The Reserve Bank on Friday announced a record Rs 2.69 lakh crore dividend to be paid to the government for the fiscal ended March this year, 27.4 per cent more than the payout in 2023-24. The Reserve Bank had transferred Rs 2.1 lakh crore dividend to the government for the fiscal 2023-24.
Originally hailing from Andhra Pradesh, the 67-year-old was involved in indoctrination and radicalization of youth and also responsible for numerous Maoist attacks in Chhattisgarh, resulting in the death of civilians and security personnel, they said.
The Reserve Bank on Wednesday approved a Rs 2.11 lakh crore dividend payout to the central government for 2023-24, more than double the amount it paid for the previous 2022-23 financial year. The decision was taken at the 608th meeting of the Central Board of Directors of the Reserve Bank of India held under the chairmanship of Governor Shaktikanta Das.
The expectations of a borrowing cut by the government faded among bond-market participants after the general election results because they feel the compulsions of running a coalition may put pressure on the exchequer, according to dealers. The recent trend of moderate depreciation in the rupee's nominal effective exchange rate (NEER) might not persist if there are significant changes to the structural reform agenda.
HDFC Bank's market capitalisation (market cap) touched Rs 13 trillion in Thursday's (December 28, 2023) intra-day trades as the largest private sector lender is set to report its sharpest monthly rally in the past two years. At 10:33 AM; HDFC Bank's market cap stood at Rs 13.03 trillion, the BSE data shows. The stock was up 1 per cent at Rs 1,717.90 in intra-day trades on December 29, inching towards its record high of Rs 1,757.80 touched on July 3, 2023.
The NHRC has issued notices to the Chairman, Railway Board and DGP, Madhya Pradesh over reports of "inaction" by RPF and GRP over beating of a youth for hours in a train.
Expect heightened volatility and stress to hit the markets. Caution may be the need of the hour, alerts Akash Prakash.
TCS is said to have bagged a multi-million pound contract to support the disclosure and barring services for the Criminal Records Bureau of the UK.
We are very close to the peak and may well be in for another leg to the correction that commenced in May 2011, says Sonali Ranade
'Kavach', which literally means armour, is being promoted by the railways as the world's cheapest automatic train collision protection system.
The CBI alleged that the supplier entered into criminal conspiracy with the unidentified GCF officials to supply duplicate spare parts.
Defying trends, the country's largest private sector lender, HDFC Bank, has shifted its asset mix significantly towards high-rated segments. As a result, its wholesale-to-retail mix has tilted heavily in favour of wholesale, even at the cost of margins. Further, it is even looking to ramp up its branch network, with an aim to service clients within a 1-2 km radius rather than the current 5-6 km radius.
There is no indication that the rally in the dollar is likely to end soon, says Sonali Ranade
The central bank will appear vacuous if it holds fire next week following its ultra hawkish guidance at the last monetary policy review.
'The Jalan Committee has now provided very clear guidelines on how the (RBI's) balance sheet should be looked at, what kind of disclosures should be made, what are the principles on which the Contingency Risk Buffer should be maintained, what should be the revaluation reserves, and the market risk to the Contingency Risk Buffer.'
The Reuters-Jefferies CRB index tracks 19 major commodities, including crude oil, gold, silver, copper and aluminum.
The additional cash will now give the Centre more headroom for stimulating the economy.
In India, the greatest impact is likely to be on housing.
If Bhansali has Rs 10 crore why isn't it being used to repay creditors? says Sucheta Dalal.\n\n\n\n\n\n
Where do the commodities market go in the new year? Sonali Ranade offers an insight.
The two major railway unions have proposed to the government an unprecedented alternative to privatisation or inviting foreign investment, to help raise funds and improve revenue.
The first private sector MF, Kothari Pioneer was registered in July 1993.
No casualties were reported though some passengers received minor injuries, an official said.
In a bid to woo foreign investors, the Indian Railways is planning to organise road shows in select countries showcasing opportunities for investment in the rail sector.
Further outperformance hinges on pickup in industrial activity, buying by local investors.
The dollar has fallen not just against commodity-linked assets but against other asset prices.
Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.
Hemant Kanoria tells Niraj Bhatt why understanding the dynamics of the borrower's business is critical for the lender.
Uncertainty lingers in the minds of retail investors due to scams.
Keep exit plans handy, D-day could be the second week of August, writes Sonali Ranade in Market Notes.
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