Mumbai, Jan 22 (IANS) Indian stock markets ended higher on Thursday, snapping a three-day losing streak, as positive global cues and easing geopolitical tensions boosted investor confidence.Market sentiment improved after US President Donald Trump said he would not impose tariffs on European Union nations on February 1.He mentioned that a ‘framework for a future deal’ had been reached with NATO on Greenland.His remarks about a ‘great’ trade deal between the US and India further encourage…
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Jamshedpur, Jan 15 (IANS) Even 48 hours after the abduction of Kairav Gandhi, the 24-year-old son of prominent Jamshedpur-based entrepreneur Devang Gandhi, Jharkhand Police are yet to achieve any major breakthrough in the case. The kidnappers have demanded a ransom of Rs 5 crore from the family using a foreign mobile number. Police investigations have revealed that the number from which the ransom demand was made belongs to Indonesia.The Jharkhand Police have constituted seven special teams to e…
New Delhi, Jan 14 (IANS) The Finance Ministry’s Department of Financial Services, in association with public sector banks, on Wednesday launched a composite ‘Salary Account Package for Central Government Employees’, aimed at enhancing their financial well-being and social security, according to an official statement.The initiative will provide Central government employees a comprehensive suite of banking and insurance benefits under a single, seamless account structure. The packages have been …
Mumbai, Jan 13 (IANS) Following a sharp recovery from lower levels, Indian benchmark indices traded flat with a negative bias on Tuesday amid rising geopolitical tensions and sustained foreign institutional outflows.As of 9.29 am, Sensex slipped 85 points, or 0.10 per cent to 83,792 and Nifty eased 22 points, or 0.08 per cent to 25,768.Main broad-cap indices showed slight divergence with benchmark indices, with the Nifty Midcap 100 up 0.11 per cent, while the Nifty Smallcap 100 added 0.38 per ce…
New Delhi, Jan 7 (IANS) While the 7.4 per cent GDP growth rate projected for FY 26 in the first advance estimates of the Ministry of Statistics “is quite expected and reasonable”, the actual figure is eventually likely to be higher at around 7.5 per cent, an SBI Ecowrap report released on Wednesday stated.”We believe that GDP growth for FY26 would be around 7.5 per cent with an upward bias. The second advance estimates, incorporating additional data and revisions, are scheduled to be released on…
Mumbai, Jan 5 (IANS) The Indian benchmark indices traded flat with a mild negative bias on Monday over losses in IT stocks and the latest US-Venezuela tensions.Even as Indian companies showed signs of improving quarterly earnings, optimism was blunted by caution over the implications of US military action in Venezuela.As of 9.30 am, Sensex eased 62 points, or 0.07 per cent to 85,699 and Nifty gained 9 points, or 0.03 per cent to 26,319.Main broad-cap indices performed almost in line with benchma…
New Delhi, Dec 29 (IANS) The fund sharing between the Centre and states under the new VB-G RAM G will be based on normative assessment, and states stand to gain around Rs 17,000 crore when compared to average allocation of last seven years, an SBI Research report showed on Monday.Using a simulated scenario of normative assessment of (only Centre’s share), with seven attributes/parameters spread across twin fulcrum of equity and efficiency, “we estimate the states gain around Rs 17,000 crore …
New Delhi, Dec 27 (IANS) System loan growth has picked up and Q3 FY26 is expected to show better loan growth and improved net interest margins, a report said on Saturday.The report from Elara Capital said the quarter should also see lower slippages in unsecured and microfinance institutional loans and steady recovery trends that may benefit credit costs.The report, however, flagged that deposit flows remain weak and incremental credit‑deposit ratios are running very high.”Even with better Q3 o…
Hyderabad, Dec 24 (IANS) The Directorate of Enforcement (ED) restored properties valued at Rs 63.05 crore to the State Bank of India and UCO Bank in connection with a money laundering investigation against G. S. Oil Limited. ED’s Hyderabad Zonal Office completed the process of restitution of attached properties valued at approximately Rs. 63.05 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2022, to the State Bank of India (Rs. 62.30 crore) and UCO Bank (Rs. 75 la…
The State Bank of India (SBI), India’s largest public sector bank, continues to strengthen its global presence, especially for Non-Resident…