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Bank holiday today: Are banks closed today on Saturday, February 22? Find here
Bank holiday today: Banks are closed today, February 20, as it is the fourth Saturday of the month. The RBI mandates holidays on second and fourth Saturdays. This closure affects all banks, including private and public sectors.
Why Indias FMCG giants are teaming up with upstarts looking to disrupt themand why it makes sense
Once seen as disruptors, quick-commerce startups are now unexpected allies to Indias FMCG giants. Instead of resisting change, companies like Godrej, Marico, Nestl India, and Dabur are tailoring product sizes and improving their supply chains to keep pace with the instant delivery wave.
New India Co-operative Bank: How a former GM was involved in 122-crore fraud Explained
A former general manager of New India Co-operative Bank, Hitesh Pravinchand Mehta, was allegedly found involved in siphoning 122 crore off the lender. The authorities have arrested three people involved in the case as of February 21.
Tata Capital to consider rights issue on Tuesday
Tata Capital plans to raise funds via a share sale to existing investors in an upcoming board meeting. The firm is also preparing for an IPO worth over Rs 15,000 crore to meet RBI regulations and considering raising Rs 15,000 crore through green bonds and non-convertible debentures.
After PNB, THIS state-owned lender reports 227-crore loan fraud by Odisha-based firm to RBI
The bank has informed that Non Performing Asset (NPA) of Gupta Power Infrastructure Ltd has been declared as fraud
Firstcry, Reliance Power, 20 more stocks included in Nifty Smallcap 100. Check full list
The Nifty Smallcap 100 index experienced a semi-annual reshuffle, adding 22 new stocks including Brainbees Solutions and Delhivery, while removing Zee Entertainment and Central Bank of India. These changes, effective from March 28, 2025, aim to better reflect market dynamics.
Limited impact of Monetary policy on foreign outflows, currency: MPC members
The February MPC meeting revealed a shift towards prioritizing growth, with concerns over restrictive monetary policy's impact on credit flow and inflation. Members recognized the need for continued policy adjustments, anticipating another rate cut in April.
Swiggy, Hyundai among 7 stocks to make it to Nifty Next50 in latest index reshuffle
The latest Nifty Next 50 reshuffle added Bajaj Housing Finance, BPCL, Hyundai Motor India, Indian Hotels, Swiggy, CG Power, and Britannia, replacing Adani Total Gas, BHEL, IRCTC, Jio Financial, NHPC, Union Bank, and Zomato.
Indias MEA reacts to US President Trumps $21 million fund by USAID claims
Provision rise drags down StanC 2024 India profit
Standard Chartered's India profit before tax rose just 3% to $308 million in 2024, impacted by a 1.5x rise in provisions. Despite a 10% operating income increase, net interest income declined, while trading and fee income helped offset losses.
Zomato, Jio Financial earn Nifty 50 ticket at Britannia, BPCL's expense
Food delivery company Zomato and Jio Financial Services have made an entry into the Nifty50 index as part of the semi-annual reshuffle while Bharat Petroleum Corporation and Britannia Industries have been booted out.
RBI proposes scrapping foreclosure charges on loans for borrowers and MSMEs
RBI's draft norms state that loans granted for business purposes to individual borrowers will also be free of the existing foreclosure or prepayment penalties.
US stocks open mixed after Thursday's fall
US stocks: Wall Street's main indexes opened mixed on Friday, a day after Walmart's dour forecast hit sentiment, while UnitedHealth slid after a report that the U.S. Justice Department is investigating the healthcare conglomerate.
Silver price can rally beyond Rs 117,000. 5 factors that could support rally
Silver is expected to reach 1,17,000 in 12 months, driven by strong momentum despite a 41% surge since December 2022. Samco Securities highlights silvers greed phase, lasting until April 2025, historically yielding higher returns than its fear phase.
Wealth management space getting spicy with M&As
Deals of home-grown players suggest what Uday Kotak recently said is sadly true
RBI to conduct $10 billion forex currency exchange to infuse liquidity in India's banking system
India's central bank, the Reserve Bank of India (RBI), on Friday, February 21, announced that they have decided to conduct a $10 billion USD/INR Buy/Sell auction for the tenure of three years.
Sebi tweaks investor charter for stock brokers to boost financial consumer protection
Markets regulator Sebi on Friday tweaked the investor charter for stock brokers in a bid to boost financial consumer protection alongside enhancing financial inclusion and financial literacy.
