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Canara Bank, Bank of Maharashtra plan bond sales to raise Rs 4,500 crore

With demand for credit remaining strong, banks have been looking to tap the bond markets and raise funds to finance the loan growth. As on November 17, bank credit growth was at 20.6% YoY while deposit growth was at 13.6% over the same period, latest RBI data showed.

2023-12-06T02:15:03Z

Fraudster posing as army officer dupes man of ₹5L, chargesheet filed

The accused, Deepak Kumar of Sanji Morh in Hiranagar tehsil of Kathua district, had taken ₹5 lakh from complainant Darshan Kumar of Mansar in Samba district on the pretext of arranging a job for him in military engineer services

2023-12-06T17:18:03Z

Cash for Query मामले में OM Birla ने JDU सांसद Giridhari Yadav को जमकर लगाई फटकार

Cash for Query मामले में लोकसभा में एक अजीबोगरीब वाकया देखने को मिला…दरअसल जेडीयू सांसद गिरधारी यादव जब इसपर चर्चा में भाग ले रहे थे उन्होंने स्पीकर ओम बिरला के सामने कह दिया कि उनका सवाल उनका पीए पूछता है। उन्होंने कहा कि मैं कभी अपना सवाल खुद नहीं बनाता हूं। ये सारा काम मेरा पीएम करता है। गिरधारी के इस बयान पर स्पीकर ओम बिरला भड़क गए और उनपर कड़ी कार्रवाई की चेतावनी दी।

2023-12-09T11:08:39Z

Banks Will Open Five Days In A Week? Check What Banking Association Has Demanded

Since 2015, Indian banks have observed public holidays on the second and fourth Saturday of every month, leading to a two-day weekend.

2023-12-05T14:56:51Z

Daily Leo Horoscope Today, December 6, 2023: Your financial aspect will remain strong!

Leo Horoscope Today for December 6: Your financial aspect will remain strong. Check the full predictions here.

2023-12-05T18:36:09Z

GST evasion case: Thrissur collector issues order attaching properties of High Rich firm

Anil pointed out that when a case of financial mismanagement or tax evasion comes up, freezing the accounts of the particular company is the normal proceedings. THRISSUR : District Collector Krishna Teja on Thursday issued an order freezing the account and attaching properties of Arattupuzha-based High Rich Online Shoppe Pvt Ltd, which is mired in a GST evasion case. Responding to the order, Congress leader Anil Akkara said the move will protect...

2023-12-08T03:00:37Z

Mumbai: ED Raids Businessman Mansukhlal Gala & His CA's Premises In ₹133 Crore Fraud Case

The Enforcement Directorate (ED) conducted raids at five locations in Mumbai in connection with a fraud of Rs 133 crore. Raids carried out The case was initially registered in 2019 at Bhuvanwada police station, and later, the ED filed an ECIR in the year 2022. The raids were carried out at the premises of businessman Mansukhlal Gala and his CA. Com...

2023-12-06T10:13:07Z

Where to invest Rs 10 lakh? Invest the bulk in equities, says Srikanth Subramanian of Kotak Cherry

Interest rates could soften towards the second half of calendar 2024, but for now, the Reserve Bank of India will continue on pause. If you have Rs 10 lakh to invest today, deploy 60-70 percent in equities, 25-30 percent in debt and the balance 10-15 percent in alternative avenues including gold, says Srikanth Subramanian, CEO, Kotak Cherry.

2023-12-08T03:12:18Z

SBI Amrit Kalash Deposit Scheme With Upto 7.60% Interest Rate Ending Soon; Check Deadline

SBI Amrit Kalash Deposit Scheme, originally launched on February 15, 2023, with a supposed conclusion on March 31, 2023, the scheme has been granted multiple lifelines to accommodate interested participants.

2023-12-07T07:29:10Z

Squid Game The Challenge winner Mai Whelan says she hasn't received $4.56 million prize money from show

Squid Game The Challenge has been renewed for a new season. It will stream on Netflix.

2023-12-09T04:07:32Z

UPI payment limit to hospitals, educational institutes raised to Rs 5 lakh: RBI

Mumbai, Dec 8 (PTI) In a major decision, the RBI on Friday announced to raise the UPI payment limit to hospitals and educational institutions to Rs 5 lakh from Rs 1 lakh presently and hiked the cap for e-mandates for recurring payments to Rs 1 lakh

2023-12-08T07:46:00Z

Students collect Rs 8 lakh for classmate after she lost her father

In our good news segment, watch this story from Kerala's Vithura where a bunch of students collected 8 lakh rupees for their classmate after she lost her father.

