Shares of Yes Bank may face selling pressure as the Reserve Bank-mandated three-year lock-in period for individual investors and exchange-traded funds is ending on Monday, according to analysts. The analysts expect distress on the bank counter on Monday as they expect investors, primarily the nine banks led by State Bank, which picked up almost 49 per cent of its stocks in March 2020 for Rs 10 per share -- at a premium of Rs 8 on the face value as part of the RBI bailout, making an exit. Exchange-traded funds are also likely to press the exit button.
With Onam and Raksha Bandhan just around the corner, the festival season is ready to kick off in full swing. As people embrace the celebratory spirit, companies anticipate a surge in sales this year. Consumer durables firms are expecting strong growth of 40-50 per cent in the premium segment during the upcoming season. Appliance makers also foresee increased demand for cooling appliances - refrigerators and air conditioners - which were impacted by unseasonal rainfall.
The Amarnath Yatra has been suspended from Jammu due to inclement weather conditions and no fresh batch was allowed to proceed from Jammu to the base camps of the 3,880-metre-high cave shrine in south Kashmir Himalayas, officials said.
Fund managers are withdrawing after a two-year long run in public sector bank (PSB) stocks. Domestic mutual funds (MFs) were net sellers of PSB stocks for the first time in nine quarters, offloading shares worth Rs 1,800 crore in the March quarter, said a report by ICICI Securities. In the previous eight quarters, fund houses had invested more than Rs 10,000 in PSBs amid deep discounts in valuation vis--vis their private sector peers.
'If you have only one hit out of 100 movies in a year, it is death for Bollywood.'
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
About Rs 35 crore (Rs 350 million) was required over the second weekend to register good numbers. But the film did even better and registered Rs 40 crore (Rs 400 million), resulting in an estimated Rs 213 crore (Rs 2.13 billion)
Whatever the fate of his movie may be at the box office, Akshay Kumar sure knows how to entertain his audiences.
Modi is visiting the African country from August 22 to 24 at the invitation of South African President Cyril Ramaphosa. South Africa is hosting the first in-person summit of BRICS comprising Brazil, Russia, India, China, and South Africa, since 2019.
Joginder Tuteja looks at the movie releases in 2022.
Priyanka can't stop laughing... Akshay is grateful to... Sunny's in a mood...
If in the current streaming age, audiences can watch the originals, why would they spend their money on second-hand content? Is it possible that mainstream Hindi filmmakers have lost the pulse of their audience, asks Deepa Gahlot.
Trade pundits and quick think piece experts can speculate all they like, but what works at the box-office is a mystery as always.
We'll need to wait a couple of years to see how many restructured loans turn bad and whether some banks fall victim to their obsession for growth, explains Tamal Bandyopadhyay.
Akshay promotes Raksha Bandhan... Suhana-Agastya on a dinner date... Alia promotes Darlings...
Neha-Angad leave Mumbai... Vidyut, Rajkummar promote their films... Deepti launches her memoir...
As the actor turns 31 on November 22, Namrata Thakker takes a look at his wonderful life through his Instagram feed.
The first three killings came in a space of 72 hours earlier in the week, while the fourth victim, from Bhopal, fell prey a few hours before Dhurve was arrested.
Shraddha Kapoor, who will next be seen opposite Ranbir Kapoor in Luv Rajan's next directorial venture, celebrates her 35th birthday on March 3.
Like Farah Khan says, 'Kabhi Eid, Kabhi Raksha Bandhan' and Bollywood can't stop celebrating.
The global turmoil in the banking sector has made analysts cautious, who advise that investors stay away from stocks of this sector till the overall sentiment improves. The recent trouble for the banking sector started with the collapse of US-based Silicon Valley Bank (SVB), Silvergate Capital and Signature Bank. On its part, Moody's Investors Service has also cut its outlook for the US banking system to 'negative' from 'stable', citing the run on deposits at these three banks that led to the collapse of these banking majors in less than a week.
Here are seven rules that will help you secure your online shopping this festive season beginning with Raksha Bandhan.
'Bell Bottom may not have collected what was expected, but it has done a great service to the industry by reopening hundreds of cinema halls.'
Bollywood celebrated Raksha Bandhan with their siblings over the weekend, and posted lovely pictures on Instagram.
The Overseas collection for Laal Singh Chaddha is better than that of India.
'Banks will continue to increase FD rates to attract more deposits and meet the increasing demand for credit.'
Tiger. Akshay. Ajay. Hrithik. Ajay again. Akshay again. Kartik...
'I'm pitching India for the strengths we offer, including the English language, engineers, doctors, nurses, professionals, innovative talent of startups.'
Get ready to rustle up a banquet for your sibling on Raksha Bandhan.
Every week, we bring you fascinating videos, chosen by you, through your likes.
'What more can I ask for?' 'Salman and Ranbir Kapoor know how to respect their seniors.'
Sharma, one of the Mumbai police officers who were famous for killing gangsters in encounters, resigned from the police force in July.
Unlike any other business, banking is a turf where the captain's role is the most critical. Often a bank is defined by the personality of the CEO who runs it. Both HDFC Bank and Kotak Mahindra Bank are the creation of their CEOs, notes Tamal Bandyopadhyay.
The coming years could be exciting for Bandhan Bank, IDBI Bank, IDFC First Bank, Federal Bank, and CSB Bank.
The annual Amarnath Yatra began on Thursday as a batch of about 2,750 pilgrims left the base camp in Nunwan, Jammu-Kashmir, for the cave shrine housing the naturally formed ice-lingam in the south Kashmir Himalayas.
This Raksha Bandhan, Tusshar talks about his famous sibling.
Emphasising that various issues are on agenda at the G20 under India's leadership.
Tata AIG, ICICI Lombard and Nippon Life have evinced interest for the profit-making insurance arm of Reliance Capital (RCap), joining several prominent financial companies from India and abroad in the race for RCap's assets. The final day to submit an expression of interest (EoI) was March 25 and the bidders will now get access to the latest information about RCap before they make financial bids.
