Latest Stock Market News

Banks rush to raise funds via CDs amid credit demand

Updated at : 2022-08-20 08:30:01

Rate this item

(1 Vote)

Bank credit expanded 14.5% year-on-year to Rs 123.7 lakh crore as on July 29 this year. By contrast, deposit mobilisation climbed 9.1% to Rs 169.7 lakh crore. Banks are required to mandatorily set aside a part of deposits to meet prudential norms.

RBI gets more aggressive on forwards to save rupee

Updated at : 2022-08-20 08:30:01

Rate this item

(1 Vote)

The Reserve Bank sold a net of $3.7 billion in the spot market and $18 billion in the forward market in June according to the latest data released by the Reserve Bank of India.

External MPC member Jayanth R Varma dissented on the resolution that said the panel would remain focused on withdrawal of accommodation while seeking to achieve simultaneous goals of restraining inflation and underpinning growth.

Recent data from exchanges and other crypto companies in India provides a glimmer of hope. It is reported around 20 per cent of crypto investors in India are women, but the numbers still show a significant gender gap.

The central government, in consultation with the Reserve Bank of India, has decided to offer a discount of Rs 50 per gram, less than the nominal value, to those investors applying online and the payment against the application is made through digital mode."The nominal value of the bond...works out to Rs 5,197," the central bank said in a statement.

Rate this item

(1 Vote)

The shares were sold at an average price of Rs 2,306.18 apiece, taking the transaction value to Rs 427.99 crore.However, the buyer(s) of the shares could not be ascertained.As of the June quarter, Great Terrain Investment Ltd held a 23.74 per cent stake in CAMS, a shareholding pattern showed.CAMS shares fell by 5.48 per cent to close at Rs 2,250.10 on BSE.

"Sebi has framed a Settlement Scheme (Scheme, 2022) for the entities against whom proceedings have been initiated and are pending before any forum or authority, viz. Courts/SAT, Adjudicating Officer or Recovery Officer (provided an appeal has been filed and the same is pending before the SAT/Court," the notice mentioned.

Sebi joins RBI's account aggregator ecosystem

Updated at : 2022-08-19 20:30:01

Rate this item

(1 Vote)

Account aggregator or AA is an RBI-regulated non-banking finance company (NBFC) that facilitates the collection of the financial information pertaining to a customer from financial information providers on the basis of the consent of the customer.AA facilitates consolidation, organisation, and presentation of the financial information to the customer or FIU based on the explicit consent of the customer.

Dow sheds over 200 points on rate hike concerns

Updated at : 2022-08-19 20:30:01

Rate this item

(1 Vote)

The S&P fell 0.62%, while the Dow Jones Industrial Average dipped 207 points, or 0.61%. Nasdaq 100 futures slid 0.95%.

"At this point, the only solace for bulls is the fact that some buying emerged as the index entered into the bullish gap area present between 17,764 and 17,724 levels, registered on August 14, which was defended at least on a closing basis. Therefore, if the bulls fail to defend 17,710 levels in the ensuing week, more weakness is likely," he said.

Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.