The agency is looking at alleged "diversion of funds and financial reporting frauds".
Metal stocks also had a good session, with JSW Steel zooming by 7%, and Tata Steel and Nalco gaining about 3% each.
Existing and new customers will find it easier to manage or raise loans as banks start cutting rates.
Banks have not cut rates yet as March is typically a busy season.
Government is framing a rule that will make it compulsory for regulators like Sebi, Irdai and PFRDA to deposit a significant portion of their reserves into the Consolidated Fund of India.
Auto stocks are weighing on the indices.
.jpg)
The government on Tuesday announced hikes in import duties for gold and silver, but it has yet to unveil other details such as its plan to tax imports of non-essential items.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
SBI remains a favourite of most brokerages in the PSB segment.
If this Budget was not packaged and sold as a Budget for the poor and for farmers, Narendra Modi would have lost the next election.
'The correction could take two to three months and traders need to be careful.' 'For investors, this could be a good time to nibble in.'
Unions, which are protesting against FDI in the banking sector, are pressing for various demands.
SBI leads a 17-member consortium of lenders that is trying to recover dues running into over Rs 7,500 crore (Rs 75 billion) in principal alone from Kingfisher Airlines.
No major deals above the value of USD 300 million happened last month, causing the decline from January, which registered deals worth USD 3.5 billion, according to a report released by consultancy firm EY on Wednesday.
As per the existing process of law under the PMLA, the ED could confiscate the assets only after the trial in a case finishes which usually takes many years.
Here are 5 ways you can get a credit card even if you do not have a job.
In order to be eligible for a loan when you really need one, it is imperative to maintain a good credit score. By having a good mix of debt and servicing it regularly, you can maintain a good credit score and be loan ready at all times.
Foreign institutional investors (FIIs) are set to pump in more funds in debt securities, as the next government under the Bharatiya Janata Party (BJP) is expected to be a stable one and is seen as growth-oriented by market participants.
The high court remained unconvinced by Mallya's claim that he has been a non-resident Indian since 1988 and has lived in England since 1992, a country where he has indefinite leave to remain
Just avoid these credit card mistakes and live your second innings in style, says Rajiv Raj
Diageo, which had acquired Mallya's United Spirits nearly six years ago, is claiming $40 million paid to the liquor tycoon as part of an alleged breach of agreement.
HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
On Tuesday, Finance Minister P Chidambaram had more than adequately made clear that the government would be allocating Rs 14,000 crore through Budget, the Financial Services Secretary said.
Sensex, Nifty end the day in red on unfavourable cues from global markets.
SBI-led consortium of 17 banks had a total exposure of about Rs 6,500 cr to Kingfisher Airlines.
Five photos of western style toilets were presented to convince the court that acceptable standards would be extended to Mallya.
.jpg)
A weak rupee makes imports costlier, including oil and other commodities.
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
A dream home can be closer to reality if you live a financially disciplined life. All that it takes is to make smart moves at the right time in your life and career.
The more you know about using a new credit card, the more you reap!
SBI, LIC and HDFC, have showed double digit growth.
Here are some of the common mistakes that most home buyers make when it comes to home loans and how to avoid them.
Making purchases on your credit card can turn out to be a better idea. Here's why.
Banks are seeking an order that Mallya should appear in person before the court.
As a result, the forecast of eight per cent retail inflation by January next year looks achievable.
Inflation indexed bonds assure a positive return over inflation.
Most of these road contracts are spread across Andhra Pradesh, Haryana, Karnataka, Odisha, Rajasthan, Tamil Nadu, Uttarakhand and West Bengal, with the government struggling to restart them.
