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IDBI Bank, Concor divestment likely to take longer: Officials

The EoIs for railways PSU Concor may be pushed to January as more clarity is required from the ministry of railways and the inter-ministerial panel may meet by the end of December or early January to give a final approval for the EoI, an official said.

The Economic Times 10 Dec 2022 1:16 am

GSK Pharma bets on growing adult vaccine market

The Times of India 10 Dec 2022 1:04 am

Divestment on track with dividends: Dipam secretary

The Times of India 10 Dec 2022 12:52 am

Those who give gifts voluntarily are truly rare

The Economic Times 10 Dec 2022 12:23 am

Senior vs Super Senior citizens: What are the income tax slabs available?

For income taxation purposes, a resident is deemed to be a senior citizen if they had been 60 or older but under 80, whereas an individual resident who was 80 years of age or older at any point in the previous financial year is referred to as a super senior citizen.

Livemint 10 Dec 2022 12:15 am

FIFA World Cup 2022: Croatia oust favourites Brazil 4-2 on penalties to reach semi-final

FIFA World Cup 2022: The 2018 runners-up came through their second straight shootout after beating Japan also on penalties in the last 16

Business Today 10 Dec 2022 12:01 am

Croatia break Brazilian hearts; advance to semis following penalty shoot

Croatia won their second game on the trot on penalties to advance to the semifinals. It was heartbreak for Brazil and Neymar, who will have to wait another four years to turn their fortunes around.

Money Control 9 Dec 2022 11:56 pm

Cyclone Mandous update: Landfall process starts, heavy rainfall in Chennai

Cyclone Mandous: IMD predicted that the maximum wind speed to cross up to 85 kmph in view of the cyclone and has issued a red alert

Business Today 9 Dec 2022 11:49 pm

YES Bank gets RBI nod to raise capital from Carlyle, Verventa Holdings

YES Bank will now engage with the investors for completion of the proposed capital raise, subject to various regulatory compliances

Business Standard 9 Dec 2022 11:46 pm

Ashish Kacholia picks Rs 14.65 crore stake in this electronic retail chain

The stock rallied nearly 5 percent to Rs 1,655.5 on Friday, taking total gains to more than 22 percent in the current month. The market capitalisation of the stock is nearly Rs 2,000 crore.

Money Control 9 Dec 2022 11:10 pm

Party's high command to decide on Himachal CM, say Congress MLAs

All 40 MLAs took part in the CLP meeting today and all have unanimously passed the proposal to leave the decision to select the CM of the state on party high command, said Congress leader Rajeev Shukla

Business Today 9 Dec 2022 10:59 pm

How to determine the best asset allocation for your NPS Investments?

The NPS is an excellent investment vehicle for employees across sectors, private and government.

Livemint 9 Dec 2022 10:41 pm

Target maturity funds vs Tax free bonds: Where should you bet?

Tax-free bonds are bonds with tenors of 10 to 20 years that are issued by various PSU organisations and have interest that is not subject to taxation. Target maturity funds, on the other hand, are debt mutual funds that invest in a certain mix of government, corporate, or state development loans and securities.

Livemint 9 Dec 2022 10:26 pm

'Long-haul flights facing delay due to issues with airport entry passes'

Full service carrier Air India on Friday on some of its ultra long-haul flights are facing delays due to issues related to airport entry passes and it is working closely with the authorities to resolve the matter.

The Times of India 9 Dec 2022 10:26 pm

'Hello MLA you truly deserve it': Ravindra Jadeja congratulates wife Rivaba after her win in Gujarat

Rivaba Jadeja joined the BJP in 2019 as the head of the Karni Sena's women's wing and made her electoral debut in December 2022. She has a degree in Mechanical Engineering and married Ravindra Jadeja in 2016.

Business Today 9 Dec 2022 10:22 pm

Oyo saw 83% YoY growth in business travel during Apr-Nov 2022, Delhi is most-booked city

Bengaluru, Kolkata, and Chennai were among the other top destinations for reservations, says the hospitality major

Business Today 9 Dec 2022 10:20 pm

RBI rule on loan securitization may hit fintech lenders

The guideline prohibiting securitization of loans with a residual maturity of less than a year is set to impact fintech lenders who deal in short-term loans, analysts said

Livemint 9 Dec 2022 10:20 pm

Sula Vineyards raises Rs 288 cr from anchor investors ahead of IPO: Report

Sula Vineyards IPO: The price band for the offer has been fixed at Rs 340-357 per share; IPO will open for subscription on Dec 12

Business Today 9 Dec 2022 10:20 pm

Apple AirPods Pro 2nd gen: The best earbuds around?