2023-12-05T17:52:42Z

Gautam Gambhir's Stern Reaction on Kohli vs Naveen Spat in IPL 2023 #gautamgambhir #viratkohli

Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools.A part of Network18, moneycontrol.com is the most influential destination for stock market news and advice, business news, and news about the Indian and global economy.Subscribe: https://bit.ly/moneycontrolyoutubeFollow us:Visit https://www.moneycontrol.com/Facebook: https://www.facebook.com/moneycontrol/Twitter: http://www.twitter.com/moneycontrolcomInstagram: https://www.instagram.com/moneycontrolcom/

2023-12-09T18:04:24Z

Mutual Fund SIP: THESE Are Top 5 Benefits Of Investing In This Instrument

Mutual fund investment: Investing in the stock market, while potentially lucrative, carries significant risk for those lacking the necessary time, expertise, or resources to choose and manage individual stocks. This is where the role of mutual funds becomes critical. Here are five key advantages of investing in mutual funds.

2023-12-08T11:29:38Z

Cash-strapped Pakistan secures $655 million Asian Development Bank package

Days after Finance Minister Shamshad Akhtar deemed Pakistan’s public debt unmanageable, the neighbouring country has already acquired a USD 655 million financing package from the Asian Development Bank, which includes a costly USD 300 million loan at market rates. The ADB approved a financing package for Pakistan under three different loans. These ...

2023-12-07T09:17:12Z

Mutual fund SIP inflows touch new high of Rs 17,000 crore in November

Pradeepkumar, however, added that given the rich valuations in mid and small cap stocks, they are advising investors to take a staggered approach to investments. NEW DELHI: Systematic investment plans (SIPs) contributions in the Indian mutual fund industry touched a new high of Rs 17,073.30 crore in November 2023, according to data released by the Association of Mutual Funds in India (AMFI). In October, SIP contribution was recorded at Rs 16,928...

2023-12-09T03:39:29Z

Indian market more sensitive to growth, liquidity than valuation: Rashesh Shah

Edelweiss Group chairman Rashesh Shah also believes that incremental FII inflows will come to India once interest rates in the US start coming down

2023-12-06T07:55:23Z

Moneycontrol LIVE: RBI Governor Shaktikanta Das | Announcement On Key Interest Rate | MPC Decision

The Reserve Bank of India’s Monetary Policy Committee is widely expected to keep the repo rate unchanged at its review meeting ending on December 8, but is likely to adopt a cautious stance regarding rising threats of food inflation and excess liquidity in the system. While the market participants are keenly awaiting the RBI’s revised inflation and GDP forecasts, they are also keeping a close watch on any additional measures by the central bank to suck out the excess liquidity. The MPC has kept the repo rate unchanged at 6.5 percent in the past four monetary policy reviews, after raising the rate by 250 basis points since May 2022. Catch Moneycontrol's Nandita Khemka & Stacy Periera for more insights on the announcement today. #live #rbi #mpc #gdp #ratehikes Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools.A part of Network18, moneycontrol.com is the most influential destination for stock market news and advice, business news, and news about the Indian and global economy.Subscribe: https://bit.ly/moneycontrolyoutubeFollow us:Visit https://www.moneycontrol.com/Facebook: https://www.facebook.com/moneycontrol/Twitter: http://www.twitter.com/moneycontrolcomInstagram: https://www.instagram.com/moneycontrolcom

2023-12-08T06:02:10Z

Bank of India QIP sees strong demand, subscribed 4.5 times

Pinebridge Capital Investments, Morgan Stanley Invesment Management, Millennium LLC, Jupiter Asset Management, Moon Capital Management LP and US based trading firm Jane Street Capital are among the large foreign investors who have placed bids, people familiar with the details said.

2023-12-06T06:45:10Z

Income Tax Raid: Rs 290 crore cash recovered in the raid

Income Tax Raid: Black money worth crores of rupees has been found in three states in the last 85 hours. Raids are going on at the hideouts of Congress MP Dheeraj Sahu. It is believed that this figure can go up to Rs 250 crore. Let us tell you that on Friday, Modi had targeted the opposition regarding the income tax raid.

2023-12-09T08:49:56Z

Forex reserves at $604 billion

India's foreign exchange reserves stood at $604 billion for the week ending December 1, said Reserve Bank of India's Governor Shaktikanta Das during the bi-monthly MPC meet.

