Business

December 26, 2017 11:36 PM

NSE revises penalty structure for unauthorised trades

The National Stock Exchange has amended its indicative penalty structure and has decided to impose a penalty of ten thousand rupees for every unauthorised trade. In a circular issued in Mumbai on Tuesday, the NSE has said that the revised structure will come into effect from 1st of January next year...

December 26, 2017 2:12 PM

Stock Markets: Sensex at Bombay Stock Exchange drops 38 pts

At the stock markets, erasing it early gains, the Sensex at the Bombay Stock Exchange dropped 38 points, or 0.1 percent, to trade at 33,903, a short while ago.Earlier in the day the Sensex crossed the 34,000-mark, to hit a fresh record intra-day high of 34,005. The Nifty at the National Stock Exchan...

December 25, 2017 8:30 AM

IBA data: Rising NPAs in education loan add to banks stress

Education loans too have started bleeding the banking sector with the default in repayment rising to 7.67 per cent of the outstanding amount at March-end, 2017 from 5.7 per cent two years ago. As per the data compiled by the Indian Banks' Association (IBA), the total outstanding education l...

December 23, 2017 2:30 PM

Govt dismisses rumours about closing down of public sector banks

The government has said, there is no question of closure of any public sector bank. Dismissing rumours on the issue, Financial Services Secretary Rajeev Kumar said, the government is strengthening these banks by re-capitalisation plan of over 2 lakh crore rupees. In a tweet, he appealed to the peopl...

December 22, 2017 9:50 PM

Govt dismisses rumours about closing down of public sector banks

Dismissing rumours, the government today said there is no question of closure of any public sector bank. In a tweet, Financial Services Secretary Rajeev Kumar said the government is strengthening these banks by re-capitalisation plan of 2.11 lakh crore rupees. He appealed to the people not to believ...

December 22, 2017 8:58 PM

Govt extends stock limit on onion till March next year

The Centre has extended the date of stock limit of onion for further three months to 31st of March, 2018. In a tweet, Food and Consumer Affairs Minister Ram Vilas Paswan said, the decision has been taken to check the hoarding of onion. It also aims at curbing the rising prices of the kitchen staple....

December 21, 2017 7:57 AM

SEBI hikes FPI investment limit

Capital market regulator, Securities and Exchange Board of India (Sebi), yesterday, raised the investment limit for foreign portfolio investors in central government securities to over 1(point)91 lakh crore from next month. Currently, investment limit for foreign portfolio investors is 1.89 lakh cro...

December 20, 2017 5:42 PM

SEBI hikes FPI investment limit

Capital market regulator, SEBI, today, raised the investment limit for foreign portfolio investors in central government securities to over 1.91 lakh crore from next month. Currently, investment limit for foreign portfolio investors is 1.89 lakh crore rupees.The move is part of an effort by Securiti...

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