Indian stock market: The Nifty has given a consolidation breakout on the daily chart, driven by a strong technical breakout in IT giants. The sentiment looks positive from here, as the indicators and popular overlays indicate a continuation of strength. Support is visible at 24,400, where significant short buildup has been seen by the put …
Tata Group, with a brand value of $28.6 billion, has retained its title as India’s most valuable brand, according to a new report from brand valuation consultancy Brand Finance released on Thursday. The Brand Finance India 100 2024 report also highlights that the group’s Taj hotel brand has been ranked as the strongest Indian brand. …
Indian shares rebounded in the final two hours of trade on Wednesday, led by a jump in public sector enterprises on the back of comfortable valuations while a drop in IT stocks after hot US inflation data capped the gains. The NSE Nifty 50 index rose 0.45% to 21,840, while the S&P BSE Sensex settled …
The National Company Law Tribunal (NCLT) has granted PC Jeweller and State Bank of India (SBI) an additional 20 days to resolve the matter concerning a default on a loan payment of ₹1,180.2 crore by PC Jeweller. The NCLT adjourned the case until 29 January after considering the ongoing settlement talks. SBI initiated insolvency proceedings …
Following are the ten stocks that are likely to be in focus on Wednesday: Wipro: The information technology major announced its collaboration with RSA, a general insurance provider. Wipro will assist RSA in its cloud migration efforts. The partnership, set for a three-year duration, aims to create a compliant, secure, and scalable IT infrastructure for …
Image Source : REPRESENTATIVE RBI imposes penalty on SBI, Indian Bank, Punjab & Sind Bank The Reserve Bank on Monday said it has imposed penalties on three state-owned banks, including SBI and Indian Bank, for violation of various regulatory norms. A penalty of Rs 1.3 crore has been imposed on the State Bank of India …
Image Source : PTI REPRESENTATIVE IMAGE Public sector Indian Bank on Saturday rolled out IB SAATHI (Sustainable Access and Aligning Technology for Holistic Inclusion), an initiative aimed at providing an integrated ecosystem for all stakeholders in the financial sector through the business correspondent route. The IB SAATHI provides an improved user experience by simplifying the delivery …
Image Source : FILE RBI The Reserve Bank on Thursday (August 17) launched a centralised web portal UDGAM (Unclaimed Deposits – Gateway to Access information) aiming to aid people search and claim unclaimed deposits. RBI Governor Shaktikanta Das launched the portal which has been developed by the central bank to help the public to facilitate …