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Business / Business Standard

HDFC Bank's Kaizad Bharucha took home the most among bankers in FY22

Axis' Amitabh Chaudhry the highest paid among bank CEOs

9 Aug 2022 9:37 pm
Rishi Sunak promises more support in UK energy crisis if elected as UK PM

The 42-year-old Indian-origin finalist in the Conservative Party leadership election pledged government efficiency savings to fund the support, while limiting borrowing.

9 Aug 2022 7:54 pm
Profit of public sector banks rises 9% to Rs 15,306 cr in June qtr

Of the total 12, three lenders -- SBI, PNB and Bank of India -- reported fall in their profits ranging from 7%-70%

9 Aug 2022 7:37 pm
Gold ETFs log first monthly outflows in five months, shows data

The latest bout of outflows come amid a sharp surge in the equity markets

9 Aug 2022 7:26 pm
Oil rises over $1 a barrel as Russian pipeline halt revives supply fears

Russian pipeline monopoly Transneft said Ukraine had suspended oil flows via the pipeline leg because Western sanctions had prevented a payment from Moscow for transit fees from going through.

9 Aug 2022 7:25 pm
Tata Chemicals Q1 net profit jumps 86% to Rs 637 crore; revenue up 34%

The company's net profit stood at Rs 342 crore in the corresponding quarter of the previous fiscal, Tata Chemicals said in a regulatory filing.

9 Aug 2022 6:47 pm
Mswipe Technologies gets RBI approval for payment aggregator's licence

Joins companies allowed to manage and process merchants' online transactions

9 Aug 2022 6:07 pm
Airtel to launch 5G services this month, cover every town by 2024: Vittal

In fact, detailed network rollout plans for 5,000 towns in India are completely in place. This will be one of the biggest rollouts in our history, Vittal said during the company's earning call.

9 Aug 2022 5:43 pm
Talks on free trade agreement with UK moving at faster pace: Goyal

Negotiations for the proposed free trade agreement between India and the UK is progressing at a faster pace, commerce and industry minister Piyush Goyal said on Tuesday. The agreement is aimed at boosting bilateral trade and investments between the two countries. India has signed a trade pact with the UAE in a ecord time and ow our talks with the UK is moving at a faster pace, Goyal said. In such pacts, two or more countries significantly reduce or eliminate customs duties on maximum number of

9 Aug 2022 3:46 pm
Gold ETFs log Rs 457 crore outflow in July as investors rebalance portfolio

Gold Exchange Traded Funds (ETFs) witnessed a net outflow of Rs 457 crore in July as investors parked their money in other asset classes as part of their portfolio rebalancing strategy.

9 Aug 2022 2:41 pm
Monsoon session of Parliament adjourned sine die four days ahead of schedule

Five bills were passed by both houses of Parliament

9 Aug 2022 11:51 am
Heavy rains, strong winds lash Mumbai, low-lying areas inundated: Officials

Heavy rainfall coupled with strong winds lashed Mumbai and its suburbs on Tuesday morning, leading to inundation in some low-lying areas, civic officials said.

9 Aug 2022 10:49 am
India's July fuel demand rises 6.1% year-on-year, reveals ministry data

Consumption of fuel, a proxy for oil demand, totalled 17.62 million tonnes in July, down 5.7% from 18.68 million tonnes in June

9 Aug 2022 9:41 am
Oil prices edge up as strong economic data feeds hopes for demand

Brent crude futures were up 93 cents, or 0.9%, at $95.85 a barrel by 11:20 a.m. ET (1520 GMT). U.S. West Texas Intermediate crude was at $89.68 a barrel, up 67 cents, or 0.8%.

8 Aug 2022 11:33 pm
Syrma SGS Technology's Rs 840-crore share sale to open on Friday

Through the IPO, the company is planning to raise Rs 766 crore by issuing fresh shares.

8 Aug 2022 11:30 pm
RBI prescribes norms for small finance banks looking to deal in forex

Criteria for entering the forex business include profit in the preceding two years and net NPAs not being more than 6% in the previous four quarters

8 Aug 2022 11:20 pm
HDFC hikes retail prime lending rate on housing loans by 25 bps from Aug 9

The mortgage lender has raised rates by 140 bps since May, passing on the entire repo hike to borrowers

8 Aug 2022 10:54 pm
RBI imposes fine on 8 urban co-operative banks for breach of various norms

Penalty has been imposed on Mehsana Urban Co-operative Bank for non-compliance with certain provisions of the Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016.

8 Aug 2022 10:09 pm
Jio completes 5G coverage planning in top 1,000 cities: RIL annual report

In the report, RIL (Reliance Industries Limited) said that Jio took major steps during 2021-22 in getting ready for 5G with its 100 per cent indigenous technology.

8 Aug 2022 9:49 pm
City Union Bank Q1 net rises 30% to Rs 225 cr; asset quality improves

Total income during April-June quarter of 2022-23 was up by 11 per cent at Rs 1,317 crore as against Rs 1,191 crore earlier, City Union Bank said in a release.

