gujarat banks: Gujarat banks’ gross NPAs rise to Rs 43,000 crore as of Sept

Ahmedabad: Gross NPAs of Gujarat banks have increased to Rs 43,290.18 crore, or 7.10 per cent of the outstanding, as of September 2019 compared to Rs 39,695 crore, or 6.55 per cent as of June this year, revealed the report of State Level Bankers Committee (SLBC) released on Tuesday. Gross NPAs in overall agricultural segment remained at 7.56 per More...

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By admin On Tuesday, December 24th, 2019
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commercial paper: Aditya Birla Housing Finance, Axis Finance, 4 others to list commercial papers on BSE

New Delhi: Leading stock exchange BSE on Tuesday said six companies, including Aditya Birla Housing Finance and Axis Finance, have filed application to list their commercial papers (CPs). The other companies More...

By admin On Tuesday, December 24th, 2019
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ICICI: Sebi slaps Rs 5 lakh on ICICI Pru Trust, ICICI Pru AMC for not exercising due diligence

New Delhi: Markets regulator Sebi has imposed a total penalty of Rs 5 lakh on ICICI Prudential Trust and ICICI Prudential Asset Management Company for not exercising due diligence while making investment decisions. The More...

By admin On Tuesday, December 24th, 2019
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mutual funds: Sebi lays framework for mutual fund investment in minors’ name

New Delhi: Markets regulator Sebi on Tuesday came out with a framework for making investment in mutual funds in the name of minor through guardian and to ease the process for transmission of such schemes. The More...

By admin On Tuesday, December 24th, 2019
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Sebi issues format for statement of deviation

Markets regulator Sebi on Tuesday issued a format for statement of deviation in funds raised to be submitted by the listed entities to stock exchanges on a quarterly basis. The format comes after Sebi noted that More...

By admin On Tuesday, December 24th, 2019
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mutual funds: Sebi puts in place stewardship code for mutual funds, AIFs

New Delhi: Markets regulator Sebi on Tuesday put in place a mandatory “stewardship code” for mutual funds and all categories of alternative investment funds (AIFs) with regard to their investment More...

By admin On Tuesday, December 24th, 2019
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Airtel Malawi plans to raise $37.5 million via IPO

MUMBAI: Airtel Malawi plans to raise $37.5 million (Rs 267 crore) from an initial share sale, even as the parent Bharti Airtel prepares for a $3 billion fund raising exercise to pay of thousands of crores of More...

By admin On Tuesday, December 24th, 2019
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US China trade deal: Trump says he & Xi will sign China trade deal

PALM BEACH: US President Donald Trump said on Tuesday he and Chinese President Xi Jinping will have a signing ceremony to sign the first phase of the U.S.-China trade deal agreed to this month. “We will More...

By admin On Tuesday, December 24th, 2019
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Wall Street slips from near-record highs in Christmas Eve trade

Wall Street dipped from near-record levels heading into the Christmas break on Tuesday, as investors paused after a rally propelled by improving U.S.-China trade relations and lingering optimism about the health More...

By admin On Tuesday, December 24th, 2019
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Crude Oil Prices: Trade deal boost tapering off for crude oil market

Oil traded on a positive note last week, as easing US-China trade concerns fuelled bullish sentiment in the market. Prices have been rising since early December when the Opec and allied producers pledged deeper More...