HDFC Bank becomes first Indian bank to cross Rs 5 trillion market cap

HDFC Bank becomes first Indian bank to cross Rs 5 trillion market cap

  Mumbai, Jan 18: HDFC Bank saw its market capitalisation (market-cap) crossing Rs 5-trillion after the share price of the bank hit a new high on Thursday. The country’s private sector lender becoming the third firm after Reliance Industries (RIL) and Tata Consultancy Services (TCS) to achieve this milestone. RIL was at number one rank […]

Yes Bank Q3 profit rises 22% despite 265% jump in provisions

  New Delhi, Jan 18: Private sector lender Yes Bank has reported profit growth of 22 percent despite sharp jump in provisions for bad loans, driven by non-interest income, NII and operating income. Profit for the quarter increased to Rs 1,076.87 crore from Rs 882.63 crore in year-ago, which was in line with estimates. Net […]

Council may cut GST rates for 70 items

Council may cut GST rates for 70 items

  New Delhi, Jan 17: A fortnight ahead of the Union Budget, the Goods and Services Tax (GST) Council is likely to take up rationalisation of rates of about 70 items, of which at least 40 are services. Amendment in rules may also be taken up to simplify filing and plug some of the loopholes. […]

India to be $5 trillion economy in 8-9 years: Suresh Prabhu

  New Delhi, Jan 17: Commerce and Industries Minister Suresh Prabhu today said India is expected to become a USD 5 trillion economy in the next 8-9 years with the manufacturing sector contributing 20 per cent to that. “India is going to be USD 5 trillion economy in 8-9 years. USD 1 trillion will come […]

Sebi to vet Tata Sons bid to go private, evaluate minority interest

Sebi to vet Tata Sons bid to go private, evaluate minority interest

  Mumbai, Jan 17: The Securities and Exchange Board of India (Sebi) is looking at whether Tata Sons’ plan of becoming a private limited company from a public one would impact shareholders, especially minority shareholders of listed Tata entities that own shares in Tata Sons. If the company were to become a private one there […]

IT stocks push Sensex above 35K; Midcap up 1%

  Mumbai, Jan 17: The bulls party continued at Dalal Street as equity benchmarks ended at fresh record closing highs despite tepid global cues, driven by banking & financials. Technology, pharma, metals and select FMCG stocks also participated in the rally. The government’s reduction in requirement of additional borrowing for FY18 that painted a robust […]

RIL to invest Rs 50 bn in Bengal; to get 100% Jio coverage by Dec: Ambani

RIL to invest Rs 50 bn in Bengal; to get 100% Jio coverage by Dec: Ambani

  Kolkata, Jan 16: RIL Chairman Mukesh Ambani on Tuesday announced Rs 50 billion investment in expanding telecom and petro-retail businesses in West Bengal and said his company is exploring the possibility of setting up a manufacturing facility for mobile phones and set-top boxes. Speaking at the Bengal Global Business Summit, India’s richest man paid […]

Bitcoin price drops 18 percent over fears of ban in South Korea

  Seoul, Jan 16: Bitcoin tumbled 18 percent on Tuesday to a four-week trough close to $11,000 (roughly Rs. 7.05 lakhs), after reports that a ban on trading of cryptocurrencies in South Korea was still an option drove fears grew of a wider regulatory crackdown. Bitcoin’s slide triggered a massive selloff across the broader cryptocurrency […]

Now, Patanjali products to be available on Flipkart, Amazon, Paytm

Now, Patanjali products to be available on Flipkart, Amazon, Paytm

  New Delhi, Jan 16: Yoga guru Ramdev’s Patanjali Ayurveda has entered into an agreement with e-commerce websites to give a big push to the online sale of its Swadeshi range of Fast-moving Consumer Goods (FMCG). Patanjali Ayurveda’s products will now be available on online websites, including- PayTM Mall, Big Basket, Flipkart, Grofers, Amazon, netmeds, […]