News for 'PSU Banks let India'

Right Time To Invest In Govt Bonds

Right Time To Invest In Govt Bonds

Rediff.com4 Nov 2022

Investors not comfortable investing directly may take the mutual fund route, where they get exposure to a diversified portfolio of bonds.

Chip shortage may spoil the party for carmakers this festive season

Chip shortage may spoil the party for carmakers this festive season

Rediff.com6 Sep 2021

For automakers, the festive season is about raking it in through ramped up sales and attractive consumer offers. However, despite the robust demand, what may spoil the party this year is a global shortage of semiconductors.

Sensex gains 89 points at close; Nifty ends at 9,108

Sensex gains 89 points at close; Nifty ends at 9,108

Rediff.com24 Mar 2017

In the broader market, the S&P BSE Midcap ended 0.1% down, while the S&P BSE Smallcap index gained 0.3%.

Sensex snaps record closing run on profit booking in energy, banking stocks

Sensex snaps record closing run on profit booking in energy, banking stocks

Rediff.com29 Aug 2018

Coal India fell the most by 2.58 per cent among Sensex scrips, dragging the index into the negative zone.

Markets end with modest gains on value-buying

Markets end with modest gains on value-buying

Rediff.com22 May 2018

The session was marked by volatility and stock-specific action, even as the overall sentiment remains risk-averse, brokers said.

FinMin to seek special dividend from profit making PSUs

FinMin to seek special dividend from profit making PSUs

Rediff.com28 Nov 2013

In the last fiscal, the government had originally budgeted a dividend income of Rs 27,178 crore (Rs 271.78 billion) from PSUs.

'Economy is not bad as it was during the first wave'

'Economy is not bad as it was during the first wave'

Rediff.com11 Jun 2021

'While there has been an impact on economic activity, it is not as profound as the lockdown last year.'

What you should do when markets crash

What you should do when markets crash

Rediff.com7 Feb 2018

Stick to export-focussed plays, large-caps, say analysts

'Stay invested in the equity markets'

'Stay invested in the equity markets'

Rediff.com29 Mar 2017

'If I had to highlight one area that will do well, it is the financial assets -- that is the private sector banks, insurance and mutual funds.'

Lacklustre markets end flat amid thin volumes

Lacklustre markets end flat amid thin volumes

Rediff.com24 Dec 2015

Financial shares were the top losers.

Defensive stocks lift Sensex 164 points higher

Defensive stocks lift Sensex 164 points higher

Rediff.com16 May 2016

Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week

RBI cuts key rate by 0.25%; loans to be cheaper

RBI cuts key rate by 0.25%; loans to be cheaper

Rediff.com2 Aug 2017

The banking sector in India is reeling under Rs 8 lakh crore of non performing assets (NPAs) or bad loans, of which PSU banks alone account for over Rs 6 lakh crore.

Stocks end subdued in cautious trade

Stocks end subdued in cautious trade

Rediff.com19 Jul 2018

Small- and mid-cap stocks continued facing selling pressure due to stretched valuations.

Modi's ambitious privatisation plans have few takers

Modi's ambitious privatisation plans have few takers

Rediff.com28 Dec 2022

It was touted as a game changer but big-ticket privatisation has been a mixed bag as the government faces unanticipated challenges of lukewarm investor response, employee union agitation and legal hurdles. Prime Minister Narendra Modi's often-repeated statement 'the government has no business to be in business' guided the drawing up of an ambitious privatisation pipeline. While Air India sale succeeded, Bharat Petroleum Corporation Ltd (BPCL) divestment failed.

Why is Kejriwal tweeting so much about Modi?

Why is Kejriwal tweeting so much about Modi?

Rediff.com30 May 2016

Twitter is a great medium for political leaders to communicate with their supporters and engage with their opponents. Provided the tweets are coherent and sensible. So why is the Delhi chief minister tweeting illogical stuff about the PM, asks Sudhir Bisht.