2023-12-08T05:12:37Z

Monthly SIP flows top 17,ooo crore mark

MUMBAI: Monthly flows into the mutual fund industry through the systematic investment plans (SIPs) reached an all-time high of Rs 17,073 crore in November as more investors are now convinced with the process that instills discipline and regularity to their investments. The number of SIP accounts for the fund industry reached a new high at close to ...

2023-12-09T00:15:43Z

RBI MPC Meeting Starts Today: Check Key Agendas

The committee's objective is to strike a balance, aiming to achieve the targeted inflation rate while considering the broader goals of economic growth.

2023-12-06T03:57:34Z

Jayaswal Neco to raise ₹3,200 cr in debt

The company will use the funds to repay high-cost money raised from Ares SSG-backed Assets Care and Reconstruction Enterprise (ACRE), the people said. Edelweiss Alternatives Assets through its Edelweiss Special Opportunities Fund, along with other funds, will invest ₹1,000 crore while Kotak Special Situation Fund will provide ₹1,500 crore, and Allianz Global Investors ₹700 crore, one of the persons cited above said. The funds will invest in...

2023-12-08T19:23:33Z

Sebi bans 2 persons from securities market for 2 yrs for flouting investment advisory rules

New Delhi, Dec 6 (PTI) Capital markets regulator Sebi has barred two individuals from the securities markets for two years and ordered them to return Rs 82

2023-12-06T12:13:07Z

TN: SBI Tenkasi branch told to pay Rs 1.42L to school teacher

The bank manager ruled out the possibilities of an unlawful transaction stating that their bank is highly protected. THOOTHUKUDI: Thoothukudi District Consumer Disputes Redressal Commission has ordered a nationalised bank to pay Rs 1.42 lakh to a school teacher, after she filed a complaint alleging inadequate service. Latha, who works as a teacher in Keelapuliyur of Tenkasi district, had raised a complaint with the State Bank of India (SBI),...

2023-12-06T03:30:10Z

Bank of Baroda launches BOB Parivar Account: Know benefits, scheme details and more

Bank of Baroda has launched the BOB Parivar Account for Savings and Current Accounts, along with a wide array of benefits.

2023-12-06T07:40:45Z

₹250 monthly SIPs? What SEBI chairperson said about mutual funds

Sebi chairperson said that they are working with mutual funds to make SIPs of ₹250 viable for the general public, leading to increased investments.

2023-12-10T03:30:44Z

8 smart new year resolutions for boosting your finances

This article discusses the importance of new year financial resolutions in establishing a plan for financial success. It emphasizes the need for careful planning and setting financial goals. It suggests updating goals and regularly monitoring progress. It advises assessing net worth, clearing debts promptly, and revising retirement savings. It highlights the importance of establishing an emergency fund and periodically rebalancing investment...

2023-12-08T04:24:56Z

Defi Sensation Retik Finance (RETIK) Is Considered The Best Token For 2024

Overview of Retik Finance (RETIK) Retik Finance is at the forefront of driving a comprehensive decentralised finance ecosystem, effectively bridging the gap between cryptocurrencies and traditional fiat instruments like Visa and Mastercard Debit Cards. Through the displacement of third-party intermediaries with secure Smart Contracts, the platform ...

2023-12-08T06:15:28Z

Panchkula: 5,000 Canadian dollars, gold stolen from Sector-12 house

Police have launched a probe into the theft of gold jewellery and 5,000 Canadian dollars from a house in Sector 12-A here

2023-12-07T04:18:29Z

Wage pact: Banks to shell out additional Rs 12,500 cr a year; IBA pushes for five-day week

Many countries, including the US, follow the Monday-Friday working days for banks. Currently, bank branches in India are closed on second and fourth Saturdays every month.

2023-12-09T07:00:33Z

Funds raised through QIP hit a 3-year high of Rs 42,000 crore, 35 companies take the road

In 2023, a total of around Rs 42,000 crore was raised by around 35 firms through QIP, the largest amount raised since 2020

2023-12-08T03:12:18Z

Let us clearly define climate finance, says India at COP28 meet

Questioning the claims of the developed countries that they had finally mobilised US$ 100 billion in climate finance last year, India Friday called all countries to agree on a common framework for defining what exactly constituted climate finance. “The lack of definition (of climate finance) leads to a lack of trust and transparency on a matter tha...

