Home Business Bank Fees: Here’s What You PAY For Not Maintaining Minimum Balance The term Average Minimum Balance or AMB signifies the smallest amount you need to keep in your savings account to avoid being charged with non-maintenance fees. Published: August 17, 2024 6:19 PM IST By Joy Pillai Bank Fees: Here’s What You PAY … Read more
JSW Cement, part of Sajjan Jindal’s JSW Group, has filed its draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise funds through an IPO worth Rs 4,000 crore. The issue comprises a fresh equity sale of Rs 2,000 crore and an offer for sale (OFS) of Rs 2,000 crore. Under the OFS, … Read more
Home Business ‘Close Accounts With SBI, PNB’, Orders Karnataka Govt; Lenders Try To Find ‘Resolution’ As Karnataka government asked its officials to close all its account with State Bank of India & the Punjab National Bank % also withdraw all deposits, lenders are in talks with state for further solution. The Karnataka government has ordered … Read more
Bengaluru: Karnataka government Thursday said it is actively engaging with public sector lenders, State Bank of India (SBI) and Punjab National Bank (PNB), to try and resolve long-pending disputes over public money lost to fraud. This came within 24 hours of the state ordering closure of its accounts in the two banks after it accused … 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
Home Business Sensex Hits All-time High Of 75,582.28, Nifty Crosses 23,000 Mark For First Time BSE Sensex rose by 164.24 points, reaching an all-time high of 75,582.28 in early trading. File Sensex Nifty All-time High: Equity benchmark index Sensex hit its all-time high of 75,582.28 in early trade on Friday. Meanwhile, Nifty crossed the 23,000 … Read more
Hyundai Motor’s top three cars sold in rural India during January-April 2024 were all SUVs, nudging out small car Grand i10 from the podium for the first time, reflecting the growing aspiration and purchasing power of rural buyers in India. Its rivals Maruti Suzuki, Tata Motors and Honda, too, are seeing a spike in demand … 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
A stellar run by domestic equities in FY24 saw the market capitalization of 25 companies rise by atleast Rs 1 lakh crore in a year. Of this, 17 of them are part of benchmark Nifty 50. The Nifty has gained nearly 29% in FY24 and it also tested a lifetime high after a muted show … Read more
Dearness Relief hike: The central government has recently announced a 4% hike in Dearness Relief (DR) for pensioners, effective from January 1, 2024. This adjustment will increase the DR to 50% for eligible pensioners. Eligibility and calculation details are provided in a March 13, 2024 Office Memorandum from the Department of Pension & Pensioners’ Welfare … Read more