Mumbai, July 12 (IANS) The combined market valuation of four of India’s 10 most-valued companies increased by Rs 92,995.48 crore during the last week, with HDFC Bank and Bharti Airtel emerging as the biggest gainers, even as the broader equity market ended lower.During the week, the Sensex declined 194.52 points, or 0.25 per cent, while the Nifty slipped 63.95 points, or 0.26 per cent.Among the country’s 10 most-valued companies, Reliance Industries, HDFC Bank, Bharti Airtel, and Life Insurance …
Latest SBI News & Updates
New Delhi, July 11 (IANS) SBI Funds Management Ltd, whose Rs 11,693 crore initial public offering (IPO) opens on July 14, has dependence on assets under management (AUM), market volatility, concentration in a few mutual fund schemes, reliance on the SBI distribution network and regulatory changes among the key risks to its business, according to its Red Herring Prospectus (RHP).According to the company’s offer documents, its revenue and profitability are substantially dependent on quarterly aver…
New Delhi, July 4 (IANS) The Central Bureau of Investigation (CBI) on Saturday conducted coordinated searches in connection with two bank fraud cases involving an alleged fraud of over Rs 231 crore, registered by its Bank Securities and Fraud Branch (BSFB) in Bengaluru, officials said.The first case was registered against M/s R L Jewels Ltd, its directors and unknown public servants on the basis of a complaint filed by the State Bank of India (SBI), Mumbai. The FIR alleges criminal conspiracy, c…
New Delhi, July 3 (IANS) Spiritual leader Dhirendra Krishna Shastri on Friday condemned the embezzlement of donations at the Ram Temple in Ayodhya, describing the alleged act as “not just a sin but a great sin,” while urging people to have faith in the ongoing investigation and the country’s legal system.Speaking after arriving at Ayodhya airport, Shastri said, “I have already spoken about this earlier as well, and I have said before that this is not a sin but a great sin, and God will pun…
Mumbai, July 3 (IANS) Indian equity markets opened higher on Friday amid mixed global cues, with benchmark indices rising nearly 1 per cent each as buying was led by IT, metal, pharma and chemical stocks.Sensex began session at 78,152.34, up 650 points or 0.84 per cent, while Nifty opened around 200 points or 0.83 per cent higher at 24,375.65.Sector-wise, Nifty IT surged nearly 2 per cent, while Nifty Metal gained 1.66 per cent. Nifty MidSmall IT & Telecom, Chemicals and Pharma indices advan…
Ayodhya, June 29 (IANS) The Ayodhya Police on Monday reached the State Bank of India (SBI) branch at Naya Ghat as part of the ongoing investigation into the alleged embezzlement of donations to the Ram Temple in Ayodhya. The Shri Ram Janmabhoomi Teerth Kshetra Trust’s primary bank account is maintained at the SBI branch, where investigators are examining the possible role of bank officials in the case. Police are expected to question the branch manager and record his statement as part of the pro…
New Delhi, June 26 (IANS) Credit card spending in India surged to Rs 2,023 billion in the month of May, up 6.6 per cent year-on-year and 2.6 per cent month-on-month, a report said on Friday.The sequential increase comes after a 10.1 per cent on-month decline in April, indicating that the recovery is not yet strong or structural, the report from Asit C. Mehta Investment Intermediates Limited said.The industry added 1 million new cards during May, marking the second-highest monthly card issuance i…
Ahmedabad, June 25 (IANS) The Ahmedabad Cyber Crime Branch on Thursday arrested three alleged members of a Jharkhand-based cyber fraud network accused of creating and distributing malicious Android application package (APK) files that allowed criminals across the country to gain unauthorised access to mobile phones and steal money from bank accounts. The arrests include the alleged developer of the APK files, Purnanand alias Mukesh Tiwari, 28, of Giridih district in Jharkhand, who was apprehende…
New Delhi, June 21 (IAN) It was a virtual redemption day for the National Testing Agency on Sunday as the NEET (UG) 2026 retest was conducted without major glitches, with the Agency crediting the whole-of-government effort involving 7 lakh officials for making the exam for 20 lakh aspirants error-free.“Team NTA. Team Bharat. One exam, delivered together,” said the NTA in a post on X, reaffirming its commitment to uphold the sanctity of the medical admission test whose previous round on May 3…
New Delhi, June 21 (IANS) The National Testing Agency (NTA) on Sunday shared a detailed note on X, describing the nationwide coordination that went into conducting the NEET (UG) 2026 re-examination on Sunday (June 21) and thanking the thousands of individuals and institutions involved in the process. In its post titled “Team NTA, Team Bharat: How India Came Together for NEET (UG) 2026,” the agency said that more than 20 lakh candidates appeared for the examination across 5,440 centres in India a…