Finance Archives - Page 2 of 2 -

23 Jul

Sensex plunged on budget day, Finance Minister increased capital gains tax

Banasree Sarkar0 CommentsFinancesensex

Sensex plunged on budget day. The full budget presentation on July 23 was an important day for Indian markets. Finance Minister Nirmala Sitharaman announced new changes in the tax structure (share market) and increased the long-term capital gains tax for investors from 10 percent to 12.5 percent. And after him, the senses went down. Although it started with a fall this morning, quite a bit of a rise was noticed in the market (Union). But the market fell again by 1103 points. Although much stability returned to the market later, But the Sensex is still in the red. In the…

22 Jul

Which stock can speed up today? Know today’s stocks

Banasree Sarkar0 CommentsFinanceStock Market

The map of the market (Stock Market Today) will change at the beginning of the week. Equity indices started booking gains on Friday following weak cues from the share market. In that regard, shares of IDBI Bank, Suzlon Energy, RIL, HDFC Bank, Kotak Bank, and JSW Steel are in the headlines in today's trading. Wipro: IT firm Wipro last Friday reported a Q1 FY25 net profit of Rs 3,036.6 crore, up 5.2 percent Y-o-Y and 6.2 percent Q-o-Q. This beat the Bloomberg estimate by Rs 2,931 crore. India's fourth-largest IT services company marginally raised its revenue guidance for the second…

01 May

RBI updates guidance note for banks, NBFCs

Priyanka Roy0 CommentsBusiness, Economy, Finance

The Reserve Bank of India (RBI) has updated its "Guidance Note" on operational risk management for the financial sector, and extended it to non-banking financial companies (NBFCs), including housing finance companies. Only commercial banks were included in the 2005 'Guidance Note on Operational Risk Management'.RBI said all regulated entities (REs) in India should implement robust information and communications technology (ICT) risk management program in line with their operational risk management framework. "RES should manage their reliance on relationships for the delivery of critical functions, but not limited to, third parties (including intragroup entities)," the Reserve Bank said in its guidance…

18 Mar

Adani Group to invest Rs 1.2 lakh crore in FY25

editor0 CommentsFinance

The Adani Group to invest $14 billion across its portfolio of companies in the next fiscal year, 2024. The company aims to invest in green energy, airports, cement, commodities, etc for the country's exponential growth. Earlier, Adani Group Founder and Chairman Gautam Adani has said that he will invest an estimated $100 billion into India’s green energy transition over the next 10 years.

05 Jan

HDFC Bank collaborates with Microsoft

Business Correspondent0 CommentsFinance

HDFC Bank, India’s largest private sector bank, is partnering with Microsoft in the coming phase of its digital metamorphosis trip and unleashing business value by transubstantiating the operation portfolio, contemporizing the data geography and securing the enterprise with Microsoft Cloud. HDFC Bank as a part of its unborn Ready strategy is developing in house IPs as well as partnering with several companies including FinTechs ’ to co- produce technology IPs. HDFC Bank as a part of its unborn Ready strategy is developing in house IPs as well as partnering with several companies including FinTechs ’ to co- produce technology IPs.…

03 Jan

Public sector bank Punjab and Sind Bank (PSB) has partnered with SBI Card

editor0 CommentsFinance

Public sector bank Punjab and Sind Bank (PSB) has partnered with SBI Card to launch co-brand credit cards for the bank’s customers. PSB has additionally entered the mastercard market as a brand new product section in its portfolio as a results of this collaboration. 3 card variants—the PSB SBI Card ELITE, PSB SBI Card PRIME, and PSB SimplySAVE SBI Card—have been launched by each partners. This collaboration additionally marks the entry of PSB into ‘credit cards’ as a brand new product section beneath the bank’s portfolio.The connection value for the PSB SBI Card ELITE is Rs 4,999 and taxes, the…