The cumulative m-cap of the companies listed on the BSE soared to a new peak of Rs 82,02,907 crore at 1200 hours.
Under the Goods and Services Tax, effective midnight of June 30, most of the financial services would attract a higher tax of 18 per cent as against 15 per cent as of now.
The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
You can still save money, says Samkit Maniar
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.
The government on Thursday cleared the long-awaited sale of the UTI Asset Management Company to three state-owned banks and the LIC at a price of Rs 1,237 crore.
M Damodaran is likely to head the new market value-based UTI Mutual Fund, promoted by LIC and three leading banks, after the new fund becomes operational from February 1.
Budget in the medium term aims to kick-start the investment cycle.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
There are three important issues which one needs to consider before opting for one type of a loan over the other. Check them out.
If purists are surprised as to why and how people are not demanding prohibition or not talking about past promises, both in the election manifestos five years back and even those made to the courts, the answer lies in how the state has been evolving and changing these past few years, says N Sathiya Moorthy.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Eight months after India's largest car maker, Maruti Suzuki India, announced plans for a Gujarat unit to be set up as a wholly-owned subsidiary of parent Suzuki, opposition to the move continues to simmer.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
.jpg)
The penalty was levied in connection with deficiencies and lapses in the operation and maintenance of the currency chest at the Secunderabad branch of SBI, it said. Last month, the RBI had imposed a penalty of Rs 3 crore (Rs 30 million) on SBI for violating know your customer/anti-money laundering norms.
Life insurance industry grew by over 65 per cent to Rs 5,436 crore in September compared to Rs 3,291 crore premium income from new business in July, mainly due to the success of LIC's Varishtha Pension Bima Yojana.
An advisory body of EPFO has rejected a proposal to engage private banks -- ICICI, Axis and HDFC Bank -- for collection of PF contribution from employers.
They have also been accused of extending loans for criminal intent of falsification of repayment by a number of borrowers, including some entities associated with large corporate groups.
Share prices of Dewan Housing, Indiabulls Housing, and PNB Housing have declined 30-80% in the past one year
There is a case for analysing the fiscal deficit, separately for expenditure and investment.
Institutional investors - both foreign and domestic - lapped up the government's big-ticket share sales on Friday, helping it add nearly Rs 9,000 crore to its revenue kitty.
These schemes came into force from June 1.
Advisors and agents known to you personally can also sell wrong policies.
The court also made clear that the second opportunity has been granted to the citizens keeping in mind the "magnitude" of the issue.
Control over PSU banks is what is allowing the government to drive this scheme.
The FM should quietly get the oil companies to offload the shares in the market and pocket the gains
The SC sought the Centre's response on the suggestion that any one of the 10 documents can be used by claimants to prove legacy.
Jignesh Shah, the promoter of Financial Technologies India Ltd, on Wednesday resigned from the board of MCX Stock Exchange, amid continuing Rs 5,600 crore (Rs 56 billion) payment crisis at group company NSEL.
From banking to teaching, the list covers all.
Captain Shikha Surabhi is the first woman to lead a formation of 36 men and 9 Royal Enfields of the Indian Army's motorcycle display team on Republic Day.
The curious thing is that savings instruments have not really kept pace with changing needs, although people have access to a wider variety than before.
General, life insurers with 8 & 10 yrs in biz, respectively, may have to list
Did you know that annual premium-paying option is cheaper than a monthly premium paying option?
Don't share information over phone with anyone. Use only official apps. Keep Aadhaar locked unless needed.
In the past three years, personal loans have grown at twice the rate of growth in personal disposable income, leading to a steady rise in household indebtedness. At the end of March this year, Indians owed Rs 25.2 lakh crore to banks and listed non-banking finance companies (NBFCs), up 65 per cent in the past three years.
