Home Minister Rajnath Singh said that the decision could cost the government roughly Rs 15,000 crore.
The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively
The IMPS platform has 28 banks under it and account holders of any of these banks can use the newly launched service, Sharma said, adding that there will be no charges for either sending or receiving the money.
The benchmark indices have rallied 28 per cent this year, while the broader market has outperformed
While industry is upbeat, start-ups in the space sector are finding it difficult to cater to the demand due to a lack of funding, issues related to policy like foreign funding, intellectual property, etc, and a lack of support in testing.
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.
InterGlobe Aviation has already raised Rs 832 crore from anchor investors.
The real benefits can be seen when prices stabilise, preferably at levels acceptable to both consumers and producers.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
How has the note ban affected newspapers and the rest of the media?
MFs have garnered record assets in the past one year, led by increased investor participation through SIPs and robust returns in mid-cap schemes.
Sebi splits CMD post and has directed listed companies to have at least six directors and at least one of them needs to be a woman.
'Macro headwinds are rising for Indian equities in the form of rising commodity prices, especially oil, depreciating rupee, fiscal challenges, election-related uncertainty and upside risks to inflation'
The report contains names of entities eligible for bank licences. It was not immediately known how many applicants have been shortlisted by the high-level advisory panel.
Geo-political concerns over death of a Saudi journalist, Brexit and likely breach in Italy's budget also kept investors cautious.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Banks are not allowed to lend to developers for purchasing land parcels.
High net worth individuals (HNIs) are considered more investment-savvy than retail investors.
Here's why VCCs are the best options for credit and debit card holders for avoiding phishing and frauds
Reliance announced energy asset sales worth around $ 16 billion; end of the investment cycle in telecom; bringing net-debt to zero in 18 months; value-unlocking options for real estate and financial assets; listing of telecom and retail in five years; and focus on dividends.
What stocks will gain from a normal monsoon?
In the April-June period, bond yields rose by 30 bps.
Of the 280-odd equity schemes that have been in existence for five years or more, 190 funds or about 70 per cent of those funds have outperformed their respective benchmark indices.
The Reserve Bank of India's latest data indicate that spending per card is rising steadily - something that consumers should worry about
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Based on this screening, the committee may weed out applications that do not meet the eligibility yardstick or the 'fit and proper' criteria for securing a licence.
Asset quality stress has ballooned recently, as growth slowed and interest rates continued to rise.
SBI's gross NPA figures have shown a decline for three consecutive quarters.
More than 1,000 independent directors have quit since January 2017; more could be on their way out
Eight investment banks including HSBC and India's ICICI Securities and SBI Capital have submitted bids to manage a 10-per cent stake divestment in state-owned Coal India.
Construction major L&T was the biggest gainer among the Sensex components, spurting 2.30 per cent, after the company said its board has approved a Rs 9,000-crore share buyback plan.
The National Stock Exchange's proposed IPO to raise Rs 10,000 crore this year is expected to see the largest ever PE exit, of around Rs 5,000 crore.
Despite a rise in input costs, leading car-makers refrain from hiking their price.
Other members of the high-level advisory committee are former RBI Deputy Governor Usha Thorat, former Securities and Exchange Board of India Chairman C B Bhave, and Nachiket M Mor, Director of the Central Board of Directors of RBI, Governor Raghuram Rajan said.
The move comes within months of a crisis at JPMorgan Asset Management Company.
Cross previous high of $72 billion in 2007 as Indian promoters overcome the selling taboo. Abhineet Kumar reports from Mumbai.
As FIIs pull out of road projects, doubts have surfaced about the future of new highways and roads
Netflix and Prime have decided that rather than only buying the rights to Bollywood blockbusters to expand their reach in India, producing original content would be a better idea.
Welcome to the era of too many investors chasing a limited number of commercial real estate deals.
Select companies in infra, capital goods, private banks, auto, oil & gas, and mining could be considered by investors.
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