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Finance India NEWS. Stock Market NEWS Updated Daily

Finance India NEWS. Stock Market NEWS Updated Daily

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Finance India NEWS. Stock Market NEWS Updated Daily

Indian Bank wholly-owned subsidiary to begin operations in FY25, says MD

Public sector indian bank is engaged in floating a wholly-owned subsidiary with a capital infusion of rs 10 crore and it is expected to commence operations in the next financial year, a top official said here on thursday. the subsidiary would largely focus
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-25

Zomato Payments gets RBI approval to operate as payment aggregator

January 24 2024 onwards, zppl has the authorisation to act as a payment aggregator and issuer of prepaid payment instrument
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-25

Fund review: ICICI Pru Bluechip fund

Fund review: icici pru bluechip fund
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-25

Mumbai real estate: Top ten builders, projects and transactions in Q4

The festive quarter saw lodha group (macrotech developers) maintain its prominent position as the top performer in terms of volume and units sold.
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-25

Chart view: Which sectors did foreign investors pour money into in 2023?

In the calendar year 2023, financials saw fpi net flows of 12 million and industrial stocks saw flows of 27 million.
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-25

Amid muted equities trend, Rupee opens flat against dollar in early trade

The rupee opened on a flat note against the us dollar in the morning session on thursday, amid a muted trend in domestic equities. forex traders said the rupee is trading in a narrow range as rising crude oil prices, strong american currency, and sustained
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-25

Cashless treatment facility to be available across hospitals, says GIC

Currently, only 63 per cent of customers avail cashless treatment, whereas the remaining 47 per cent opt for reimbursement claims
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-25

Jharkhand govt brings down age for enrolling in pension scheme to 50

The jharkhand cabinet on wednesday approved the proposal of including all women, tribals and dalits above 50 in its old-age pension scheme. earlier, those above 60 years used to get the benefit of the scheme, under which rs 1,000 is provided to each benefi
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-25

Govt, RBI actively working on CBDC to enable cross border payment: FM

Rbi has already rolled out a pilot in the retail version of cbdc or the e-rupee on december 1, 2022. the e-rupee is in the form of a digital token that represents legal tender
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-25

Commercial bank credit up 16.02% till January 12, shows RBI data

Sequentially, it grew by 0.09 per cent over the previous fortnight ended december 29, 2023. the outstanding credit stood at rs 154.04 trillion as of january 12, 2024, according to rbi data
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-25

Fresh NPS adoption by corporate sector slips to 34-month low in Nov: NSO

Data shows that the addition of new monthly subscribers under the corporate segment fell by approximately 25 per cent to 7,728 in november from 10,341 in october
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-25

Bank credit expansion projected at 15% in FY24, 12% in FY25: ICRA

Rating agency icra on wednesday revised upward its bank credit growth projection at 14.9-15.3 per cent this fiscal, but said the same will lose steam and grow at 12 per cent next fiscal. at 14.9-15.3 per cent, the system level credit expansion in absolute
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-24

India's banking system liquidity deficit hit record high, shows data

The deficit widened to rs 3.34 trillion (.18 billion) as on jan. 23, nearly tripling from the start of the month, data from the reserve bank of india (rbi) showed
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-24

Ram Mandir opening: Total expenditure by tourists in UP to surpass Rs 4 trillion this yr

Sbi ecowrap estimates that the state government earn an additional tax revenue of rs 20,000-25,000 crore due to a huge spurt in several tourists during fiscal year 2025.
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-24

Rupee opens on flat note against US dollar in early trade on Wednesday

The rupee opened on a flat note and appreciated 1 paisa to 83.14 against the us dollar in the morning session on wednesday, amid a muted trend in domestic equities. forex traders said the rupee is trading with a slight negative bias amid selling pressure f
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-24

What should your investing strategy be? Balanced with higher large-cap allocation

Brokerage icici securities' preference is reasonably valued cyclical stocks over expensive defensives with growth concerns.
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-24

How Canada's international student cap will impact India

Over 41 per cent or 225,835 - of all permits were handed over to indians in the year 2022. additionally, around 300,000 indian students went to canada in 2023 alone.
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-24

RBL Bank targets 20% loan growth over next two financial years: CEO

"we are trying to get into areas which are futuristic ... and have a better management of the capital," r subramaniakumar told reuters in an interview
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-24

PE/VC bets drop for second year, down 11% at .8 bn in 2023: Report

Investments by private equity and venture capital funds declined for the second consecutive year in 2023 after the "funding winter" impacted 2022, a report said on wednesday. the dedicated funds poured in usd 49.8 billion across 853 deals in 2023, as again
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-24

Burden to call for curing of defects in tax return on assessing officer: SC

In appeals filed by the revenue, the high court reversed the finding of the tribunal. challenging the order of the high court, the firm and its partners moved the supreme court
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-24

