Finance News

After debt resolution, Essar Oil lines up Rs 1,200-crore capex Essar Group bets $3.6 billion on decarbonisation in India and UK What is credit score? Why is it important? Analysts see pressure on RIL, OMC’s profitability amid firm oil prices Care Ratings upgrades Hinduja Leyland Finance’s long-term debt to AA Essar group returns to steel business with $8-billion investment PepsiCo ...

Companies to raise funds from markets Several companies, including Tata Capital Financial Services, LIC Housing Finance and Bajaj Housing Finance, have decided to raise funds from the market through bonds, according to news agency Reuters.   These also include a public sector bank, Punjab & Sind Bank, which has decided to raise money through certificates of deposit. Tata Capital Financial ...

High-balance bank accounts without updated KYC under govt’s radar RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8% RBI MPC: Here is what experts have to say about the policy announcement MPC lowers projection for inflation, raises growth outlook a bit in FY24 RBI Monetary Policy: Repo rate up by 25 bps, FY23 inflation ...

Yield at state govt bonds auction eases by 16 bps; 4 states raise Rs 6K cr Banks tier II bond issuance surges 3.5 times in FY23, shows data Treasury yield curve inverts: What it means and what does it signal? Buoyed by firm demand, HDFC Bank mulls fresh Rs 5,000-cr Tier 2 bond sale 10-year bond yield at highest since ...

AU Small Finance Bank reports highest quarterly profit of Rs 425 cr in Q4 AU Small Finance Bank on Tuesday reported its highest ever quarterly profit of Rs 425 crore in March quarter, up 23 per cent year-on-year. The bank’s net profit was Rs 346 crore in the year-ago quarter. It’s net profit for the full financial ...

AU Small Finance Bank reports net profit of Rs 425 crore in Q4 What is a small modular nuclear reactor? Nuclear power: All that you need to know about small modular reactors Finance Ministry sharply raises small savings rates for March quarter Bharti Axa Life, Accel infuse over Rs 111 cr as equity in Shivalik SFB Base effect contributing to ...

RBI imposes Rs 44 lakh penalty on 4 co-operative banks for violation The Reserve Bank has imposed penalties totalling Rs 44 lakh on four cooperative banks, including a Rs 16 lakh penalty on Chennai-based The Tamil Nadu State Apex Co-operative Bank, for contravention of various norms. A penalty of Rs 13 lakh has been imposed on Bombay Mercantile ...

Credit Suisse’s net asset outflows topped $68 billion in first quarter Ailing Swiss bank Credit Suisse on Monday reported over 61 billion Swiss francs (over USD 68 billion) in net asset outflows in the first quarter, when Switzerland’s government arranged for its takeover by rival UBS, and said investors are continuing to withdraw assets this month. The Zurich-based ...

How much you need to pay to get higher EPS pension? New circular clarifies EPFO’s new guidelines: How can employees opt for higher pension under EPS? How to check pension status on EPFO portal: Here’s a step-by-step guide Explainer: Are you eligible to opt for a higher pension from EPS? Here’s how to check EPF passbook balance online or via ...

India’s 10-year bond yield ends at one-year low on policy pivot Bond yields track US peers on Federal Reserve interest rate hike Government bond yields little changed as traders await fresh triggers Monetary policy: Bond yields soften after RBI hits pause on rate hike Peak in bond yields that appeared close has now vanished from sight T-bill yields continue to surge, ...