CHENNAI: The Reserve Bank of India (RBI) appointed Salee Sukumaran Nair as the Managing Director (MD) and Chief Executive Officer (CEO) of Tamilnad Mercantile Bank (TMB) on Friday. Nair previously served as the Deputy Managing Director and Chief Credit Officer at State Bank of India (SBI). His appointment follows the resignation of S. Krishnan, who … Read more
Domestic markets remained lackluster and closed flat on Wednesday, taking a pause after Tuesday’s decline. In today’s trade, shares of Ola Electric, Hindustan Zinc, SpiceJet, SBI, Glenmark Pharma among others will be in focus due to various news developments and first quarter results. Hindustan ZincHindustan Zinc Limited (HZL) has announced its offer for sale from … Read more
In a first for the bank, State Bank of India, the country’s largest lender, is set to link the commission it pays to car dealers, for sourcing loans, to sales as opposed to the current practice of paying them a fixed percentage as a commission, according to a bank’s internal circular, assessed by ET. The … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty future closed negative with marginal losses of 0.08% at 23,001 levels on Monday. India VIX was down by 6.82% from 21.71 to 23.19 levels. On the options front, the maximum Call OI is placed at 23500 and then towards 23000 … Read more
The strength in the market is expected to continue this week. Technical analysts predict Nifty could reach 23,400. Recommended stocks for trading this week include Reliance, SBI, L&T, Tata Power, Tata Steel, JSW Energy, Granules, JK Cement, BEL, Ashok Leyland, TVS Motors, RCF, Tata Tech, and Tata Elxsi. DHARMESH SHAH HEAD OF TECHNICALS, ICICI SECURITIES … Read more
“I do not think the market is bracing for any kind of negative surprise at this point of time. And we do think that given the earnings that we have seen so far and the fact that we have underperformed US markets, there is a scope for some sort of an outperformance once the event … Read more
Corporate Fixed Deposit Interest Rates: For individuals seeking higher fixed deposit interest rates than those offered by banks, investing in corporate FDs can be a viable option. Corporate fixed deposits, also known as corporate FDs, are term deposits with fixed interest rates held for a predetermined period, primarily issued by Non-Banking Financial Corporations (NBFCs) and … Read more
Mumbai: Total market capitalisation of all stocks listed on the BSE surpassed $5 trillion briefly on Tuesday for the first time, making India the fifth country after the US, China, Japan, and Hong Kong to achieve this milestone. At the close of Tuesday’s trading, it stood at $4.97 trillion (₹414.62 lakh crore). The trillion-dollar market-cap … Read more
Bajaj Finserv. Share Price 1643.85 04:03 PM | 28 Mar 2024 61.20(3.87%) Grasim Industries. Share Price 2287.30 03:53 PM | 28 Mar 2024 79.96(3.63%) Hero MotoCorp. Share Price 4722.30 03:58 PM | 28 Mar 2024 149.75(3.28%) Bajaj Finance. Share Price 7245.25 03:59 PM | 28 Mar 2024 222.50(3.17%) Eicher Motors. Share Price 4019.30 03:58 PM … Read more
Shares of banks and NBFC shares like Bajaj Finance on Thursday rose up to 4% after the Reserve Bank of India (RBI) relaxed rules regarding provisions for investments in Alternative Investment Funds (AIFs) by all regulated entities. Led by healthy buying seen in banks and other financial stocks, Nifty rallied over 200 points today and … Read more