State Bank of India (SBI), the country’s largest lender, plans to raise up to Rs 100 billion ($1.22 billion) through the sale of infrastructure bonds maturing in 15 years, three bankers said.
Retail inflation stood at 4.31 per per cent (revised upward from 4.25 per cent) in May and 7 per cent in June 2022. The previous high CPI was in March at 5.66 per cent.
The group’s listed companies lost more than $100 billion in market value earlier this year after U.S.-based Hindenburg Research raised several governance concerns.
Tata Motors on Tuesday reported a consolidated net profit of Rs 3,300.65 crore for the first quarter ended June 30, riding on a sharp improvement in performance of its British arm Jaguar Land Rover and commercial vehicles business.
The Securities and Exchange Board of India (Sebi) Thursday unveiled a roadmap for public issuance of ‘zero coupon zero principle’ instruments by not-for-profit organisations (NPOs) and listing of such instruments on the Social Stock Exchange (SSE). Sebi said that such instruments will be issued in dematerialised form only, and are not transferable. The minimum issue […]
Global growth is projected to fall from an estimated 3.5 per cent in 2022 to 3 per cent in both 2023 and 2024.
Shares of Ratnaveer Precision debuted at Rs 128 apiece, registering a jump of 30.61 per cent from the issue price on the BSE. Later, it zoomed 36.73 per cent to Rs 134.
Public sector banks, insurance companies, financial institutions and regional rural banks (RRBs) across the country will remain closed for half day on January 22.
The Special Additional Excise Duty (SAED) on diesel will increase to Rs 1 per litre from nil. SAED on petrol and aviation turbine fuel will remain unchanged at nil.
In a circular issued today, the EPFO said the Ministry of Labour and Employment has conveyed the approval of the central government for the EPF interest rate to be credited into members’ accounts.