New Delhi: According to a recent report by the State Bank of India (SBI), the moderation in India’s GDP growth for the first quarter (Q1) of the financial year 2024-25 (FY25) is still higher than the average decadal growth of 6.4 per cent for Q1. As per the Ministry of Statistics and Programme Implementation’s official … Read more
CS Setty, Chairman, SBI, says the bank is adding about 50,000 to 60,000 savings accounts a day. The economy is on a strong footing as is the bank. The bank is much stronger now. The balance sheet is strengthened. And we have invested significantly in the technology and digital space. The next step would be … Read more
The combined market valuation of nine of the top 10 most valued firms jumped by Rs 95,522.81 crore last week, with Reliance Industries, TCS and HUL emerging as the biggest gainers. Rising for the fourth straight session, the 30-share BSE Sensex ended 33.02 points or 0.04 per cent higher at 81,086.21 on Friday. Last week, … Read more
Several state-owned banks, including the country’s largest lender, State Bank of India (SBI), are likely to tap debt markets and raise close to ₹20,000 crore by the end of the month, as lenders step up fundraising activities amid faster credit growth than deposit growth. SBI is likely to raise ₹5,000 crore-10,000 crore through the issuance … 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
Indian markets traded volatile after Monday’s decline and settled marginally lower on Tuesday amid mixed signals. In today’s trade, shares of Pidilite, Godrej Consumer, PB Fintech, Gland Pharma, Tata Power among others will be in focus due to various news developments and first quarter results. Pidilite, Godrej Consumer, NHPC, BSE, ABFRL Shares of Pidilite, Godrej … Read more
Dinesh Kumar Khara, Chairman, SBI, says the bank has to balance the interests of multiple stakeholders and the shareholders are very important stakeholders. The bank has to create value for them and that is the reason SBI always wants to grow but not at the cost of profitability. Khara says his ambition was to see … Read more
Domestic markets exhibited volatility over the past week, ultimately closing marginally lower amid mixed signals. In today’s trade, shares of SBI, Airtel, ONGC, Titan, Infosys, JSW Steel, IDBI Bank among others will be in focus due to various news developments and first quarter results. Airtel, ONGC, Marico Shares of Airtel, ONGC and Marico will be … Read more
The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers. Last week, the BSE benchmark climbed 85.31 points or 0.10 per cent. The 30-share BSE Sensex hit its … Read more
Shares of Life Insurance Corp have delivered the highest returns among the top 10 companies by market capitalisation in the last one year period. The insurer, which is the only non-Sensex stock in this list, gained about 74% during the reporting period. LIC comfortably beat Reliance Industries Ltd (RIL) as the latter rallied only just … Read more
