Mumbai, Apr 24: The Reserve Bank of India (RBI) has issued Master Direction to the Asset Reconstruction Companies. An Asset Reconstruction Company (ARC) is a financial institution that buys the Non Performing Assests (NPA) or bad assets from banks and financial institutions so that the latter can clean up their balance sheets. ARCs play a critical role in the resolution of stressed financial assets of banks and financial institutions, thereby enhancing the overall health of the financial system.

NEW DELHI, Apr 24: Equity benchmark indices Sensex and Nifty climbed in early trade on Wednesday, taking their winning momentum to the fourth day running, amid a rally in global markets. The 30-share BSE Sensex climbed 242.49 points to 73,980.94 in early trade. The NSE Nifty advanced 63 points to 22,431. From the Sensex basket, Tata Steel, JSW Steel, Nestle, UltraTech Cement, Tata Motors and HDFC Bank were the major gainers. IndusInd Bank, Hindustan Unilever, Titan and ICICI Bank were [] The pos

NEW DELHI, Apr 23: State-owned Power Grid Corporation on Tuesday said it has inked a pact to infuse funds and take a 50 per cent stake in crisis-hit National High Power Test Laboratory Pvt Ltd (NHPTL). A supplementary joint venture agreement in this regard was signed on April 23, 2024, by shareholders of NHPTL, according to a regulatory filing. NHPTL is a joint venture of NTPC, NHPC, POWERGRID, DVC & CPRI. The funds will be infused subject to the approval [] The post Power Grid to infuse funds i

MUMBAI, Apr 23: Extreme weather conditions may pose a risk to inflation, along with prolonged geopolitical tensions that could keep crude oil prices volatile, the Reserve Banks April Bulletin said on Tuesday. The retail based on the Consumer Price Index (CPI) has eased to 4.9 per cent in March after averaging 5.1 per cent in the preceding two months. The Reserve Bank, which mainly factors in CPI while arriving at its bi-monthly monetary policy, has kept the key interest rate [] The post Extreme

New Delhi, Apr 23: Benchmark equity indices continued their winning momentum for the third day running on Tuesday amid firm global market trends. Rallying for the third day running, the 30-share BSE Sensex climbed 411.27 points to 74,059.89 in early trade. The NSE Nifty advanced 111.15 points to 22,447.55. From the Sensex basket, Bharti Airtel, Titan Company, HCL Technologies, Mahindra & Mahindra, Bajaj Finserv and Tata Motors were the major gainers. Power Grid, Larsen & Toubro, JSW Steel and Ax

MUMBAI, Apr 22: Equity benchmark indices Sensex and Nifty climbed in early trade on Monday amid a rally in Asian markets, decline in Brent crude oil prices and buying by foreign investors. Follow the Daily Excelsior channel on WhatsApp Extending its previous days rebound, the 30-share BSE Sensex climbed 639.85 points to 73,728.18 in early trade. The NSE Nifty went up 190.1 points to 22,337.10. From the Sensex basket, UltraTech Cement, Axis Bank, Bajaj Finance, Larsen & Toubro, Tata Steel [] The

NEW DELHI, Apr 21: Foreign investors dumped domestic equities worth over Rs 5,200 crore in April so far on concerns over tweaks in Indias tax treaty with Mauritius, which would now impose higher scrutiny on investments made here via the island nation. This came following a staggering net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, data with the depositories showed. According to the data with the depositories, Foreign Portfolio Investors (FPIs) made a net [] The post FP

New Delhi, Apr 21: The combined market valuation of six of the top 10 valued firms eroded by Rs 1,40,478.38 crore in a holiday-shortened week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the maximum hit. Last week, the BSE benchmark declined 1,156.57 points or 1.55 per cent. Stock markets were closed on Wednesday on account of Ram Navami. While Reliance Industries, HDFC Bank, Bharti Airtel and Life Insurance Corporation of India (LIC) were the gainers from the [] The post S