Govt allows direct listing at IFSC to enable local cos raise global capital

The move will enable startups and other domestic companies to access the global market and raise capital in foreign currency through gift ifsc
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-24

SBI Card raises Rs 525 crore via issuance of non-convertible debentures

Sbi card on wednesday said it has raised up to rs 525 crore by issuing non-convertible debentures to fund its business growth. it will allot 525 fixed rate, unsecured, rated, taxable, redeemable, subordinate tier ii, listed, non-convertible debentures aggr
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-24

Affordable housing co SMFG Grihashakti secures Rs 300 crore from NHB

Affordable housing finance company smfg grihashakti on tuesday said it has secured rs 300 crore funding from the national housing bank (nhb). this is the company's maiden long-term loan from the nhb and it opens up an additional avenue for long-term, low-c
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-23

Benchmark 10-yr bond yields steady at 7.1% as traders await fresh cues

India's benchmark 10-year yield ended at 7.1751%, following its previous close at 7.1790%. india's bond markets were shut on monday and will be closed on friday
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-23

Indel Money aims IPO in FY27, floats debentures worth Rs 200 crore

Gold loan company indel money, which aims at initial public offering (ipo) in 2026-27, on tuesday announced public issue of debentures worth rs 200 crore. the fourth public issue of secured, redeemable non-convertible debentures (ncds) of rs 1,000 face val
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-23

Global cos at WEF view India as attractive investment spot: DPIIT secy

India was viewed favourably by major global corporations attending the recently concluded world economic forum (wef) meet at davos (switzerland), a top government official has said. secretary in the department for promotion of industry and internal trade (
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-23

Ahead of index inclusion, top Indian fund managers look to boost inflow

The cohort are betting on inclusion in global bond indexes to drive returns after the central bank doused speculation of an interest-rate cut
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-23

Rupee depreciates 6 paise to 83.13 against US dollar in early trade

The rupee depreciated 6 paise to 83.13 against the us dollar in the morning session, amid elevated crude oil prices and dollar demand from importers. forex traders said the rupee is trading in a narrow range as the support from positive domestic equities w
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-23

Net FDI in India down to $ 13.54 billion in Apr-Nov 2023, shows RBI data

This decline was primarily due to a fall in global inflows and an increase in the repatriation of equity capital
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-23

ICICI Bank's profitability solid despite AIF provisioning, margin pressure

Ratings agency s&p said that the bank's better customer profile and underwriting compared to many indian banking peers should also limit losses
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-23

Didn't buy travel insurance? Some premium cards cover overseas medical emergencies

Generally, high-end credit cards from amex and hdfc come with travel insurance inbuilt where they have partnered with the insurers and cover the same benefits
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-23

Customs can ask for purchase invoices from exporters claiming DBK, Rodtep

Rule 9 of the customs and central excise duties drawback rules, 2017 and proviso at para 2(1)(b) of notification no.76/2001-cus (nt) dated 23rd september 2021 put a cap on the amount of drawback
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-23

L&T Finance Q3 results: Net profit jumps 41% to Rs 640 crore, NII up 8%

L&t finance holdings on tuesday reported a 41 per cent jump in net profit to rs 640 crore for the december quarter, driven by retail loan sales. the mumbai-based non-banking financial company (nbfc) had earned a net profit of rs 454 crore in the year-ago p
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-23

Govt may announce steps to promote, make NPS more attractive scheme

Finance minister nirmala sitharaman is expected to present the interim budget on february 1. this is going to be her sixth budget
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-23

RBI 'mute spectator', allowing banks to charge high interest rates: HC

The allahabad high court has observed that the reserve bank of india has been a "mute spectator" while banks are imposing arbitrarily high interest rates on customers despite guidelines issued by the banking regulator. the observation was made by a bench c
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-23

CCI clears merger of Fincare Small Finance Bank with AU Small Finance Bank

The competition commission of india (cci) has approved the merger of fincare small finance bank with au small finance bank, as per an exchange filing on tuesday. in october last year, the board of directors of au small finance bank (au sfb) and that of fin
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-23

Income tax filers more than double to 77.8 million in 10 years: Govt data

The number of tax payers filing income tax returns has more than doubled to 7.78 crore in the past 10 years, as per government data. releasing key statistics, the central board of direct taxes (cbdt) on tuesday said the number of income tax returns (itrs)
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-23

Karnataka Bank Q3 net profit up 10% at Rs 331 cr, gross NPA falls to 3.64%

Private sector lender karnataka bank on tuesday reported a 10 per cent rise in net profit to rs 331 crore for the third quarter ended december 2023. the bank had earned a net profit of rs 301 crore in the october-december quarter of 2022. the total income
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-23

Fintech associations exploring ways to incentivise SRO membership

The central bank in its draft framework had said that the industry needs to answer the question of how an sro-ft would create incentives for membership since entities in the fintech sector
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-23