The new hardware brings improvement in the sound department as well. The buds sound better than the previous-gen AirPods Pro as they offer more clarity and bass across soundtracks

Business Today 9 Dec 2022 10:17 pm

Gold ETFs or sovereign gold bonds, what are the best ways to invest in gold?

The yellow metal is seen as a haven to hedge funds against inflationary pressure in the economy because stock markets do tend to correct heavily when consumer prices increase.

Livemint 9 Dec 2022 10:05 pm

Cyclone Mandous update: Cyclone to cross Puducherry and Sriharikota by tonight or early morning tomorrow, says IMD

In view of Cyclone Mandous, Chennai Division of Southern Railway has announced that suburban trains in Chennai may be cancelled/rescheduled if necessary to prevent untoward incidents

Business Today 9 Dec 2022 9:49 pm

Uniform Civil Code not against any religion, its for development of nation: Nitin Gadkari

The Uniform Civil Code (UCC), which comes under Article 44 of the Constitution of India, proposes to introduce personal laws that would affect all Indians equally, irrespective of their religion, gender and caste.

Business Today 9 Dec 2022 9:48 pm

Go First announces 42 new direct flights to new Goa international airport, ops to commence from Jan 5

The airline will operate its first flight from Bengaluru to Goa at 08:50 a.m. on January 5, followed by the remaining flights. Go First's direct flights will connect Goa with Mumbai, Bengaluru, and Hyderabad, as per the current network plan

Business Today 9 Dec 2022 9:48 pm

Sula Vineyards raises Rs 288.10 crore via anchor book ahead of IPO

Sula Vineyards has finalised allocation of 80.70 lakh shares to anchor investors, at upper end of price band.

Money Control 9 Dec 2022 9:41 pm

India not as decoupled as it seems, still relatively on a sticky path due to inflationary trends: economists

Chinas absence as a shock absorber for global economy is conspicuous this time, says QuantEcos Rao; adds private capital expenditure mostly missing due to global uncertainty

The Hindu 9 Dec 2022 9:39 pm

Forex kitty soars $11 bn to $561.16 billion

India's foreign exchange reserves soared by $11.02 billion to reach $561.162 billion for the week ended December 2, Reserve Bank data showed on Friday. This is the fourth consecutive week of rise in the reserves. In the previous reporting week, the overall reserves had grown by $2.9 billion to $550.14 billion. For the week ended November 11, the forex kitty had jumped by $14.72 billion in its second fastest weekly acceleration ever.

Rediff 9 Dec 2022 9:20 pm

FPI outflows, weak IT sector stocks weigh down on benchmark indices

Sensex declines for 4 out of 5 sessions in the week, Nifty for 3 sessions

Business Standard 9 Dec 2022 9:04 pm

'I dont care about valuations,' says Zoho CEO Sridhar Vembu

'Involving VCs (for borrowing purposes) wouldve meant an exit. Going private gives us great freedom. VCs force investments in sales and marketing. Our focus is on R&D,' says the 'bootstrap billionaire'

Business Today 9 Dec 2022 8:58 pm

Noise launches affordable smartwatch with Bluetooth calling

New Delhi: Homegrown brand Noise on Friday launched a new affordable smartwatch with Bluetooth calling and a premium 1.85-inch display, to expand its Tru Sync portfolio of smartwatches. Noise ColorFit Loop is priced at Rs 2,499 and will soon be available for purchase on Flipkart and GoNoise.com, the company said in a statement. The new Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .

The Siasat Daily 9 Dec 2022 8:48 pm

NRI Investing Trend: Expats in US take more risk than FD-loving NRIs in UK

In the US, only 14% Indians want to invest in FDs as against 20% in the UK

The Economic Times 9 Dec 2022 8:45 pm

Will Sula Vineyards leave investors in high spirits or high and dry?

An inconsistent track record of revenue and profits might leave Sula Vineyards#39; investors inebriated

Money Control 9 Dec 2022 8:45 pm

As UP farmers sow more, area under wheat surges by 25%

Acreage under oilseeds, paddy and other rabi crops gains

The Hindu Businessline 9 Dec 2022 8:42 pm

Digital rupee: Anonymity forever?

