A mixed global trend and weakness in rupee influenced the sentiments during the day.
The index had risen over 585 points in the previous three sessions.
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.
The drive against insider trading comes after SEBI last year received enhanced investigation powers from parliament, including the ability to monitor call records.
Deal with current owner Exide may be signed next week
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
'It's the brazen corruption involving politicians that makes you sit up years after the event,' notes Nivedita Mookerji after reading B K Syngal's Telecom Man.
Markets gained for the second straight session to kick-off the September F&O series on a robust note.
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The five discoveries -- D4, D7, D8, D16 and D23 - hold 0.805 trillion cubic feet of reserves, or about one-fourth of the restated reserves in the currently producing Dhirubhai-1 and 3 (D1&D3) fields in KG-D6 block, and are worth $10 billion.
Licence winners are expected to be announced by the first quarter of 2014.
CBI on Monday submitted a list of five witnesses, including Anil Ambani, who are scheduled to be called for recording of their statements before the court.
Among the stocks that have seen the largest cut by MFs, the DVR shares (shares with differential voting rights) of Tata Motors have seen a cut of 243 basis points (bps) in MFs' stake.
The government has made it much harder for tycoons to get special dispensations from Delhi
If you want his advice on your mutual fund investments, please mail your questions to getahead@rediff.co.in with the subject line, 'Mutual Fund Query', along with your name, and Omkeshwar will offer his unbiased views.
Shares of rate sensitive sectors such as realty, infrastructure, banking and automobiles ended higher ahead of the Reserve Bank of India (RBI) mid-quarter policy review on June 17.
For some, he is a visionary who grew his one-channel firm into a media giant by the sheer dint of his courage; for others, he is a compulsive risk-taker.
The govt auditor also indicts DGH and management committee of D1 and D3 fields
The Sensex ended below 28,000 for the second straight day at 27,869.
A majority of India's billionaires gained wealth in the last one year in spite of the stock market decline.
'The government is encouraging consumption through fiscal spending in a bid to push up economic growth in the face of a slowdown in corporate investment and exports.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Markets surged in late trades to snap five-day losing streak led by bank shares.
National Demorcatic Alliance ministry's list of assets is fairly wide -- from land and property to vehicles and, for quite a few, guns. Nivedita Mookerji reports
'Despite frequent high-level interactions there has been little traction on substantive issues between India and France,' says Mohan Guruswamy.
President Ram Nath Kovind on Friday strongly defended the three new agri laws saying their benefits have begun reaching 10 crore small farmers instantly, and condemned as 'very unfortunate' the Republic Day violence and 'dishonour' to the tricolour during the tractor parade by the protesting farm unions in New Delhi.
Idea may have to shell out Rs 4,500 crore in cash
Government's resolution on the contentious issue of spectrum usage fee seems to have found favour with telecom operators with none of them withdrawing their application from airways auction on the last day on Monday.
Sensex dull at close, Infosys rules, ITC drags.
The strategy of returning cash to shareholders through stock purchases could hinder their digital expansion plans
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Mumbai Monorail was to be built in two phases - Phase I of 8.93 km and Phase II of 11.20 km. The first phase ran operations for around three years before services were abruptly halted, owing to a fire incident last year. The second phase now stands completed, but is lying closed.
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
Sources privy to the development said Maran was being asked to take care of a part of the liabilities.
'Collateral damage during operations needs to be avoided.' 'Such an objective can be achieved more easily should stone throwers not gear up to en masse oppose security forces.' 'With the conditions being quite sensitive at this stage, the death of one of these boys could easily serve the terrorists in instigating violence,' notes Brigadier S K Chatterji (retd).
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
Akhilesh Yadav is now seeking to devote the remaining 18 months of his tenure in casting the state in a new mould.
Bharti will move FIPB soon for increasing Axa's stake to 49%
The fund industry may have embraced machines and robots, but managing money still needs the human touch
'For how long can investors fund loss-making companies?'
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