Peter Noronha
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Banking Sector Cannot Bear Any Further Financial Strain,Centre Tells Top Court
The banking sector cannot bear any further financial strain, the centre told the Supreme Court on Thursday, in a key hearing to decide whether borrowers should be charged additional interest for delaying their EMIs due during the COVID-19-related lockdown. The top court was hearing a batch of petitions on whether banks should charge an interest on ...
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RBI Keeps Key Rates Unchanged, Says Recovery "Uncertainty" Due To Covid
Reserve Bank of India Governor Shaktikanta Das has kept the key rates unchanged, saying the recent resurgence in Covid-19 infections has created "uncertainty" about recovery in economic growth. The central bank retained the repo rate at 4 per cent and the reverse repo rate at 3.35 per cent. The RBI Governor said that vaccine distribution and its ef...
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US Private Equity Firm KKR To Buy 2.3% Stake In Jio Platforms For Rs 11,367 Crore
Reliance Industries said on Friday that KKR, a US-based private equity firm, will invest Rs 11,367 crore to buy a 2.3 per cent stake in Jio Platforms. This marks the fifth fundraising deal in a month for Reliance Industries' subsidiary Jio Platforms, after investments by Facebook, General Atlantic, Silverlake and Vista Equity Partners. The five dea...
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RBI Keeps Key Rates Unchanged, Assures Ample Liquidity In System
Reserve Bank of India (RBI) Governor Shaktikanta Das said the Monetary Policy Committee (MPC) has decided to maintain key policy rates at existing levels, saying that the "need of the hour is to back growth." The Reserve Bank kept the repo rate unchanged at 4 per cent and reverse repo rate untouched at 3.35 per cent. Mr Das also gave an assurance t...
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Sensex Tanks 800 Points; Virus Spread, Yes Bank Crisis Rattle Investors
Domestic stock markets suffered sharp losses in early trade on Friday amid a selloff across the world as the spread of the coronavirus pandemic stoked fears of recession. RBI's action of seizing control of the beleaguered Yes Bank and possible ramifications on the financial system also dented sentiments on Dalal Street. The S&P BSE Sensex index nos...
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"Incorrect": Government After Report On Tata Sons Winning Air India Bid
Bloomberg had reported earlier that Tata Group had won the bid for Air India more than half a century after it ceded control of the national carrier to the state.
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Stocks To Watch: Auto And Banking Shares, TCS, JSW Energy
The rate-sensitive auto and banking shares will be in the limelight as the Reserve Bank Governor Shaktikanta Das will announce its policy decision at the end of the 3-day bi-monthly review meeting
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Mazagon Dock Shipbuilders Debuts At 49% Premium To Issue Price
Mazagon Dock IPO: The shares of the country's largest defence company listed opened at Rs 216.25 on the BSE, up Rs 71.25 or 49 per cent compared to issue price of Rs 145 per share.
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As Amazon Wins Order To Stall Deal, Reliance Retail and Future Group Push Back
Amazon wins Rs 24,713 crore Reliance-Future Deal: The Singapore-based single-judge arbitration court had restrained Future Retail from selling its retail business to Reliance Industries for Rs 24,713 crore.
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Reliance Industries To Invest Up To Rs 371 Crore In Bill Gates' Breakthrough Energy Ventures
Reliance Industries will make the investment in tranches over the next eight to 10 years and the transaction is subject to approval from the Reserve Bank of India.
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From Interest Rate To Minimum Investment, All You Need To Know About Small Savings Schemes
Post office small savings schemes are handy investment tools in such a scenario as they provide a decent rate of interest. Moreover, these saving schemes are low on risk and are designed for every segment of society, from the rich to the poor, the girl child to the retired senior citizen, and so on.
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Looking To Make Money In Mutual Funds? Here Are Five Things To Keep In Mind
A mutual fund, in simple terms, collects money from various investors and pools it into equities, bonds and other money market instruments. The professional fund manager takes decisions on investments and money management for the investors, thus taking stress away from the individual investor. And mutual funds are safer as diversification is inhere...
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Telecom Stocks Trade Mixed Post Telecom Regulator's Decision To Defer Zero-IUC
"For wireless to wireless domestic calls, termination charge would continue to remain as Re 0.06 (paise six only) per minute up to 31st December 2020. From 1st January, 2021 onwards the termination charge for wireless to wireless domestic calls shall be zero," Trai said in its regulation.
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State Bank Of India Launches One Time Password (OTP)-Based ATM Transactions
State Bank of India( SBI): "Introducing the OTP-based cash withdrawal system to help protect you from unauthorized transactions at ATMs. This new safeguard system will be applicable from 1st Jan, 2020 across all SBI ATMs," SBI tweeted.
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Sensex Declines Over 300 Points, Nifty Ends Below 12,200 On Last Trading Day Of 2019
The Nifty Auto Index consisting of 15 auto and auto-ancilliaries fell as much as 0.9 per cent. Bajaj Auto, Hero MotoCorp and M&M lost around 1 per cent each. The Nifty Bank index - comprising stocks of 12 major lenders - fell as much as 0.6 per cent. The prominent losers included IndusInd Bank, ICICI Bank and Bank of Baroda, declining between 0....