E-rupees anonymity comes with riders

The Hindu Businessline 9 Dec 2022 8:39 pm

If Budget grants tax exemption to bank FDs, will stocks lose their charm?

Experts say Dalal Street will remain attractive because the return on equity is generally higher than FDs. The lock-in period is 5 years in respect of tax saving FDs and to avail the favorable tax break the equity needs to be held for a period greater than 12 months, which is significantly less than FDs lock in, said Archit Gupta, Founder and CEO, ClearTax.

The Economic Times 9 Dec 2022 8:34 pm

India should tread carefully on FTA with EU

TRADE LESSONS EUs FTA with Korea is instructive; it has run into disputes, with non-trade issues being thrown in

The Hindu Businessline 9 Dec 2022 8:31 pm

History behind the Navy Day in India

BHPian V.Narayan recently shared this with other enthusiasts.Navy Day 4th December - the history behind the dayOperation Trident was an offensive operation launched by the Indian Navy on Pakistan's port city of Karachi during the Indo-Pakistani War of 1971. It saw the first use of anti-ship-guided missiles in combat in the region. The operation was conducted on the night of 4th-5th December 1971 and inflicted heavy damage on Pakistani naval vessels and shore-based fuel facilities. While India suffered no losses, Pakistan lost a minesweeper, a destroyer, a cargo vessel carrying ammunition, and some fuel storage tanks in Karachi. Another destroyer was also badly damaged enough to be eventually scrapped. India celebrates its Navy Day annually on 4th December to mark this operation. Operation Trident was followed up by a similar Operation Python three days later. In 1971 Karachi housed the headquarters of the Pakistan Navy and almost its entire fleet. Since Karachi was also the hub of Pakistan's maritime trade and the largest industrial city of Pakistan a blockade would be crippling for Pakistan's economy. The security of Karachi Harbour was predominant and it was heavily defended against any air or naval strikes. The port's airspace was secured by the strike aircraft based at airfields in the area. The Indian Navy deemed it unwise to send its World War II vintage cruisers to lay down a naval gun bombardment as they would be too slow and leave the ships vulnerable to a Pakistani air attack. In that era we did not have ship borne surface-to-air-missiles that could have provided some air defense and INS Vikrant, our sole aircraft carrier, had been deployed off the East Coast to blockade East Pakistan. File photo of an Osa class missile boat. The two large canisters on either side house the Styx-guided missiles The IN decided to think out of the box and use its small coastal 209-tonne Osa class missile boats, which carried 4 Styx anti-ship guided missiles each, to bombard Karachi. These were small coastal vessels designed by the Soviets for harbour defense and Karachi was 600+ nautical miles {1100 odd kms} away which these missile boats were not capable of traversing through the open ocean. So before hostilities commenced the IN towed the Osa missile boats to Okha, the small naval port at the western tip of Saurashtra from where Karachi was only ~340 km, a range well within the capability of these boats. Also with their top speed in excess of 38 knots {70 kmph} they could just about strike and return between dusk & dawn. On 4th December, what was now designated as the Karachi Strike Group was formed and consisted of the three boats called the Vidyut-class missile boats by the IN: INS Nipat, INS Nirghat and INS Veer, each armed with four Soviet-made SS-N-2B Styx surface-to-surface missiles with a range of 74 km and ~500 kg warhead, two Petya-class anti-submarine corvettes: INS Kiltan and INS Katchall as anti-submarine and air defence escorts. The group was under the command of Commander Babru Bhan Yadav. As planned, on 4 December, the strike group reached 460 km south off the coast of Karachi, and maintained its position during the day, outside the surveillance range of the Pakistan Air Force. As Pakistani aircraft did not possess night-bombing capabilities, it was planned that the attack would take place between dusk and dawn. At 10.30 pm the Indian task group moved 330 km from its position towards the south of Karachi. Soon Pakistani targets, identified as warships, were detected to the north of the Indian warships. File photo of PNS Khaibar in better days in British service. She was a 3400-tonne destroyer armed with 6 4.5-inch guns, 10 Bofors 40mm guns, a bank of 5 torpedoes and an anti-submarine mortar. She represented the British state of the art of the early 1950s INS Nirghat, the first to strike, sailed north at speed and once in range fired its first Styx missile at PNS Khaibar, a Pakistani Battle-class destroyer. Khaibar, assuming it was a missile from Indian aircraft, engaged its anti-aircraft systems. The missile hit the right side of the ship, exploding below the galley in the electrician's mess deck at 10.45 PM. This led to an explosion in the first boiler room. Subsequently, the ship lost propulsion. Observing that the ship