ET Market Watch: Sensex slips 420 pts as banks, auto stocks tumble; Nifty below 22,800
Singapore rolls out tax rebates, $3.7 billion program to boost stock market
Singapore announced on Friday a set of measures to rejuvenate its equities market, including a 20% tax rebate for primary listings and a S$5 billion ($3.74 billion) program that focuses on investing in domestic stocks.
Indian stock market update: Sensex & Nifty decline, global market influences & sectoral performance
RBI warns of financial risks from surging unsecured debt, speculative trading
As unsecured borrowing and speculative trading surge, RBI deputy governor M. Rajeshwar Rao cautions against reckless financialization and the lure of short-term gains.
Swasth Foodtech IPO: Swasth Foodtech India's SME IPO, open since February 20, was fully subscribed 3.92 times by February 23. The 14.92 crore issue closes on February 24, with listing expected on February 28. The company specializes in processing edible rice bran oil.
Trai for interoperable set-top boxes, voluntary sharing of broadcasting infra
Trai released the recommendations on a unified framework for service authorisations for provision of broadcasting services under the new Telecommunications Act, 2023, which repealed the Telegraph Act, 1885.
Monarch Networth Capital settles violation of stock brokers' rule with Sebi
Monarch Networth Capital Ltd on Friday settled with markets regulator Sebi a case pertaining to alleged violation of stock brokers' rule after paying Rs 11.37 lakh towards settlement amount. This came after the entity approached Sebi proposing to settle the pending proceedings without admitting or denying the findings of fact and conclusions of law through a settlement order.
Sensex falls! These stocks fell 5% or more in Friday's session
In the Nifty pack, 15 stocks closed in the green, while 35 stocks ended in the red.
Stock market update: Nifty Realty index falls 1.27%
The Nifty Realty index closed 1.27 per cent down at 844.5.
Top gainers & losers today, 21 Feb: Tata Steel, Larsen & Toubro, Adani Ports, Mahindra & Mahindra
Tata Steel emerged as the top gainer, rising 1.88 per cent to 140.60 and Mahindra & Mahindra was the biggest laggard, plunging 6.07 per cent to 2,667.80
Stock market update: Nifty IT index falls 0.79%
The Nifty IT index closed 0.79 per cent down at 40544.55.
boAt planning FY26 IPO to raise Rs 2,000 crore: Report
boAt IPO: boAt, a leading Indian wearable and audio brand, plans to launch its IPO in FY24, aiming to raise 2,000 crore at a valuation exceeding $1.5 billion. Despite a 5% revenue dip, the company reported improved profitability and a strong market presence.
Sensex drops 425 points as auto stocks skid on EV import duty cut reports and foreign fund outflows
Mahindra & Mahindra tanked over 6 per cent. Adani Ports, Tata Motors, Sun Pharma, Power Grid, Zomato, ICICI Bank, State Bank of India and UltraTech Cement were also among the laggards.
Stock market update: Nifty Pharma index falls 1.92%
The Nifty Pharma index closed 1.92 per cent down at 20385.65.
Stock market update: Nifty Auto index falls 2.58%
The Nifty Auto index closed 2.58 per cent down at 21505.9.
Stock market update: Nifty Bank index falls 0.72%
The Nifty Bank index closed 0.72 per cent down at 48981.2.
Rupee falls 7 paise to close at 86.71 against US dollar
Forex traders said the Indian rupee declined on Friday on weak domestic markets and a recovery in the US dollar index
Gainers & Losers: M&M, Religare Enterprises among top 10 market movers on Friday
Indian markets ended lower for the third straight week, with Sensex down 424 points. Financial, auto, and pharma stocks declined, while Religare, JSW Infra, JSW Energy, and ITI Ltd gained.
Dark Nuns: Where exorcisms meet financial wisdomFinancial lessons you can't miss
Dark Nuns presents an intriguing horror narrative with two female leads uniting against evil. The film, enriched with shamanic elements and K-drama charm, offers a refreshing perspective on teamwork, diverging from typical genre tropes and delivering an entertaining experience.
Banks, auto stocks drag D-Street lower; Sensex down 423 pts, Nifty below 22,800
Stock Market Highlights: Indian benchmark indices ended in the red on Friday, extending their losing streak to a third consecutive week. The decline was driven by losses in heavyweight financial and automobile stocks, while lingering concerns over U.S. tariffs continued to dampen investor sentiment.
