New Delhi: Equity investors became poorer by Rs 8.91 lakh crore on Wednesday as markets came under a bear attack, with the benchmark Sensex falling almost 931 points after hitting its fresh all-time high level. Erasing all its early gains, the 30-share BSE Sensex crashed 930.88 points or 1.30 percent to settle at 70,506.31 points. The…
Johannesburg: South African investment platform Satrix has lauded the Indian equity market for exceptional growth while other emerging economies have been struggling. “It has been four stellar years of growth for the Indian equity market despite a global pandemic and various regional instabilities plaguing other emerging economies during this time,” Satrix said in a statement…
New Delhi: There has been a 28 percent annual increase in unclaimed deposits with the banks to Rs 42,270 crore as on March 2023, Parliament was informed on Tuesday. As compared to Rs 32,934 crore unclaimed deposits with public and private sector banks in FY22, the amount increased to Rs 42,272 crore at the end…
Mumbai: India’s central bank on Tuesday barred entities regulated by it, including banks and non-banking finance companies (NBFCs), from investing in alternate investment funds (AIFs) that have investments in existing and recent borrowers. This includes companies in which lenders have current exposure such as an investment or a loan or in the past 12 months,…
Kolkata: On the eve of the INDIA bloc’s meeting in New Delhi, the Trinamool Congress, a major constituent of the alliance, urged the Congress to abandon its “Zamindari culture” and work towards presenting senior leaders like Mamata Banerjee as the face of the alliance. Banerjee, the TMC supremo and Chief Minister of West Bengal, is…
Mumbai: The Reserve Bank of India’s board on Monday reviewed the prevailing economic and financial scenario, including the challenges posed by geopolitical developments. The 605th meeting of the Central Board of Directors of Reserve Bank of India was held today in Ekta Nagar (Kevadia) under the Chairmanship of Governor Shaktikanta Das. “The board reviewed the…
New Delhi: China followed “wolf-warrior diplomacy” and “salami-slicing” tactics with impunity browbeating smaller neighbours and it took the Indian Army to show to the world that “enough is enough” and challenge the “neighbourhood bully”, says Gen Manoj Mukund Naravane, the 28th Chief of Army Staff, recounting the Indian response to the Chinese aggression in eastern…
Gadag (K’taka): Karnataka Chief Minister Siddaramaiah on Sunday said his government will not be a mute spectator to corruption and will initiate action against the corrupt. He said investigations are underway in ’40 percent commission’ cases against the previous government and steps will be taken against the guilty. “If any cases of corruption are found…
Surat: Prime Minister Narendra Modi on Sunday said the Surat Diamond Bourse, the world’s largest and modern centre for international diamond and jewellery business, is the symbol of strength and determination of the new India. Modi inaugurated the Surat Diamond Bourse in Gujarat and the new integrated terminal of the city’s international airport during his…
New Delhi: Billionaire Gautam Adani’s group has acquired a majority stake in news agency IANS India Pvt Ltd for an undisclosed sum as the group expands its presence in the media space. In a regulatory filing, Adani Enterprises — the firm that holds the group’s media interest — said its subsidiary “AMG Media Networks Ltd has…