was still afloat, INS Nirghat fired its second missile hitting PNS Khaibar in the second boiler room on the ship's starboard side rapidly sinking the ship and killing 222 sailors. PNS Khaibar, an ex-British Battle class destroyer was one of the two most powerful warships the Pakistanis possessed at the time. Her loss so early in the war was crippling. PNS Shah Jahan in earlier times in British service. She was a 2500-tonne fast destroyer escort or what today are called frigates. After verifying two targets in the area northwest of Karachi, at 11.00 PM, INS Nipat fired two Styx missiles - one each at cargo vessel MV Venus Challenger and its escort PNS Shah Jahan, a C-class destroyer. Venus Challenger was carrying American-supplied ammunition for the Pakistani forces from Saigon. It exploded immediately after the missile hit, and eventually sank south of Karachi. The other missile targeted PNS Shah Jahan and damaged the ship very badly. It was eventually towed back to Karachi & scrapped. File photo of an Adjutant class mine sweeper like PNS Muhafiz At 11.20 PM PNS Muhafiz, an Adjutant-class minesweeper, was targeted by INS Veer. A missile was fired and Muhafiz was struck on the left side, behind the bridge. It sank immediately before it could send a signal to the PNHQ killing 33 sailors. To confuse the Pakistanis, the crews of these ships, who had all been trained in the USSR, spoke to each other over the radio in Russian! Thus the enemy did not realize the Indian navy was close at hand. Later the Western media claimed that Russians were manning the boats {implying Indians were not clever enough to do so!} little realizing in those days a large proportion of IN officers and Petty Officers were fluent in Russian. Meanwhile, INS Nipat continued towards Karachi and targeted the Kemari oil storage tanks, placing itself 26 km south of the Karachi harbour. Two missiles were launched; one misfired, but the other hit the oil tanks, which burned and were destroyed completely. With no casualties on the Indian side, this operation was considered to be one of the most successful in modern naval history up to that time post-World War II. To mark this victory, the Indian Navy annually celebrates Navy Day on 4th December. File photo of the fleet tanker class of ships to which PNS Dacca belonged. A follow-up attack, Operation Python, was launched on the night of 8th/9th December 1971. A strike group consisting of one missile boat INS Vinash and two frigates INS Talwar & INS Trishul attacked the group of ships off the coast of Karachi. While India suffered no losses, the Pakistani fleet tanker PNS Dacca was damaged beyond repair, and the Kemari Oil Storage facility was lost. Two other foreign ships stationed in Karachi were also sunk during the attack. Between Operations Trident and Python, and the Indian Air Force attacks on Karachi's fuel and ammunition depots, more than fifty percent of the total fuel requirement of the Karachi zone was reported to have been destroyed. Our bold deployment surprised the Soviets pleasantly. Later they told us their satellites had captured a part of the operation! The Styx SS-N-2B surface-to-surface guided missile getting launched. Note the folded wings which are yet to open; note the plume of the booster rocket below; note the main cruise rocket motor on top. The missile was the world's first successful anti-ship guided missile and was developed through at least 4 successive improved versions. It carried a radar for guidance and to identify and lock on to targets. It could be called the father of all anti-ship missiles in operation today and set the basic principles of coming in low over the sea and being independent in its guidance and targeting. Commander B.B. Yadav {Lieutenant Colonel in the Army} who commanded the Karachi Attack group in Operation Trident. He passed away in 2010 at the ripe age of 81. He rose to the rank of Commodore {Brigadier in the Army} before serving for some years as a Merchant Navy Master. He was awarded the Maha Vir Chakra. The photo above is from the time of his retirement. Line drawing of the Osa class missile boat which spawned a whole family of ships called missile boats or Fast Attack Craft (Missile). It is rare for a class of warship types to be able to identify a single ship or class as the progenitor of a whole type. Osa is one such. HMS Dreadnought the first fast battleship (1906), USS Nautilius the first nuclear-powered submarine (1953) are two which come immediately to my mind. Note the 4-missile carrying canisters on either side. Note the fore and aft radar directed 30mm two anti-aircraft gun mountings. Displacing a little over 200 tonnes these were powered by 3 diesels on three shafts with an output of 12,000 shp in all, driving the boat to a bit over 38 knots. Like all things Soviets, the design was powerful, fast and packed to the gill. The crew of 28 had one shower and one head (toilet) between them. Reference: Transition to Triumph, History of the Indian Navy by Vice Admiral GN Hiranandani Check out BHPian comments for more insights and information.