ICICI Securities revise Nifty 50 target to 27,000 level, Sensex at 90,000
ICICI Securities added in its report that key sectors like capital goods and pharma witnessed an upgrade while metals & mining and FMCG space witnessed a downgrade with aggregate forward Nifty earnings declining low single digit
Unique MF Picks: These 6 stocks held by only one MF scheme surged 50-160% in FY25
ETMarkets' latest mutual fund analysis identifies stocks held by only one scheme, refining the list from 138 in January 2025 to those with a market value over Rs 10 crore and a price increase of 50-150% in FY25 so far.
Senores Pharma acquires US rights for COPD drug
Senores Pharmaceuticals plans to manufacture Roflumilast tablets at its US facility and will fund the acquisition using proceeds from its recent IPO
Index Funds vs. ETFs: 5 key points to help you choose the right investment
The interest in passive investments like ETFs and Index Funds is growing. Key differences include trading methods and flexibility, with ETFs offering real-time trading and lower costs. Investors should weigh their options based on personal investment goals and requirements.
AMFI launches 3 new investor initiatives: Chhoti SIP, Tarun Yojana, MITRA
AMFI launched three initiativesChhoti SIP, Tarun Yojana, and MITRAto enhance financial inclusion, investor awareness, and retrieval of forgotten investments, aligning with SEBIs efforts to democratize mutual funds and ensure broader participation across diverse demographics.
JSW Energy gains NCLT nod for 15,990 crore KSK Mahanadi buyout
Acquisition to increase JSW Energys net debt to EBITDA ratio to 5.6x in FY26, before improving to 4.06x in FY27
DEV IT bags 1.48 crore contract from Rajya Sabha Secretariat
DEV IT secures contract amid competition from multiple companies empanelled under the National Informatics Centre (NIC) in Delhi
STOXX 600 rises but poised to break eight-week winning streak
European shares were poised to snap their longest weekly winning streak in nearly a year on Friday, on elevated bond yields and U.S. President Donald Trump's latest tariff threats. On the day, the pan-European STOXX 600 index rose 0.2%, boosted by the chemicals sector.
EaseMyTrip partners with Korea Tourism to boost Indian outbound travel
The company plans to develop destination-specific content, including blogs and videos, while launching co-funded marketing campaigns to increase Koreas visibility in the Indian market
India is not a major exporter of metals to the US, but any global price shift would surely impact the domestic pricing also. If Chinese producers or the European Union producers divert supplies to other nations, including India, we may see a glut with respect to the oversupply.
Why are NBFCs like L&T Finance & Mahindra Finance failing to turn? Viral Shah answers
L&T Finance and Mahindra Finance are facing challenges in the NBFC sector. L&T Finance's focus on retail and riskier segments is problematic, while Mahindra Finance struggles with diversification. Different NBFCs show varying performance, with housing finance companies performing steadily. The NBFC sector faces competitive dynamics, particularly in the gold loan and microfinance segments, with regulatory changes impacting the industry.
If Bitcoin crashes, I will back up the truck and buy more: Robert Kiyosaki
Robert Kiyosaki, known for predicting financial collapses since the early 2000s, continues to urge investors to shift towards gold, silver, and Bitcoin. Last month, he warned of the biggest stock market crash in history by February 2025, expecting a major sell-off in equities and bonds. A critic of fiat currencies, he calls Bitcoin peoples money and gold and silver Gods money, viewing them as safeguards against market instability.
Investors lost money in almost all sectoral and thematic mutual funds in last 6 months
97% of sectoral and thematic mutual funds posted losses in the last six months, with only five funds delivering up to 3.82% returns. Samco Special Opportunities Fund lost the most (-24.31%), while DSP Banking & Financial Services Fund gained the highest (3.82%). Investors should assess risk appetite before making investment decisions.
Bandhan Bank at Rs 220? No risk of kitchen sinking, says CLSA
Bandhan Bank's MD and CEO joined the bank in November 2024, while the two Executive Directors in 2023 and 2024. Its CFO, MFI business head and corporate banking head joined the lender in the past 12-24 months.
Japan's Nikkei ends higher after BOJ chief's comments ease rate hike concerns
Japan's Nikkei share average reversed losses to end higher on Friday, as comments from Bank of Japan Governor Kazuo Ueda eased worries that the central bank may raise interest rates aggressively.