Ayodhya Ram Mandir: You can save on income tax by contributing to temple

Fifty per cent of the amount donated for renovation/repair of the mandir to shri ram trust is eligible for deduction under section 80g.
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-22

Book-keeping, accounting, taxation added as financial services in IFSC

With the inclusion, entities registered with the ifsc authority will be able to provide these services to non-residents while operating from gift city
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-22

Govt expands scope of financial services that can be taken up at IFSC

The government has expanded the scope of activities that can be undertaken at the international financial services centre (ifsc) by including services such as book keeping, and accounting. as per a gazette notification issued by the ministry of finance, va
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-22

Central Bank of India plans offer for sale to reduce govt's stake

It has shown preference for the ofs route to avoid dilution of its equity capital base while increasing the public float of shares
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-22

J&K Bank Q3 net profit jumps 35% to Rs 421 crore as bad loans decline

J&k bank on saturday reported a 35 per cent rise in net profit to rs 421 crore in the third quarter ended on december 2023 on the back of a decline in bad loans and improvement in core income. the bank had earned a net profit of rs 311 crore in the october
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-20

Union Bank's Q3 net profit up 60% at Rs 3,590 cr, NIM inches down to 3.08%

The net interest income (nii) of the bank grew by 6.26 per cent to rs 9,168 crore from rs 8,628 crore. other income increased by nearly 15.4 per cent to rs 3,774.30 crore from rs 3,270.82 crore
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-20

ICICI Bank Q3 net profit jumps 23.6% to Rs 10,272 cr, NII up 13.4%

Net interest margins dip on rise in cost of deposits; makes rs 627 crore provision to aif exposure
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-20

IDFC First Bank Q3 net profit rises 18% to Rs 716 cr, total income jumps

Private sector lender idfc first bank on saturday reported an 18 per cent growth in net profit to rs 716 crore in the third quarter ended december 31, 2023, on the back of improved interest income. the bank had earned a net profit of rs 605 crore in the oc
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-20

ICICI Bank's Q3 profit at Rs 10,272 cr on account of strong loan growth

Indian lenders have been reporting double-digit loan growth consistently over the past few months owing to higher demand, but rising deposit costs have squeezed their margins
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-20

Kotak Mahindra's Q3 consolidated net up 6.76% at Rs 4,265 cr; NII jumps 16%

On a standalone basis, the net profit for the reporting period was up 7.62 per cent to rs 3,005 crore, attributed to a sharp rise in provisions
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-20

RBI announces changes to market timing for January 22. Details here

The reserve bank of india (rbi)'s announcement came a day after the centre announced that all central government offices will be closed for half a day
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-19

Form 12BB: Things to know about investment declaration tool for tax saving

Form 12bb, a key investment declaration document, can be used by the employees who fall under the taxable income bracket to claim deductions
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-19

78% of startup founders are optimistic about fundraising in 2024: report

About 61% of company founders in india expect the pace of hiring in 2024 to either be the same as last year or dip a bit, according to the 'india startup outlook' report from venture debt firm innoven
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-19

Tax-saving strategy; spotting mis-selling: Top personal finance stories

This week we explain what a tax-saving investment must do and how to read the fine print of pension plans
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-19

Rupee depreciates 1 paisa to 83.14 against US dollar in early trade

The rupee fell 1 paisa to 83.14 against the us dollar in early trade on friday amid heavy selling of equities by foreign institutional investors (fiis). forex traders said positive cues from domestic equity markets and lower level of dollar provided suppor
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-19

Goa top hot spot for vacation homes, 71% HNIs want to buy property this yr

Capital appreciation has overtaken lifestyle upgrades, as the primary motivation for real estate investment (44%), signalling a return of investors to the market
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-19

Nifty can reach 24,000; witness an upside of 11% in 2024: Emkay

Fy25 equity inflows to exceed the .7bn inflows of fy21
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-19

LIC launches non-participating product Jeevan Dhara-II: Check details here

According to the exchange filing, the product, which will be available from 22 january 2023, is a non-linked, non-participating, individual savings deferred annuity plan
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-19

Foreign banks lap up government bonds ahead of India's index inclusion

Foreign investors pumped in rs 14,281 crore in domestic debt market in january
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-19

Total corpus under pension funds crosses Rs 11 trillion: PFRDA chairman

The pension fund regulatory and development authority (pfrda) chairman deepak mohanty on friday said the total corpus under the national pension system and atal pension yojana has crossed rs 11 lakh crore. the milestone of rs 11 lakh crore asset under mana
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-19

Indian banks seek looser liquidity conditions going ahead: Traders

Banks made these suggestions to industry body fixed income money market and derivatives association of india (fimmda) on wednesday
Tag: Finance India    Source: business-standard.com   Dated: 2024-01-18

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