8 Aug 2022 9:40 pm
Binance ceases off-chain fund transfer with WazirX after ED raids

Users will still be able to deposit and withdraw balances via the standard withdrawal and deposit process between Binance and WazirX, says Binance executive

8 Aug 2022 6:56 pm
Rupee falls 40 paise to close at 79.6 against USD as risk appetite declines

Lower global crude prices and a rally in domestic equities restricted the losses to some extent, forex dealers said.

8 Aug 2022 4:52 pm
PNB Housing revamps 'Unnati' to offer Rs 9-12 lakh as affordable loans: CEO

PNB Housing Finance is revamping its 'Unnati' loan portfolio to go deeper into the affordable housing segment eyeing customers who need loans of Rs 9-12 lakh, MD & CEO Hardayal Prasad said. PNB Housing has created a small vertical under Unnati which will be different from existing Rs 18-19 lakh as affordable housing loans. We are setting up a whole infrastructure, we have already opened 10 more branches in June quarter. This policy on Unnati is completely revamped, this is a completely different

8 Aug 2022 4:12 pm
JSW Steel outlays Rs 20,000 crore capex for FY23: CMD Sajjan Jindal

JSW Steel will invest over Rs 48,000 crore in the next three years as part of its capex plan, the company's Chairman and Managing Director (CMD) Sajjan Jindal has said. Out of Rs 48,700, Rs 20,000 crore capex (capital expenditure) is for the 2022-23 financial year, he said. Besides, JSW Steel is also eyeing to amalgamate JSW Ispat Special Products with it by the end of the ongoing fiscal. According to a regulatory filing on Monday, Jindal addressing a shareholder's query said: The total planned

8 Aug 2022 3:56 pm
HDFC Bank, IDFC First hike MCLR post repo rate hike by Reserve Bank

Most banks have revised their external benchmark linked loan rates by 50 bps

8 Aug 2022 1:37 pm
PSBs recover Rs 6.42 trn NPAs, written off loans since from FY15 to FY22

From FY16 to FY21, the central government has infused Rs 3.36 trillion of capital in PSBs, while banks have raised an additional Rs 2.99 trillion from the markets

8 Aug 2022 11:31 am
Rupee falls as strong US jobs data rekindles fear of aggressive Fed hikes

The Federal Reserve has already raised interest rates by 225 basis points since March 2020

8 Aug 2022 11:10 am
New dawn for aviation: The Akasa Air experience as it takes to the skies

Founder-CEO Vinay Dube thanked all passengers and took their feedback as they deplaned on arrival in Mumbai

8 Aug 2022 1:19 am
ICICI Bank, PNB, Bank of Baroda lift loan rates post RBI rate hike

RBI's Monetary Policy Committee raised the repo rate to 5.40 per cent from 4.90 per cent, taking the benchmark policy rate to a three-year high

6 Aug 2022 5:38 pm
Bank of Baroda to raise Rs 1,000 cr via infra and affordable housing bonds

Bank of Baroda is planning to raise Rs 1,000 crore through issuance of infrastructure and affordable housing bonds on August 12

6 Aug 2022 1:22 pm
RBI monetary policy: Bond yields surge on fears of further rate hikes

A rise of one basis point in the 10-year bond yield corresponds to a fall of roughly 7 paise in price

5 Aug 2022 11:33 pm
Oil prices set to end week at multi-month lows on recession fears

LONDON (Reuters) -Oil prices slipped on Friday and were near their lowest levels since February as concerns over a possible recession and a fall in fuel demand continued to rattle markets.

5 Aug 2022 5:29 pm
Gold at 1-mth peak as Treasury yields fall; focus on U.S. jobs report

Gold prices steadied at a one-month high on Friday, ahead of a much awaited US jobs data, as a retreat in Treasury yields and growing recession fears boosted safe-haven demand kept bullion on track.

5 Aug 2022 9:32 am
Hard work, determination: Creating India's biggest crypto community

Ushering greater ease and clarity to tackle financial markets, Yash Gupta, Director of Aspire Now Global LLP is successfully building a community platform to train about investments

4 Aug 2022 1:19 pm
Gold prices fall by Rs 210 per 10 gram in early trading; silver by Rs 500

Spot gold held its ground at $1,767.39 per ounce, as of 0239 GMT US gold futures rose 0.4% to $1,783.90

4 Aug 2022 9:33 am
ED serves FEMA notice to cryptocurrency exchange WazirX: Minister

The Directorate of Enforcement (ED) has served crypto exchange WazirX a notice under the FEMA Act, Minister of State for Finance Pankaj Chaudhary told Rajya Sabha. The ED is investigating two cases related to crypto-currency against WazirX under the provisions of Foreign Exchange Management Act, 1999 (FEMA), he said in a written reply to the Rajya Sabha. In one of the cases, investigation done so far has revealed that one Indian Crypto-exchange platform, Wazirx, operated by Zanmai Labs Private L

3 Aug 2022 7:23 pm
Oil prices fall by 1% over fuel demand worries ahead of OPEC+ meeting

Oil prices fell about 1% in early trade on Wednesday before paring some losses, ahead of a meeting OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar

3 Aug 2022 11:33 am