Banking and Power sectors poised to lead market recovery: Dharmesh Shah
We believe we are not near the bottom but maybe short term we are near the bottom of 22,800 to 22,600 and we are expecting a pullback for the next week towards 23,300 to 23,500. So, buy the dip should be the strategy going forward.
Correction in small, midcaps: No need for statement, says Buch
Sebi Chairperson Madhabi Puri Buch on Friday said there is o need for the capital markets regulator to comment on the recent steep correction in small and midcap stocks.
Hindalco shares lead the gainers among Nifty 50 pack in mid-day trading session, climbing 2.53 per cent to trade at 654.95
NFO Update: Kotak Mutual Fund launches CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
Kotak Mutual Fund: The scheme focuses on AAA-rated corporate bonds, commercial papers, and certificates of deposit issued by financial institutions. Designed with a fixed duration, it maintains a constant maturity profile, ensuring stable exposure to a specific timeframe. Additionally, constant maturity index funds are generally cost-efficient, as they typically do not impose entry or exit loads, enhancing investor affordability.
BSE Chief of Special Projects resigns, shares fall 2.64%
BSE Chief of Special Projects Sameer Patil cites health reasons for his immediate resignation
How to add a credit card to Amazon for seamless online shoppingA complete guide
Online shopping offers convenience with credit cards, allowing easy transactions without immediate cash. Amazon ensures card data security and provides options to add or remove payment methods. Users should avoid public networks and never share card information to prevent scams.
Amazon Pay ICICI Credit Card: Eligibility, documentation, and application process
Amazon offers a convenient e-commerce platform for easy purchases. To earn exclusive rewards, consider the Amazon Pay ICICI credit card, understanding its features and eligibility. Age 18+, specific income proof is required, and an Amazon account is necessary for application.
Time to buy quality stocks amid market fall: Deven Choksey
As I see it, we are at the tail end of the pain and that could possibly get worse soon if things start falling in place step by step hereafter.
Midday market: Nifty tests support as metals shine, auto and IT lag
Market breadth was negative, with a higher number of stocks declining compared to those advancing.
Flipkart Axis Bank Credit Card: Features, benefits and eligibility explained
Credit cards offer convenience and benefits, and the Flipkart Axis Bank credit card is ideal for regular Flipkart shoppers. Understanding eligibility, required documents, and features is essential before applying. Use credit cards wisely to avoid repayment issues.
How to easily apply for a Canara Bank credit card? Eligibility and process explained
Canara Bank offers credit cards with exclusive rewards and cashback. To apply, understand eligibility and required documents like PAN, Aadhaar, and salary slips. Overusing credit cards can lead to debt and damage your credit score, so use them wisely.
Planning to start an SIP for your child? Radhika Gupta answers 4 FAQs
Radhika Gupta clarified that for minor folio creation, the guardians PAN and relationship proof (such as a birth certificate, passport, or court document) are required, while the minors PAN is optional. Addressing a query on SIP subscriptions, he confirmed that both the guardians and minors bank accounts can be used, but redemptions will only be credited to the minors account.
How to easily change your credit card PIN? Follow these simple steps
Credit cards offer rewards and cashbacks but require a secure PIN for offline transactions. Changing the PIN is easy, but overspending can lead to debt and affect your credit score. Use credit cards wisely to maintain a healthy credit profile.
Cant pay your loan in full? Heres how a settled status will affect your credit score
A settled loan, indicating partial repayment, can drastically lower your credit score by 50 to 100 points and affect future borrowing for up to seven years. It's crucial to communicate with lenders and explore restructuring options to mitigate the impact on your credit health.
Sensex tanks over 2,000 points in February. More doom on the horizon?
The Sensex plunged 2,300 points in February as FIIs withdrew Rs 23,000 crore, driven by Trumps tariff threats and a Hang Seng rally. Smallcaps remain vulnerable, but experts see signs of a bottom.
Multipurpose loan: How to get approved, interest rates, and required documents
Multipurpose loans are a convenient option for temporary financial needs, featuring a straightforward application process and no collateral. Borrowers must meet certain age, income, and credit score criteria to secure favorable loan terms and ensure successful approval.
Dinshaw Iranis stock-picking strategy: Targeting undervalued sectors for growth
Power of passive income: How Gen Z can make money while asleep
Gen Z is leveraging passive income strategies to earn money while enjoying life. By investing in dividends, real estate, and creating digital content, they can generate revenue without full-time commitments, leading to more time for travel and personal pursuits.