Team-BHP 9 Dec 2022 8:30 pm

E-auction for RCap in December third week, CoC to finalise process at Tuesday meet

Final decision on date and other details will be taken at the Tuesday meet

The Hindu Businessline 9 Dec 2022 8:29 pm

Inflows in mutual fund industry viaSIP hit fresh high at Rs 13,306 crore in November

With SIPs,an individual can invest a fixed amount in a chosen scheme periodically at fixed intervals, say once a month, instead of making a lump sum investment.

The New Indian Express 9 Dec 2022 8:28 pm

SoftBank-backedSnapdeal defers its Rs 1,250-crore IPO plan

Snapdeal filed the IPO papers Sebi last December, following the public listing of several tech companies like Zomato, Paytm, Nykaa and Nazara Technologies.

The New Indian Express 9 Dec 2022 8:28 pm

B2B edtech start-up Uolo raises $22.5-mn Series A funding amid industrys growing pains

Mumbai-based Uolo offers affordable parent-teacher communication software and an ERP management solution to private schools

Business Today 9 Dec 2022 8:27 pm

SEBI gives nod to AIFs to raise money from FPIs

Market regulator SEBI issued a framework for the same

The Hindu Businessline 9 Dec 2022 8:27 pm

All-India average wholesale prices of wheat up 22 per centso far this year: Govt

The Centre had imposed a ban on wheat exports in May to control prices.

The New Indian Express 9 Dec 2022 8:25 pm

Banks must scale up investments in technology: RBI Deputy Governor

Rise of digital platforms raises new challenges, says MK Jain

The Hindu Businessline 9 Dec 2022 8:22 pm

Licious enters spices category with meat masalas

Expects to become EBIDTA profitable in a year 12 months

The Hindu Businessline 9 Dec 2022 8:20 pm

Kashi yatra is a learning odyssey for TN teachers

Nearly 2,500 people from Tamil Nadu are being taken to Varanasi as part of the ongoing Kashi-Tamil Sangamam, to celebrate the historical and civilisational connection between Indias North and South

The Hindu Businessline 9 Dec 2022 8:17 pm

Pushing India-EU FTA to be a priority for Sweden during its EU presidency: Swedish Trade Minister

Continuing to source Russian oil is a decision for India to make based on its domestic politics, Forssell said at a media interaction in New Delhi

The Hindu Businessline 9 Dec 2022 8:13 pm

BSE StAR MF achieves record volume in Nov

Overall, the platform, so far in FY23, has achieved transactions 16.28 crore

The Hindu Businessline 9 Dec 2022 8:12 pm

Paytm surges on buyback plan; analysts flag focus on path to profitability

Paytm's stock surged over 7% on Friday after it announced plans to consider a share buyback, but analysts warned it would not bring long-term relief to investors as concerns around the Indian firm's slow path to profitability remained.

The Times of India 9 Dec 2022 8:11 pm

US stocks open lower as inflation data stokes rate hike worries

The Dow Jones Industrial Average fell 34.77 points, or 0.10%, at the open to 33,746.71

The Economic Times 9 Dec 2022 8:09 pm

Risk making wrong norms for crypto without more data: RBI Deputy Governor Rabi Sankar

Rabi Sankar also said regulators, globally, should be more forthright when dealing with new concepts. According to the central banker, the crypto craze may not have become so big if regulators had not provided an implicit approval of sorts by saying they need to be regulated

Money Control 9 Dec 2022 8:04 pm

E-auction for RCap in third weekDec, CoC to finalise process at Tue meet

Final decision on date and other details will be taken at the Tuesday meet

The Hindu Businessline 9 Dec 2022 8:04 pm

Bajaj Consumer mulls buyback at maximum price of 240

At that price, the issue size works at 80.89 crore

The Hindu Businessline 9 Dec 2022 8:00 pm

Big tech needs to support equitable distrubution of funds for journalism: Taylor Owen

DNPA holds discussion on ideal relationship between digital news publishers and big tech platforms

