks, Jefferies says, are most prune to "high risk" emanating from ADAG, Cox & Kings, CG Power, DHFL and Essar Shipping.
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
Three closed-ended equity schemes have been launched in the past month or so and another is set to open soon for subscription.
Out of the 30-share Sensex pack, 21 ended lower and one remained unchanged
Highest-ever mobilisation in first half of any fiscal year; bankers expect the trend to continue, given strong pipeline
'It is critical that the Covid curve does not have a fat tail and the chain is broken quickly.'
It could be a tough week In the run-up to such an event, the market is always nervous.
LIC's Rs 3,000 crore bid helped HAL reach the minimum 10 per cent dilution threshold required for listing, sources said
The NSE Nifty too ended 58.60 points, or 0.54 per cent, higher at 10,967.30 after shuttling between 10,985.15 and 10,928 during the session.
The Nifty finished the day at 10,265.65, a hefty gain of 98.95 points, or 0.97 per cent, after shuttling between 10,270.85 and 10,195.25.
Sensex rises, snapping two-session losing streak; banks, auto gain.
Coal India was the biggest gainer on both Sensex and Nifty
The mid- and small-cap indices had a dream run between January 2017 and January 2018 - zooming 48 per cent and 56 per cent, respectively.
To make sure liquid schemes reflect the underlying portfolio risks, Sebi has said all debt papers with maturity of 30 days or more to be marked to market. Earlier, fund houses didn't have to do so for securities that had less than 60-day maturity.
In HDFC Life, the company has to pare 1.43 per cent, and in HDFC Ergo, it has to pare only 0.58 per cent.
The previous highest divestment proceeds for the first half of a year was around Rs 21,000 crore in 2016-17.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
Select companies in infra, capital goods, private banks, auto, oil & gas, and mining could be considered by investors.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Of the 30-share Sensex, 13 ended higher, while 17 led by Power Grid, Tata Steel, Bajaj Auto, Hero MotoCorp, NTPC, Tata Motors, Dr Reddy's, M&M, GAIL, Infosys and L&T finished lower, fell by up to 2.40 per cent
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
The sentiment got support from better-than-expected earning results by select companies and continuous buying by domestic financial institutions.
This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
Relations with the government, the bank's majority owner, are a tricky issue for all SBI chiefs, and, like all his predecessors, Khara will be closely watched for his equations with the finance ministry representative on the SBI board.
'Apart from providing you with the ability to withstand escalating medical expenses, a dedicated financial plan for health will also ensure financial independence in old age,' advises Arun Thukral, MD & CEO, Axis Securities.