Indore-based institute develops zero-emission tech to transport perishable goods
Sammaan Capital launches 300 crore NCD issue
The base issue size is 100 crore with a green shoe option of 200 crore, part of the companys larger 2,000 crore shelf limit
Why M&M shares crash 7% today; check latest news & targets
M&M share price: Shares of Mahindra & Mahindra Ltd dropped 6.6 per cent to Rs 2,653.25 on Thursday, commanding a total market capitalization of Rs 3.33 lakh crore.
India stock allocations hit 2-year low amid guarded China optimism: BofA Asia fund manager survey
India vs China: A total of 19 per cent of the fund managers in the survey were 'underweight' on Indian stocks, the foreign brokerage said. Japan, Taiwan and China remained the top 'overweights'.
CLSA upgrades NHPC to High conviction outperform amid PTC stake speculation
CLSA believes NHPC stock could double in value over the next four years despite experiencing a 25 per cent correction over the past six months
IT sector still a safe bet amid global uncertainty: Dinshaw Irani
Coming to the biggest uncertainty, you named it in the very beginning, you said that nothing came from US today, Donald Trump did not announce any new tariffs or policies and stuff like that, so that is the biggest caveat in the whole story.
Expect Q4 earnings to turn around market sentiments, says ASK Investment Managers Sandip Bansal
Sandip Bansal, deputy Chief Investment Officer at ASK Investment Managers, expects an improvement in corporate earnings, a stable rupee, and government reforms to bring back foreign institutional investors into Indian markets in Q4
5 timeless investing principles from Chuck Akre for long-term success
Chuck Akre's contrarian investment strategy focuses on high-quality firms with solid management and reinvestment strategies. By emphasizing patience and selecting good companies at reasonable prices, Akre guides investors to navigate market fluctuations and achieve long-term financial success.
Sectoral investment picks: Sandip Sabharwals top stocks in infrastructure & pharma
Sandip Sabharwal is fully invested, favouring capital goods and infrastructure stocks like NCC and Ahluwalia Contracts.
Pi Coin price plunges over 55% after launch: 5 factors behind the sharp drop!
Pi Coin plunged over 55% within 24 hours of launch, impacted by early miners selling, absence from Binance, limited real-world utility, and market uncertainty. Analysts expect price recovery as selling pressure eases.
Nissan shares jump 11% on reported plan to seek Tesla investment
Shares in Nissan surged 11 percent Friday after a report said a high-level Japanese group including a former prime minister planned to ask US electric vehicle giant Tesla to invest in the automaker. Nissan declined to comment.
Stock-specific strategy key to navigating market uncertainty: Dinshaw Irani
We are talking about MSCI India over MSCI World. Today that premium is down to some 3-4%. So, it is obvious that things have really turned around in the terms of the interest that India generates globally and which is obvious from the FIIs selling, and also the fact that the rupee has been under pressure for a while, but yes.
Stock market update: Nifty Auto index falls 2.65% in a weak market
The Nifty Auto index was trading 2.65 per cent down at 21490.1.
How to invest Rs 10 lakh in mutual funds. Smart strategies for conservative investors
Three senior wealth managers recommend a plain vanilla equity or multi-asset fund as the ideal vehicle for retail savers to invest in equities, the best long-term hedge against inflation.
EM investors would slowly look to rebuild positions in India, be sceptical about China: Geoff Dennis
Emerging markets commentator Geoff Dennis believes a strengthening dollar won't heavily impact the rupee and suggests rebuilding positions in India. He remains cautious about emerging markets in general, particularly China, which he views skeptically due to economic pressures. The article highlights the influence of tariffs and bond yields on market performance.
HDFC Bank shares: Should you buy this private lender post 10% correction?
Brokerage firms have turned positive on HDFC Bank and see a strong upside in the private banking major as they believe that the lender is marching towards normalized growth and profitability.
NHPC shares rally 10% in 2 days after CLSA upgrades to high conviction outperform
NHPC Ltd's shares rise by 10% in 2 days following CLSA's upgrade to 'High Conviction Outperform' despite a slight reduction in target price to Rs 117. CLSA cites attractive entry point and significant future growth potential due to new projects and regulated equity expansion as reasons for the bullish outlook.
MRO-TEK Realty rebrands as Umiya Buildcon Limited
Name change part of a strategic shift to expand companys focus in the real estate sector