Modi must focus on 3 factors to sustain 8% GDP growth

Modi must focus on 3 factors to sustain 8% GDP growth

Rediff.com18 May 2018

GST stabilisation, DTC implementation and banking reforms are crucial for sustaining high growth for a long period, says Rashesh Shah.

Sensex rallies 534 pts led by gains in index heavyweights

Sensex rallies 534 pts led by gains in index heavyweights

Rediff.com4 Oct 2021

NTPC was the top gainer in the Sensex pack, rising around 4 per cent, followed by Bajaj Finserv, SBI, Bajaj Finance, Tech Mahindra, Dr Reddy's and Tata Steel.

Rajan says attacks on him were 'abominable'

Rajan says attacks on him were 'abominable'

Rediff.com10 Aug 2016

Rajan said the process of dialogue with the government did not reach a stage where he could have agreed to stay on

How loan waivers will hurt the states

How loan waivers will hurt the states

Rediff.com27 Dec 2018

Among the states due for election next year are AP, Haryana and Odisha, which have a fair share of agri credit. If these states individually announced debt relief, the combined waiver would be at least around Rs 600 bn to Rs 700 bn. Clearly, this will be a frightening challenge for Indian banks.

2-day nationwide trade union strike from March 28

2-day nationwide trade union strike from March 28

Rediff.com23 Mar 2022

A joint forum of central trade unions has given a call for a nationwide strike on March 28 and 29, to protest against government policies affecting workers, farmers, and people. The Joint Platform of central trade unions held a meeting in Delhi on March 22, 2022, to take stock of the preparations in various states and sectors for the proposed two-day all India strike on 28-29 March 2022 against "the anti-worker, anti-farmer, anti-people and anti-national policies" of the central government, a statement said. The statement said that roadways, transport workers and electricity workers have decided to join the strike in spite of the impending threat of ESMA (Haryana and Chandigarh, respectively). Financial sectors, including banking and insurance, are joining the strike, it stated.

Markets: 'Volatility to remain higher than usual'

Markets: 'Volatility to remain higher than usual'

Rediff.com3 Jun 2022

'Periods of high volatility are usually bad for mid-caps and this is something that has to be kept in mind.' 'Focus on quality is of paramount importance.'

India to witness investment revival in 2-3 years: Credit Suisse

India to witness investment revival in 2-3 years: Credit Suisse

Rediff.com29 Oct 2014

The first was wholesale funded banks and non-bank finance companies.

Day 4: India continues to stand in queue as banks work on Sunday

Day 4: India continues to stand in queue as banks work on Sunday

Rediff.com13 Nov 2016

To manage anxious crowds, as many as 3,400 personnel of paramilitary and Delhi Police along with 200 quick reaction teams have been deployed at ATMs and banks.

Equity MFs added Rs 7,300 crore in Dec

Equity MFs added Rs 7,300 crore in Dec

Rediff.com18 Jan 2023

Net investments in active equity mutual fund (MF) schemes rose to Rs 7,300 crore in December after declining to a 21-month low of Rs 2,260 crore in November, shows the latest data from the Association of Mutual Funds in India (Amfi). The rebound in net inflows was driven by a surge in investments and moderation in redemptions. While the inflows into these schemes rose 5 per cent month-on-month (MoM) in December, the redemptions were 14 per cent lower compared to November.

Sensex, Nifty end flat but at record closing highs

Sensex, Nifty end flat but at record closing highs

Rediff.com11 May 2017

The breadth, indicating the overall health of the market, turned negative. On the BSE, 1,581 shares declined and 1,246 shares fell. A total of 165 shares were unchanged.

Markets sink as Budget session begins

Markets sink as Budget session begins

Rediff.com23 Feb 2016

Mixed global cues and decline in crude oil prices further dent the sentiments.

Top 10 bank exams to prepare for in 2017

Top 10 bank exams to prepare for in 2017

Rediff.com8 Feb 2017

Timely preparation and picking the right questions will help you crack these examinations and secure a job.

