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Source: Live Mint The combined market valuation of eight of the 10 most valued domestic firms eroded by ₹2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day…
Source: Live Mint The Reserve Bank of India (RBI) on April 11 released a set of guidelines regarding Framework for acceptance of Green Deposits. Following those guidelines, State Bank of India (SBI) released a new deposit scheme — SBI Green Rupee Term Deposit — in a bid to mobilise deposits to support the bank in financing green initiatives….
Source: Live Mint In the budget speech of 2025, the Finance Minister of India, Nirmala Sitharaman made numerous announcements. Some of the key announcements were for example no income tax till ₹12 lakh income when taking in account the ₹75,000 standard deduction. Further, a slew of changes in TDS and TCS. Along with the same…
Source: Live Mint The combined market capitalization of six out of the ten most valuable companies surged by ₹1,18,151.75 crore last week, with HDFC Bank and Bharti Airtel emerging as the top gainers, aligning with the positive trend in equities. During the week, the BSE benchmark rose by 354.23 points (0.45%), while the Nifty gained…
Source: Live Mint The share price of State Bank of India (SBI) witnessed 1.58 per cent decline to close at ₹753.95 on Thursday’s trading session even after the public sector bank robust results for the December quarter. SBI, on February 6, posted 84 per cent year-on-year (YoY) jump in its net profit for the quarter…
Source: Live Mint Indian banks and prominent financial institutions are facing margin pressure according to S&P Global Market Intelligence, as detailed in a report by ANI. The report further elaborated that loan growth in six of India’s biggest banks on an aggregate basis is expected to decline to 12.3% in the fiscal year closing March…
Source: Live Mint Neelesh Surana, chief investment officer at Mirae Asset MF, who oversees ₹1.5 trillion in equity assets, explains how investors should navigate current market volatility, his outlook, and why the fund house is launching a small-cap fund now. Here are some excerpts from an interview. What is your outlook on the markets? The…
Source: Live Mint Shares of the State Bank of India (SBI) rose by nearly 2 per cent during Thursday’s trading session following the announcement of the date for releasing its quarterly financial results for the period ending December 31, 2024. “We inform that a meeting of the Central Board of the Bank will be held…
Source: Live Mint The combined market capitalization of five of the top-10 most-valued companies fell by ₹1,85,952.31 crore last week, with HDFC Bank experiencing the largest decline, aligning with a weak trend in the domestic stock market. During the same period, the BSE Sensex dropped 1,844.2 points (2.32 per cent), while the Nifty index shed…
Source: Live Mint The combined market capitalisation of four of the top 10 most valuable companies declined by ₹96,605.66 crore last week, with HDFC Bank experiencing the sharpest loss. Among the top firms, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, and State Bank of India saw their valuations decrease, while Reliance Industries, Bharti Airtel,…