The Hindu Businessline 9 Dec 2022 7:55 pm

Snapdeal defers 1,250-crore IPO plans

Company to wait and watch for the next few months

The Hindu Businessline 9 Dec 2022 7:52 pm

Parikh panel makes good points on gas output, use

Promoting gas can cut imports and carbon intensity Parikh panel makes good points on gas output, use

The Hindu Businessline 9 Dec 2022 7:51 pm

India to add 145 GW of renewable energy capacity by 2027: IEA

The renewable energy share in the countrys total generation mix is likely to increase to 40.9 per cent during FY30

The Hindu Businessline 9 Dec 2022 7:45 pm

India ranks fifth in top global 500 companies list

Adds nine new companies with Adani Group accounting for four

The Hindu Businessline 9 Dec 2022 7:43 pm

BJP sheds urban party tag by securing 80% of rural seats in Gujarat

Effective rollout of welfare and healthcare schemes, higher crop prices help BJP score big

The Hindu Businessline 9 Dec 2022 7:40 pm

SC raps MP youth for blaming obscene YouTube ads for exam failure and seeking Rs 75 lakh compensation

While dismissing the appeal, the Court called the petition filed by a Madhya Pradesh resident Anand Kishor Choudhary as atrocious

Business Today 9 Dec 2022 7:39 pm

SBI board to consider raising capital via Tier I bonds

Earlier this week, SBI announced that its personal banking advances, excluding high value home loans, have crossed the 5 lakh crore-mark

Livemint 9 Dec 2022 7:39 pm

Iran stays away from purchasing South Indian tea

Internal problems prompts trade to press pause button

The Hindu Businessline 9 Dec 2022 7:34 pm

Brokers Call: MM Forgings (Buy)

HDFC Securities

The Hindu Businessline 9 Dec 2022 7:31 pm

Putins chances to participate in G20 summit in 2023 is high: Sherpa

Russian President Vladimir Putin is expected to participate in the G20 summit in New Delhi in September 2023, Russian G20 (sherpa) Svetlana Lukash has stated.I hope that, of course, [Russias president] will go [to the G20 summit]. But this, in any case, is up to him to decide. Now, when the next summit is one year ahead, I cannot give an answer to such a question. The way I see it, that there are all chances for this, Lukash told state run news agency TASS.She recalled that the meeting of the G20 leaders in New Delhi, as the Indian organizers had announced, was scheduled for September 9-10, 2023.In all, India, during its G20 presidency, intends to hold about 200 events across the country.I hope that we will not miss a single event - be it a meeting of a working group or a seminar, or a conference. It is important for Russia to participate in any event to demonstrate its position, express its views, and see the best practices that partners from other countries have, Lukash said.India took over the G20 presidency from Indonesia on December 1. Putin skipped Summit in Indonesia.

The Economic Times 9 Dec 2022 7:29 pm

Indian turmeric prices soften on slack demand, higher 2021-22 output

The spice pares pre-Diwali gains; trade reports slowdown in exports

The Hindu Businessline 9 Dec 2022 7:25 pm

Bharat Bond ETF over-subscribed; garners Rs 2,800 crore

The April 2033 issue of Bharat Bond ETF has been oversubscribed 2.8 times against the base issue size of Rs 1,000 cr. The total collection has crossed Rs 2,800 crore, Pandey tweeted.

The Economic Times 9 Dec 2022 7:22 pm

India to add 145 GW of new RE capacity by 2027: IEA

The renewable energy share in the countrys total generation mix is likely to increase to 40.9 per cent during FY30

The Hindu Businessline 9 Dec 2022 7:19 pm

Welcoming small steps to hit big screen

SME companies migrating to mainboard signals promoters confidence

The Hindu Businessline 9 Dec 2022 7:19 pm

State Bank's board to take call on raising capital via tier I bonds

State Bank of India (SBI) said its board will meet on December 14 to decide on raising capital through Tier I bonds. As per a regulatory filing, SBI said it will seek approval for raising of Additional Tier 1 (AT 1) capital by way of issuance of Basel III compliant debt instruments in INR and / or any other convertible currency through a public offer or private placement to Indian and / or overseas investors up to March 31, 2024. The fundraise would help the bank grow its loan book. Earlier this week, SBI announced that its personal banking advances, excluding high value home loans, have crossed the Rs 5 lakh crore-mark. The country's largest lender took a year to book the last Rs 1 lakh crore of advances, as against over 15 months for the previous Rs 1 lakh crore and over 30 months for the Rs 1 lakh crore before that. SBI has 22,309 branches, over 65,000 automated teller machines and 66,757 business correspondent outlets, which drive its entire retail banking franchise. Earlie