Sensex drops 275 pts, Nifty slips below 10,600 on global selloff

Sensex drops 275 pts, Nifty slips below 10,600 on global selloff

Rediff.com21 Nov 2018

Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth

Decision on FDI cap soon: FM

Decision on FDI cap soon: FM

Rediff.com2 Jul 2013

Seeking to spur foreign investments, Finance Minister P Chidambaram has said the Union Cabinet will decide on raising FDI caps in different sectors in the third week of this month.

India Inc braces for fallout of Russia-Ukraine crisis

India Inc braces for fallout of Russia-Ukraine crisis

Rediff.com23 Feb 2022

Stocks of Indian companies with exposure to Europe fell on Tuesday amid concerns about the impact on their sales in case the Russia-Ukraine crisis worsens and the US and its allies impose economic sanctions on Russia. While top conglomerates, including Reliance Industries, the Tata group, and Aditya Birla Group, said they did not have any significant exposure to Russia, executives of some of the oil and gas, pharmaceutical, and tea companies said they were monitoring the situation closely as they earned substantial income from the region. Russian President Vladimir Putin on Monday ordered troops into two breakaway regions of eastern Ukraine after announcing that Russia would recognise their independence.

Re plunges 106 paise to 3-week low of 60.47

Re plunges 106 paise to 3-week low of 60.47

Rediff.com30 Jul 2013

The steep fall in rupee came on a day when the Reserve Bank of India in its first quarter review of monetary policy kept the all key rates unchanged but cut the gross domestic growth forecast to 5.5 per cent for FY'14 from 5.7 per cent earlier.

Kingfisher should be given loan, other papers by PNB: Court

Kingfisher should be given loan, other papers by PNB: Court

Rediff.com27 Aug 2014

A bench of Justice Vibhu Bakhru, which later decided to hear the matter on Thursday again, also said that the ailing airlines can be allowed to be represented by a lawyer in the proceedings to be conducted by the PSU bank against it.

Markets end in red; pharma, metal trip

Markets end in red; pharma, metal trip

Rediff.com28 Jul 2017

It, however, was a record-smashing week for both the indices, which scaled their lifetime highs.

Volatile markets end flat; metals, banks shine

Volatile markets end flat; metals, banks shine

Rediff.com11 Sep 2013

Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.

'NPAs are more a symptom than the disease'

'NPAs are more a symptom than the disease'

Rediff.com18 Feb 2016

'The disease is we have models that are still based on debt and not equity. And banks are singularly not equipped to lend for longer duration projects, which often take 20 years.'

Why LIC buying 30% of IDBI Bank is bad news

Why LIC buying 30% of IDBI Bank is bad news

Rediff.com4 Jul 2018

'LIC's proposed investment will come out of what is technically called the 'policyholders funds'.' 'As the name implies, these monies belong to policyholders; that is, you, me and 25 crore others who have taken a total of 30 crore policies from LIC.' 'It is not the government's or LIC's money to play poker with,' says S Muralidharan, former managing director, BNP Paribas.

FinMin thinks out of the box, to get best talent for ailing PSBs

FinMin thinks out of the box, to get best talent for ailing PSBs

Rediff.com2 Jan 2015

The Finance Ministry is considering a proposal to rope in professionals from the private sector for appointment of chairman and CEO-cum-managing director in state-owned financial institutions as it looks for talent from a wider pool of applicants.

Profit booking, global cues drag markets

Profit booking, global cues drag markets

Rediff.com22 Apr 2016

The S&P BSE Sensex shed 42 points to close at 25,838 and the Nifty50 lost 13 points to end at 7,899.

Markets post 3rd weekly gains on macro cheer, earnings optimism

Markets post 3rd weekly gains on macro cheer, earnings optimism

Rediff.com13 Apr 2018

The broader NSE Nifty gained 22 points to 10,480.60

GST top priority, tax rates to come down: Jaitley

GST top priority, tax rates to come down: Jaitley

Rediff.com7 Sep 2016

The challenges before the government, he said, is to put public sector banks back on track and continue to operationalise stalled infrastructure projects