Feb 24, 2017 at 16:15 | Source: Moneycontrol.com
Another banking sector fraud with Children Bank of India substituting the Reserve Bank of India in the fake 2000 rupee notes dispensed by a State Bank of India ATM, has raised concerns over banks cash outsourcing services.
Feb 24, 2017 at 13:13 | Source: Reuters
The IPO by Avenue Supermarts, which operates 118 stores across 45 cities under the "D'Mart" brand, comes at a time when share markets are rallying, with the NSE index on Thursday hitting its highest since March 2015.
Feb 24, 2017 at 09:43 | Source: Moneycontrol.com
In a free-wheeling interview with Economic Times Axis Bank CEO Shikha Sharma said a marriage isnt on the cards. She was responding to market speculation that a a bunch of suitors have come calling.
Feb 24, 2017 at 09:14 | Source: Moneycontrol.com
Indian ADRs ended mixed on Thursday. Tata Motors declined 0.41 percent and Wipro rose 1.46 percent.
Feb 23, 2017 at 15:36 | Source: PTI
Buying spree by foreign investors had led to a breach of their maximum purchase limit in HDFC Bank on February 17.
Feb 23, 2017 at 08:05 | Source: Moneycontrol.com
Indian ADRs ended lower on Wednesday. Dr Reddy's Laboratories was down 0.18 percent and HDFC Bank fell 0.55 percent.
Feb 22, 2017 at 16:16 | Source: Moneycontrol.com
Petrochemical major Reliance Industries was the biggest gainer and also the largest contributor to Sensex & Nifty gains. The stock jumped 11 percent to Rs 1,207.65, the highest closing level since May 29, 2008, especially after Mukesh Ambani, Chairman and Managing Director announced Reliance Jio's new tariff plans.
Feb 22, 2017 at 15:58 | Source: Moneycontrol.com
From the only eligible reported proposal of a Kotak Bank, the list has now widened to include other big names like ICICI Bank, HDFC Bank and HDFC. There could be some over-ambitious mid-sized players also queueing up over the next few weeks.
Feb 22, 2017 at 15:32 | Source: PTI
However, there are no plans to change foreign portfolio investment limit for the banking sector which is presently pegged at 74 percent, sources said.
Feb 22, 2017 at 14:00 | Source: PTI
Net profit surged more than four times to 2.0 billion pounds (USD 2.5 billion, 2.4 billion euros) in 2016 compared with net profit of 466 million pounds a year earlier, LBG said in an earnings release.