It was a bad start to the week for RBL Bank. The shares of the private lender fell sharply to hit a 52-week low after hitting a lower circuit of 20 per cent on the stock exchanges. As of 11 am, RBL Bank shares were trading at Rs 139, down 19.42 per cent, on the Bombay Stock Exchange. On the National Stock Exchange…
The year 2021 is about to come to an end and we are going to enter 2022. As we step into 2022, it is important for all the customers to know when the banks will remain closed in the month of January 2022, so that they can plan their banking activities accordingly. The Reserve Bank of India (RBI) has released a list…
Indian shares fell on Monday as a global surge in Omicron variant cases weighed on investor sentiment, with RBL Bank shedding 10% after its top executive stepped down and the central bank appointed an executive to its board. The NSE Nifty 50 index was down 0.75% at 16,876 by 9:16 am and the benchmark S&P BSE Sensex…
There has been no revision in the prices of petrol and diesel across the country on Monday, December 27, 2021. The state-run oil marketing companies (OMCs) have maintained stability in fuel rates in the domestic market for almost two months now. Notably, the government reduced the duty on petrol by Rs 5 per litre and…
On December 27, while gold is trading on the higher side, silver rates are retailing on the lower side of the Multi Commodity Exchange (MCX). With a hike of Rs 116 or 0.24 per cent, gold futures maturing on February 4, 2022, are retailing at Rs 48,119 per 10 grams on the MCX. Meanwhile, silver rates, maturing on March…
HP Adhesives made a strong stock market debut on Monday as its shares listed at a premium of 16 per cent. Shares of the company got listed at Rs 315 per share on the National Stock Exchange (NSE) at a premium of 15 per cent to its IPO issue price of Rs 274 apiece. On the Bombay Stock Exchange (BSE), the shares of the…
It’s the newest bird in the sky. The soon-to-be-launched, ultra-low-cost airline Akasa Air unveiled its brand identity on Wednesday. The Rakesh Jhunjhunwala-backed airline has crafted what it calls ‘The Rising A’ as its symbol. Akasa says it represents the spirit of flying, the aim of height and the…
RBI’s new mandate will change the way you handle your online payments. The Reserve Bank of India has a new set of guidelines for payment gateways and online merchants that would stop them from storing customers’ card details. This clearly means that you will have to remember your 16 digit card number or…
Hong Kong-listed FIH Mobile Ltd’s India unit Bharat FIH Ltd filed for an initial public offering of up to 50.04 billion rupees ($662.97 million) on Wednesday, according to its draft prospectus. Shares of FIH Mobile, a unit of Apple Inc supplier Foxconn, surged 6.7% earlier in the day in Hong Kong after…
The domestic initial public offering (IPO) market saw serious demand in 2021 as investors rushed to grab shares of several companies that went public to raise funds. It has been a record-breaking year in terms of funds raised through IPOs, with as many as 65 companies raising Rs 1.35 lakh crore so far. There are…