Mumbai, July 26 (IANS) The combined market valuation of nine of India’s 10 most-valued listed companies declined by Rs 2.74 lakh crore last week as a sharp sell-off in domestic equities weighed on heavyweight stocks, with HDFC Bank emerging as the biggest laggard.The decline in market capitalisation came in line with a weak broader market, as the Sensex plunged 2,091.68 points, or 2.67 per cent, during the week, while the Nifty dropped 566.85 points, or 2.32 per cent.Among the country’s top-10 m…
Latest State Bank of India News & Updates
New Delhi, July 24 (IANS) An SBI Research report on Friday estimated that after accounting for GST collections together with states’ share in basic excise duty (BED), states are expected to be net gainers by approximately Rs 1.43 lakh crore in FY27 compared to FY26.Going forward, the report expects a rebound in the GST collections and yearly growth in the range of 8-9 per cent and the moderation in collection is due to rate rationalisation, which is on expected lines.Under the revised framework,…
Jaipur, July 21 (IANS) In a major initiative to strengthen Rajasthan’s cybersecurity framework and safeguard public funds, a special cyber coordination meeting of the State Level Bankers’ Committee (SLBC) was held at the Government Secretariat on Tuesday. Chief Secretary V. Srinivas, Director General of Police (DGP) Rajiv Kumar Sharma, senior officials of the Rajasthan Police, and representatives of major banks participated in the meeting to formulate a concrete and result-oriented strategy …
Mumbai, July 21 (IANS) Indian benchmark equity indices ended lower for the second consecutive session on Tuesday, dragged down by losses in information technology and public sector banking stocks as investors remained cautious amid continuing geopolitical tensions in West Asia.The Sensex declined 238.41 points, or 0.31 per cent, to settle at 77,470.11, while the Nifty fell 51 points, or 0.21 per cent, to close at 24,187.70.Commenting on Nifty technical outlook, experts said that immediate suppor…
Mumbai, July 21 (IANS) State Bank of India (SBI) has no plans to dilute its stake in SBI Funds Management following the asset management company’s stock market debut, Chairman C.S. Setty said on Tuesday, adding that the public listing was aimed at giving retail investors an opportunity to participate in the company’s growth.Setty told reporters that we are not looking for any dilution in SBI Funds after the listing ceremony here.Setty said the listing forms part of SBI’s broader strategy of crea…
Mumbai, July 19 (IANS) The combined market valuation of five of India’s 10 most-valued companies surged by Rs 1.54 lakh crore last week with IT major Tata Consultancy Services (TCS) emerging as the biggest wealth creator amid a positive trend in domestic equities.The broader market remained upbeat during the week, with the Sensex gaining 582.06 points, or 0.75 per cent, while the Nifty advanced 127.4 points, or 0.52 per cent.Among the top-10 firms by market capitalisation, Reliance Industries, I…
New Delhi, July 17 (IANS) The Central Bureau of Investigation (CBI) on Friday filed a second chargesheet in the Reliance Communications Limited (RCom) loan fraud case, naming a company and two of its directors for alleged criminal conspiracy, criminal misappropriation and cheating in connection with the diversion of funds.The chargesheet was filed before the Special Judge for CBI Cases in Mumbai against M/s Netizen Engineering Pvt. Ltd. (formerly Reliance Infocomm Engineering Pvt. Ltd.) and its …
Mumbai, July 17 (IANS) NDTV Profit on Friday announced the nominees for the Business Leadership Awards 2026, recognising a diverse set of leaders, companies and institutions that have played a key role in shaping India’s evolving business landscape, with the winners set to be announced in Mumbai on July 26.Union Finance Minister Nirmala Sitharaman will be the chief guest at the awards ceremony, where winners selected by a distinguished jury chaired by Bharti Enterprises Founder and Chairman Suni…
Bhopal, July 15 (IANS) In a surprise move, the Madhya Pradesh government has issued a gazette notification withdrawing the Animal Husbandry Department from Minister Lakhan Patel. Following the late-night reshuffle, Patel will now hold charge of only the “Happiness Department” ministry.The Chief Minister, Mohan Yadav, has taken direct charge of the Animal Husbandry department. No official reason has been given by the government for this decision, triggering intense speculation in political an…
Shimla, July 14 (IANS) A Special CBI Court in Shimla on Tuesday sentenced four convicts to two years’ imprisonment with a total fine of Rs 80,000 in three bank fraud cases related to Kisan Credit Card (KCC) loans taken from an SBI branch in Kangra, an official said. The four convicts held guilty for cheating, forgery and criminal conspiracy are: Bachitter Singh, Roshan Lal, Harkirat Singh and Shammi, the Central Bureau of Investigation (CBI) said in a statement.The CBI had registered the case …