4:09 PM
Blogger
10:10 PM
Blogger
Ant Group has been fined CNY7.12bn ($984m) by Chinese authorities, bringing to an end a regulatory revamp. The central bank, which has been leading the overhaul, ordered Ant to compensate users and halt operations at its Xianghubao service, in one of China's largest-ever fines for an internet company.
9:11 PM
Blogger
The share price of both companies slid in May after MSCI said that it would use an adjustment factor of 0.50 to compute the weightage of the merged entity, which Nuvama Research estimated would likely lead to a combined outflow of $150-$200 million.
9:10 PM
Blogger
9:10 PM
Blogger
8:09 PM
Blogger
8:09 PM
Blogger
8:10 AM
Blogger
A presentation by the department of financial services for the FM's meeting with bank CEOs had flagged the prospect of deposits coming under pressure due to the merger of HDFC. Similarly, the government was of the view that the country's largest private lender will also tap HDFC customers for loans, sources familiar with the deliberations told TOI.
10:10 PM
Blogger
9:11 PM
Blogger
Rajay Sinha, chief general manager in charge of global markets, will become managing director and chief executive at the brokerage arm SBI Capital Markets Ltd, the people said, asking not to be identified as the details aren’t public.
8:19 PM
Blogger
6:10 PM
Blogger
4:09 PM
Blogger
9:10 PM
Blogger
8:10 PM
Blogger
7:10 PM
Blogger
5:11 PM
Blogger
Indian shares were mostly unchanged on Wednesday due to the rise in auto and consumer stocks offsetting the fall in financials. Nifty index rose 0.05% to 19,398.50, while the BSE Sensex lost 0.05% to 65,446.04. Financials lost 0.82%, with HDFC and HDFC Bank stock falling over 3%. Smallcaps and midcaps indexes hit new 52-week and record highs, respectively.
5:10 PM
Blogger
3:09 PM
Blogger
6:09 PM
Blogger
3:09 PM
Blogger
1:09 PM
Blogger
12:11 PM
Blogger
10:10 AM
Blogger
5:10 PM
Blogger
4:11 PM
Blogger
As much as 76% of the Rs 2,000 notes in circulation have been returned to banks, mostly through deposits, the Reserve Bank of India said on Monday. On May 19, RBI announced withdrawal of Rs 2,000 notes in circulation and gave public time till September 30 to either deposit the currency notes in their bank accounts or get them exchanged.
2:09 PM
Blogger
10:10 AM
Blogger
8:10 AM
Blogger
2:09 PM
Blogger
12:10 AM
Blogger
The reverse merger of HDFC with its subsidiary HDFC Bank effective Saturday has increased the total business of the merged entity to over Rs 41 lakh crore, closer to the country's biggest lender SBI.The total business (deposit and advances) of State Bank of India (SBI) stood at Rs 70.30 lakh crore at the end of March 31, 2023.However, the combined profit is higher at Rs 60,000 crore as compared to Rs 50,232 crore recorded by SBI in FY23.
RSS Feed
Twitter
