A central government minister has said that the country’s top 50 defaulters owe banks a staggering Rs 92,570 crore. To be sure, these are ‘willful defaulters’ who have the ability to repay the loans, but they are unwilling to do so.
The Indian government wants to make sweeter the deal it is offering for the divestment in IDBI Bank. News reports say that the government is likely to waive some tax norms for the buyer of IDBI Bank in a bid to attract more suitors for a maj
PSU bank stocks have been making headlines recently due to their impressive performance in the market. The performance of PSB stocks last month has been spectacular.The NIFTY PSU bank index has rallied 93% in the past year, while the NIFTY bank in
About the AMCs Navi Mutual Fund and HDFC Mutual Fund represent two distinct approaches in India’s asset management world. Navi MF is a newer, digital-first AMC known for its ultra-low costs, especially in passive (index) funds and overseas fund-
Last week, a friend of mine said, “Where do you think markets are headed? There is a global economic slowdown, massive layoffs are happening, inflation is at record levels in most nations, and amid all that Indian stock markets are rallying. The
Copper was never meant to be a frontpage commodity. The material operated in the background for many years to perform its duties in electrical systems and motor equipment and plumbing systems and industrial production areas which led people to call i
Electricity demand in the country, a barometer of economic activity in the country, saw its growth rate pegged at a little more than 12% last month over the year-ago period. This comes after softer demand that actually declined marginally the previou
The Reserve Bank of India (RBI) has begun the pilot on the retail portion of the central bank digital currency (CBDC), or e-rupee as it would be called. What exactly is the e-rupee? Digital Rupee, or e-rupee, is a form of digital token th
Gold Price Today vs. Gold Price Yesterday The most popular gold rate for trading and futures purposes is normally the 24-carat gold with higher purity. Hence, when we talk of gold price today in the case of financial markets it refers to 24-carat
After the government and the Life Insurance Corp sell most of their stake in IDBI Bank, the lender will be considered a ‘private sector’ bank, the finance ministry has said. The government will continue to hold a 15% residual stake in th
The next time you buy an electric vehicle, chances are you may be taking a loan from HDFC Bank. The lender is going big on EV loans as more and more Indians look to buy an electric vehicle, a report in The Economic Times has said.
Bank Nifty extended its winning streak for the seventh straight week as it ended up by 0.71% and with this, it registered it's one of the longest winning streaks. On the weekly chart, it has formed another bull candle with a higher high and higher
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