Latest Stock Market News

RBL Bank Ltd., incorporated in the year 1943, is a banking company (having a market cap of Rs 9009.74 Crore).

The lender is the first Indian entity to raise money through Formosa Bond, which is a bond issued in Taiwan.

Even though such business income is covered under 100% deduction for the GIFT IFSC units, any payment made to such GIFT IFSC units are subject to withholding tax under the Act. Currently, the exemption of tax withholding and reduced rates is only on certain income.

On the technical charts, the RSI of the stock stood at 17.8.

Despite sharp drops from their 2021 peaks, several of the stocks caught up in the meme-stock trading frenzy are trading higher then they were at the start of 2021. AMC and GameStop remain up about 600% and 400%, respectively, from their Dec 31, 2020 closing levels.

The pan-European STOXX 600 fell 0.8 per cent, on course for its fourth straight weekly decline, with autos and chemical stocks leading losses.

The city-headquartered bank had acquired a stake in the life insurer post amalgamation of the erstwhile Oriental Bank of Commerce (OBC) into itself last fiscal year. The erstwhile OBC held 23 per cent stake in the life insurer, which by virtue of amalgamation has come to PNB.

Inviting bids for sale of properties in the recovery proceedings against Ramel Industries and its promoters or directors, Sebi said the e-auction will take place on February 24, 2022 between 10.30 am and 12.30 pm.

"We continue to see multiple positive indicators for our business - the uptick in new leasing, our delivery of the 1.1 million square feet (MSF) JP Morgan campus, our 4.6 MSF of development pipeline, and a 5 MSF potential acquisition opportunity in Chennai," Holland said.

​The revenue from operations came in at Rs 5,103 crore, up 8.3 per cent against Rs 4,711 crore in the corresponding quarter last year.