Former State Bank of India (SBI) chairman Pratip Chaudhuri’s arrest in connection with an alleged loan scam case has sent shockwaves across the public sector banking space, leaving many top bankers in disbelief. Chaudhuri, 68, was arrested by Rajasthan Police from his home in Delhi on Sunday after a complaint was…
Indian shares rose on Wednesday, helped by IT stocks and telecom firm Bharti Airtel after its upbeat earnings, as investors eyed quarterly results from State Bank of India due later in the day. The blue-chip NSE Nifty 50 index rose 0.44% to 17,967.30 and the benchmark S&P BSE Sensex rose 0.41% to 60,275.16 by 9:27…
Gold and silver are trading on the lower side of the Multi Commodity Exchange(MCX) on Wednesday. Recording a downfall of 0.37 per cent or Rs 178, gold futures, maturing on December 3, 2021, are retailing at Rs 47,584 per 10 grams. The rate of silver futures, maturing on December 3, 2021, stands at Rs 63,153 per kg with…
The cryptocurrency market witnessed a range-bound session over the past 24 hours, with top virtual coins trading marginally higher. Bitcoin, the world’s largest cryptocurrency, was trading at $61,713.64 or nearly 2 per cent higher than its price 24 hours ago at 11:40 am. The market capitalisation of Bitcoin remains…
On November 2, 2021, both gold and silver rates are trading on the lower side of the Multi Commodity Exchange (MCX). Witnessing the downfall of Rs 63 and 0.13 per cent, gold futures, maturing on December 3, 2021, are trading at Rs 47,835 per 10 grams on the MCX. Meanwhile, silver futures, maturing on December 3, 2021,…
In a report on Indian economy moving towards greater degree of formalisation, the SBI’s economic research division has batted for the need for support through a better designed tax structure, particularly indirect taxes on items like fuel for tax paying households which are contributing majorly to the private final…
Benchmark stock market indices opened positive on Tuesday after closing sharply higher yesterday. The S&P BSE Sensex opened roughly 100 points higher at 60,246, while the NSE Nifty 50 was trading 0.24 per cent higher at 17,962. Stock markets, however, remain volatile as weak global cues continue to hurt IT and…
Indian shares rose on Tuesday, helped by automobile stocks after an upbeat outlook from Tata Motors, while investors also awaited results from other heavyweights including Sun Pharma and Bharti Airtel due later in the day. The blue-chip NSE Nifty 50 index rose 0.27% to 17,978.05 and the benchmark S&P BSE Sensex…
Indian shares rose on Tuesday in a volatile session, led by gains in metal and auto stocks, with investors focusing on commentaries from companies over the impact of higher input costs on margins in an earnings-heavy week. The blue-chip NSE Nifty 50 index ended up 0.8% at 18,268.40, while the benchmark S&P…
The much-anticipated initial public offering (IPO) FSN E-Commerce Ventures Limited, the parent company of online beauty and lifestyle products aggregator Nykaa, will open for subscription on October 28. A lot of buzz has been seen in the market regarding Nykaa’s public issue as it will be the second Indian tech…