NEW DELHI: The State Bank of India has sought a loan of $1.25 billion, potentially making it the largest dollar-denominated bank loan from the country’s financial sector in 2024, Bloomberg reported on Friday quoting sources.The loan is being raised for general corporate purposes through its branch at the Gujarat International Finance Tec-City.SBI is yet to…
NEW DELHI: Indian equity markets gained ground on Tuesday, with the BSE Sensex rising by 148.80 points, or 0.19%, at 79,644.95, while the Nifty50 advanced 69.05 points, or 0.29%, at 24,210.35. The upward trend followed a cautious start to the week on Monday when global cues, foreign institutional investor (FII) selling, and muted quarterly earnings…
The Central Board of Direct Taxes (CBDT) on Monday reported that overall tax collection from April 1 to November 10 grew by 15.41 per cent to Rs 12.1 lakh crore, including net corporate tax collections of Rs 5.10 lakh crore and non-corporate taxes, such as Rs 6.62 lakh crore paid by individuals, HUFs, and firms.A…
NEW DELHI: India’s export of fuels like diesel to the European Union jumped 58% in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a report. The EU/G7 countries in Dec 2022 introduced a price cap and an embargo on the imports of Russian…
NEW DELHI: The Centre has generated Rs 3,449 crore by selling approximately 1.6 per cent stake through offer-for-sale in Hindustan Zinc Ltd. Government, during the two-day OFS on November 6-7, offered to sell more than 5.28 crore shares, or 1.25 per cent stake, with an option to keep additional subscriptions of equal quantity.Institutional investors submitted…
NEW DELHI: Foreign investors continued to be net sellers as they withdrew approximately Rs 20,000 crore from the Indian equity markets in the past five trading sessions from November 4-8, primarily due to higher stock valuations and reallocation to China. Total FPI outflows in the equity market have reached Rs 13,401 crore this year. Earlier,…
The combined market capitalization of six of the top-10 highest-valued firms declined Rs 1,55,721.12 crore last week, with Reliance Industries declining the most. The BSE benchmark Sensex plunged 237.8 points, or 0.29 per cent during this period.Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation of India were the other companies which witnessed…
BENGALURU: Finance minister Nirmala Sitharaman on Saturday increased the lending target for public sector banks in lending to micro, small and medium enterprises (MSME) the current financial year by nearly 35%, while assuring that no small business will be denied access to funding.“I want to set a new target… I want to add Rs 1.5…
HYDERABAD: Pharma major Aurobindo Pharma Ltd has posted a nearly 9% rise in consolidated net profit for the quarter ended Sept 30,2024, at Rs 817 crore as compared to Rs 752 crore in the corresponding quarter of last financial year.This was on an 8% increase in consolidated revenue from operations for Q2FY25 at Rs 7796…
NEW DELHI: Abhinandan Lodha, who brought the concept of buying land online to India, is now expanding his footprint to North India. The House of Abhinandan Lodha will invest Rs 3,000 crore on developing plots in six new destinations. Ready to Master Stock Valuation? ET’s Workshop is just around the corner! Source link
