Yield Rise Erodes Bank Profits in Q1, SBI worst hit, Canara Gains
A jump in bond yields during the June quarter of 2022 negatively impacted all large lenders. Of eight major banks, only two have escaped losses....
Tag : sbi
Markets Shrug Off Central Bank Rate Hikes as Rate-Sensitive Stocks Continue to Climb
Shares of car companies and banks were either steady or climbing after the Reserve Bank of India raised the repo rate (the rate the RBI...
Sensex Up 200 Points, Nifty50 Tops 17,400 Ahead of RBI Policy Announcement
The Indian equity benchmark opened in the green on the last trading day of the trading week ahead of the Reserve Bank of India’s key...
Vedanta to Pay Second Interim Dividend of Rs 7,250 Crore at Rs 195 Crore Per Share
Metals and mining giant Vedanta declared a second interim dividend of Rs 19.5 per share on Tuesday, bringing its total payout in two dividend rounds...
ITC Returns to Top 10 in India by Market Cap, Shares Up 10% in One Month
Shares of ITC have been on an uptrend since the last week of February 2022. The stock has continued to rise over the past four-and-a-half...
Rajiv Kumar Appointed as India’s Chief Election Commissioner
Rajiv Kumar has been appointed as Chief Election Commissioner of the Election Commission of India (ECI) with effect from May 15, 2022. He will take...
Delhivery Raises Rs 2,346 Crore From Anchor Investors
On 10 May 2022, Delhivery raised Rs 2346 crore from several anchor investors. Nearly 48.2 million shares were allotted to the Gurugram-based firm, the upper...
MapmyIndia Raises Rs 312 Crore From Anchor Investors
MapmyIndia has raised Rs 311.88 crore in its anchor book, ahead of its initial share sale that opens for public subscription on Thursday and closes...
SBI And Tata Steel Tie Up to Promote Indian Football
The country’s largest lender, State Bank of India (SBI), has entered into a strategic partnership with JFC. The bank signed a landmark agreement with the...
OfBusiness Raises $110 Million Led by Falcon Edge
OfBusiness, which lends to small enterprises by providing raw material in addition to just capital, said on April 8 that it has raised $110 million...