NTPC was the top gainer in the Sensex pack, rallying around 4 per cent, followed by Titan, SBI, HUL, IndusInd Bank and UltraTech Cement. NSE Nifty advanced 63.15 points to 15,746.50.
The government on Monday said it will kickstart its ambitious Rs 30,000 crore (Rs 300 billion) divestment programme with stake sale in RINL this month.
The Nifty Bank index has come off 15 per cent from its peak in February, underperforming the benchmark Nifty which is down 6%.
The Congress-led UPA government has mooted change in norms for appointment of independent directors on board of public sector firms to make even politicians and trade union leaders eligible for the posts.
Public sector banks have performed better than their private sector counterparts in customer service.
The Central Bureau has summoned Trinamool Congress's member of Parliament Abhishek Banerjee's brother-in-law in connection with a case of alleged illegal coalmining from the mines of the Eastern Coalfields Limited (ECL) in West Bengal's Asansol, involving the "kingpin" of the racket, Anup Manjhi, officials said on Friday.
Titan was the top loser in the Sensex pack, shedding over 1 per cent, followed by TCS, HCL Tech, Reliance Industries, UltraTech Cement and Bharti Airtel. NSE Nifty settled 45.65 points down at 15,814.70.
Public sector bank employees on Tuesday went on a day's strike all over the country to protest against mergers and acquisition of domestic banks and government's move to allow 74 per cent foreign direct investment in private banks.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Through anchor allotment, a firm can demonstrate the demand for shares by getting marquee investors on board.
Although private banks continued to operate as usual majority of trade and industry was hit by the strike by staff of 25 nationalised banks who are demanding revision of wages and a second option for pension among other things. The Indian Banks' Association, a grouping of public sector banks, is yet to formally respond to the demands of the striking employees.
Capital needs are likely to increase substantially each year.
As the Indian banking sector is slowly discovering the growth potential of the retail segment, investors need to carefully evaluate the strategies of banks for the retail segment.
Star Indian sprinter Hima Das has donated her one month's salary to the Assam government to help the state combat the dreaded COVID-19 pandemic. Das, an Asian Games gold-medallist besides being an under-20 World champion in 400m, is employed with PSU major Indian Oil as an HR officer in Guwahati.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The erstwhile divestment commission to be now be replaced by the BRPSE.
The move towards indigenisation of defence procurement creates new opportunities for India's military industrial sector. The Government of India (GoI) has so far released five lists of items for positive indigenisation - these should be manufactured in India, rather than imported. Each item on these lists represents an opportunity for some local firm.
Petroleum Minister Mani Shankar Aiyar on Thursday held discussions with chief executives of public sector oil companies to explore the possibility of merging BPCL and HPCL with ONGC and OIL with IOC to create two oil behemoths.
To address the shortage of COVID-19 jabs in the country, the government is exploring the possibility of boosting production of vaccines, including identifying manufacturing sites for indigenously developed Covaxin outside India, sources said.
IndusInd Bank was the top loser in the Sensex pack, shedding over 3 per cent, followed by HUL, ONGC, ICICI Bank, Axis Bank, Kotak Bank, M&M and Tech Mahindra. NSE Nifty tumbled 154.25 points to 14,696.50.
The Central Bureau of Investigation (CBI) on Friday issued summons to Trinamool Congress secretary general and senior West Bengal minister Partha Chatterjee in connection with the I-core ponzi scam, sources in the agency said.
Setting at rest any confusion over rollback of divestment of cash-rich oil companies in the wake of blue chip oil firms taking a beating in the stock market
Banks, including country's largest lender State Bank of India, have informed the customers well in advance about the likely inconvenience due to strike.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
ITC was the top loser in the Sensex pack, shedding nearly 3 per cent, followed by Tech Mahindra, Axis Bank, Asian Paints, TCS, HCL Tech, HDFC and Kotak Bank.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The current process for selecting auditors could compromise their "independence".
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
The government on Friday slapped an export tax on petrol, diesel and jet fuel (ATF) while also joining nations like the UK in imposing a windfall tax on crude oil produced locally. A Rs 6 per litre tax on export of petrol and ATF and Rs 13 per litre tax on export of diesel is effective from July 1, finance ministry notifications showed. Additionally, a Rs 23,250 per tonne tax was levied on crude oil produced domestically.
In April 2004, the ministry had permitted banks to purchase new vehicles for replacement or otherwise on "need basis".
Parekh said divestment can unlock huge funds.
Arun Jaitley addressed a post-Budget press conference.
Tata Sons stake in the group's listed companies is now worth Rs 9.28 trillion, up 34.4 per cent on a year-on-year (YoY) basis. In comparison, the Government of India's stake in listed central public sector undertakings (PSUs) is currently valued at Rs 9.24 trillion
HCL Tech was the top loser in the Sensex pack, skidding over 4 per cent, followed by Tech Mahindra Dr Reddy's, Wipro, TCS, Titan and Infosys. NSE Nifty plunged 167.80 points to 17,110.15.
