SBI to sell 2% equity stake in IPO-bound NSDL through offer for sale State Bank of India (SBI) on Monday said it proposes to sell 2 per cent stake by offloading 40 lakh shares in depository organisation NSDL. The bank intends to participate in an Initial Public Offering (IPO) of National Securities Depositories Limited (NSDL), SBI said in a regulatory ...

Net direct tax mop-up grows 16% to Rs 4.75 trillion: I-T department Net direct tax kitty swelled 16 per cent to Rs 4.75 lakh crore so far this fiscal, a reflection of economic activity gaining traction. The Income Tax department in a statement said the collection has touched 26.05 per cent of the total budget estimates of direct taxes for ...

Securitisation volumes surge 60% to Rs 55,000 cr in Q1: Crisil Report Robust loan collections and high credit growth at non-bank lenders led to 60 per cent jump in securitization volumes to Rs 55,000 crore in June quarter, a report said on Monday. This is the highest ever in the first quarter of a fiscal, rating agency Crisil said, attributing ...

What are FPIs and mutual funds buying and how should you ride the bull run? Market rally turning broad based in terms of number of stocks outperforming the benchmark index

Banks, consumer cos to brighten earnings in India amid IT uncertainties India’s banks have largely remained insulated from a global crisis in the industry with their heavy reliance on local markets

Is there still a chance for higher EPS pension deadline extension? [ad_1] The last date to apply for higher pension under the Employees’ Pension Scheme (EPS) is July 11 — i.e., Tuesday. The Employees’ Provident Fund Organisation (EPFO) had in its press release dated June 26, 2023, said that the last opportunity of 15 more days was being given so ...

Govt allows ED to share data with GSTN, move to help recovery of GST The government has amended provisions of the money laundering Act to allow enforcement directorate (ED) to share information with GST Network. The move would help recovery of Goods and Services Tax (GST) evaded through money laundering. GSTN handles the technology backbone of the indirect tax regime ...

National Pension Scheme to add 1.3 million new subscribers in FY24 To roll out systematic withdrawal plan in October

Punjab National Bank infuses Rs 72.83 crore in its Bhutan subsidiary State-owned Punjab National Bank on Friday said it has infused Rs 72.82 crore in its Bhutan subsidiary Druk PNB Bank Ltd via a rights issue. The investment in Rights Issue has been made on July 7, 2023 through participation in the issue of Druk PNB Bank Ltd (DPNBL), PNB ...

Rupee hits six-week low against US dollar, loses 1% against greenback Stronger-than-expected job data firmed up expectation of further interest rate hike by the US Federal Reserve