Business Standard 9 Dec 2022 7:19 pm

Rs 13 lakh crore! After remaining sideways for a decade, RIL stock becomes largest wealth creator in last 5 yrs

Mukesh Ambani-led Reliance Industries saw an increase in market capitalisation by a whopping Rs 13 lakh crore between 2017 and 2022, says a study by Motilal Oswal Financial Services

Business Today 9 Dec 2022 7:18 pm

Free Tips from the Best Share Market Advisor in India

The Hindu Businessline 9 Dec 2022 7:17 pm

Over 6,000 farmers trained under sustainable castor programme

Project Pragati aims to enable sustainable castor crop production by using good agricultural practices to increase yield and income

The Hindu Businessline 9 Dec 2022 7:12 pm

BJP sheds its urban party tag after securing 80% of rural seats in Gujarat

Effective rollout of welfare and healthcare schemes, higher crop prices help BJP score big

The Hindu Businessline 9 Dec 2022 7:08 pm

India vs Australia Women#39;s T20I: 5 things to know as the 5-match series kicks off in Mumbai

Equal match-fee policy takes effect; all-rounder Hrishikesh Kanitkar returns as batting coach; series marks left-arm pacer Anjali Sarvani#39;s international debut.

Money Control 9 Dec 2022 7:02 pm

IDBI Bank divestment: Deadline to submit preliminary bids may be extended

In an earlier interview, DIPAM Secretary Tuhin Kanta Pandey had said the expectation is that financial bids may be possible before March

The Hindu Businessline 9 Dec 2022 6:59 pm

Semi-finals winners declared for BLoC Boardroom Challenge 2022

Teams from IIMs, SIBM, SPJIMR, JBIMS, XLRI make it to the finals

The Hindu Businessline 9 Dec 2022 6:56 pm

Cold storages development up by 53% post abrogation of Article 370

A capacity close to one lakh tonnes has been created over past two years: Tomar

The Hindu Businessline 9 Dec 2022 6:55 pm

'If youre sick or your dog died... prove it: Restaurant manager fired for sending threatening letter to staff

Reportedly, the manager's patience ran thin and he started asking for proof of sickness, dead dogs or family emergencies.

Business Today 9 Dec 2022 6:55 pm

Disney+ Hotstar December 2022: Govinda Naam Mera, Amsterdam, The Banshees of Inisherin, and More

Freddy, Govinda Naam Mera, Christian Bale-led Amsterdam, The Banshees of Inisherin with Colin Farrell and Brendan Gleeson, Mohanlal-led Monster, Night at the Museum: Kahmunrah Rises Again, National Treasure: Edge of History, and Choi Min-siks Big Bet these are the biggest films, TV shows, web series, and originals gracing Disney+ Hotstar in December 2022.

NDTV 9 Dec 2022 6:54 pm

Brokers Call: Solar Ind (Buy)

Hem Securities

The Hindu Businessline 9 Dec 2022 6:53 pm

YES Bank gets RBI nod to complete capital raise from Carlyle Group, Verventa Holdings

Bank to engage with the investors for completion of the proposed capital raise

The Hindu Businessline 9 Dec 2022 6:53 pm

Mastering Derivatives: How gamma benefits long positions

It is gamma that drives an options sensitivity to volatility

The Hindu Businessline 9 Dec 2022 6:52 pm

Strong government support helping Indian companies in Defence sector: Data Patterns CMD Rangarajan

The Defence sector will be a sunrise sector in future, says Data Patterns CMD

The Hindu Businessline 9 Dec 2022 6:46 pm

'Waiting for Raj saheb's orders': MNS leader threatens to stop India release of Fawad Khan's 'The Legend of Maula Jatt'

The MNS leader stated that if Raj Thackeray issues orders, the Pakistani actor's film will not be released in any part of India.

Business Today 9 Dec 2022 6:43 pm

These 6 large-cap stocks hit their new 52-week highs

The Economic Times 9 Dec 2022 6:41 pm

Forex kitty soars $11 billion to $561.16 billion

This is the fourth consecutive week of rise in the reserves. In the previous reporting week, the overall reserves had grown by $2.9 billion to $550.14 billion. For the week ended November 11, the forex kitty had jumped by $14.72 billion in its second fastest weekly acceleration ever.

The Times of India 9 Dec 2022 6:40 pm