Business
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Banks, NBFC stocks fall as RBI moves to curb risk in consumer lending
New Delhi: Banks and NBFC stocks are down sharply in trade on Friday after the Reserve Bank of India’s (RBI) action raised the risk weightage on unsecured loans. RBL Bank is down…
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Mutual fund holdings beyond top 500 stocks spike to 2018 highs
New Delhi: Mutual fund holdings beyond the top 500 stocks as percentage of market volumes of the top 500 stocks have now started surpassing 2018 highs, a report said. The curve had…
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SoftBank reportedly selling stake worth $150 mn in logistics firm Delhivery
New Delhi: Japanese investment giant SoftBank is going to sell its stake worth $150 million in logistics firm Delhivery, media reported on Thursday. According to Moneycontrol, citing sources, SoftBank is likely to…
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RBI slaps Rs 91L fine on Axis Bank for breach of norms
Mumbai: Reserve Bank of India (RBI) on Thursday said that it has imposed a penalty of Rs 90.93 lakh on Axis Bank for breach of norms. The breach relates to directions issued…
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Several top large-cap stocks have hardly given any returns in past 2-3 yrs
New Delhi: Indian mega-cap stocks are in a bear market, with several top large-cap. stocks have hardly given any returns over the past 2-3 years, the Kotak Institutional Equities said in a…
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Sensex scales 66K mark with 400-point jump
New Delhi: BSE Sensex crossed the 66,000 mark on Thursday as the index moved up 400 points. BSE Sensex is trading above 66,000 points, NTPC leads the gains up by 2 percent,…
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Rupee jumps 24 paise against US dollar
Mumbai: The rupee appreciated 24 paise to close at 83.09 against the US dollar on Wednesday as the American currency retreated from its elevated levels after the US inflation came lower than…
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India’s trade deficit shoots up in Oct due to spike in oil prices
New Delhi: India’s merchandise trade deficit in October stood at $31.46 billion as the country’s imports shot up to $65.03 billion during the month which offset the increase in exports, Commerce Secretary…
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Sensex rallies on lower US inflation data
New Delhi: The October US inflation data is a gamechanger for the stock market. The 3.2 per cent October inflation print is lower than expected. More importantly, the mere 0.2 per cent…
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Tesla not to sue buyers for reselling Cybertruck, removes purchase clause
San Francisco: Elon Musk-run Tesla apparently will not sue Cybertruck buyers for reselling the vehicle within the first year of buying it. The controversial purchase clause appears to have been removed by…
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Alphabet pays 36% of Safari revenue to Apple, confirms Sundar Pichai
Washington: Google is paying Apple 36 per cent of Safari search engine revenue under the terms of a default search agreement, Alphabet CEO Sundar Pichai has confirmed. Testifying in a lawsuit filed…
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Hit by ransomware, China’s biggest lender pays hackers to ‘close deal’
The US arm of the Chinese state-owned commercial bank, Industrial and Commercial Bank of China (ICBC), which was hit by a ransomware attack on November 9 that disrupted trade in the US…
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Tata Steel to axe 800 jobs at Dutch plant
New Delhi: Tata Steel said on Monday that it would axe around 800 jobs at its plant in the Netherlands to cut costs as it switches to green technology for bringing down…