2023-12-08T22:05:02Z

Counterfeit currency worth Rs 16 crore seized last year in Delhi, shows data

The country enjoyed a brief respite for just one year postdemonetisation, during which there were very few reports of the circulation of fake Indian currency notes (FICN). NEW DELHI: Even seven years after demonetisation, India continues to grapple with the menace of counterfeit currency, as fake Indian currency notes (FICN) valued at around Rs 16 Crore were seized in Delhi alone last year. The country enjoyed a brief respite for just one year...

2023-12-06T03:42:48Z

SpiceJet may get ₹1.3k cr from big investors

SpiceJet may receive a crucial boost as the airline's board prepares to convene on Monday to explore fundraising initiatives. According to sources cited by the Times of India, two significant investors are likely to infuse over Rs 1,000 crore into the financially challenged airline. The report indicates that one investor is expected to contribute approximately Rs 1,000-1,200 crore, while the other may invest up to Rs 300 crore.

2023-12-09T11:09:30Z

NSE Investor Education Video 4

NSE Investor Education InitiativeMoneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools.A part of Network18, moneycontrol.com is the most influential destination for stock market news and advice, business news, and news about the Indian and global economy.Subscribe: https://bit.ly/moneycontrolyoutubeFollow us:Visit https://www.moneycontrol.com/Facebook: https://www.facebook.com/moneycontrol/Twitter: http://www.twitter.com/moneycontrolcomInstagram: https://www.instagram.com/moneycontrolcom/

2023-12-10T01:49:54Z

Stock Market News: Mufin Green Shares Hit Upper Circuit After Announcement of Fund Raise | Check Details Here

The company has a market capitalisation of Rs 1738.71 crore. To recall, the Mufin Green shares declined 8 percent in the last 1-month, gave return of 106% in last 3-months, and soared 172% in last 6-months.

2023-12-08T10:33:35Z

Zerodha founders' salary revealed: What Kamath brothers made last financial year

Zerodha founders Nikhil Kamath and Nithin Kamath collectively took home Rs 72 crore as their annual salary in the financial year (FY) 2022-23. Seema Patil, Nithin Kamath's wife and the firm's director, took home Rs 36 crore.

2023-12-09T11:20:31Z

Unable To Find Buyer, Homegrown Fintech Startup ZestMoney To Shut Down Operations

In May this year, the founders of ZestMoney resigned as the fintech startup failed to raise fresh capital. A potential deal to acquire ZestMoney by leading fintech company PhonePe fell through recently.

2023-12-06T15:27:40Z

Five Star Business Finance bulk deal; Rs 2.3 crore shares sold, Matrix Partners likely

According to reports, Matrix Partners India is the likely seller in the Rs 1,704 crore deal.

2023-12-08T04:12:22Z

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

2023-12-08T00:27:14Z

2 Banks That Witnessed HIGHEST MFs Buying in Q2!

Looking at the mutual funds’ buying in Q2 FY24, two banks that remained at the top of their list were both surprising names and showed their conviction in smaller banks. CSB Bank Limited CSB Bank Ltd (NS:CSBB) hardly makes it to the list of any...

2023-12-08T11:32:26Z

Govt seeks nod from Lok Sabha for net additional spending of Rs 58,378 crore this fiscal

The first batch of supplementary demands for grants for 2023-24 fiscal was tabled in the lower house of the parliament by Minister of State for Finance Pankaj Chaudhary.

2023-12-06T08:10:22Z

Live: RBI Policy To Dictate Market Moves | MPC May Hold Rates | Zomato, Five-Star Business In Focus

Indian equity market finally entered into consolidation mode and saw profit taking on December 7, after significant upward journey in previous seven straight sessions. Hence, the said consolidation may continue for some more days with major support at 20700-20,500 area, as long as the Nifty50 trades below psychological 21,000 mark, but in case, the index sees sharp upmove above 21,000 mark, then another phase of northward journey may be seen, experts said. On December 7, the BSE Sensex declined 132 points to 69,522, while the Nifty50 fell 37 points to 20,901 and formed bearish candlestick pattern with long lower shadow on the daily scale. The broader markets gained a bit of strength compared to consolidation in the past two days, with the Nifty Midcap 100 and Smallcap 100 indices rising six-tenth of a percent and 0.4 percent respectively on positive breadth. About 1,193 shares advanced against declining 933 shares on the NSE. The volatility index, India VIX also trended lower, snapping three-day upmove and closing 7.76 percent lower at 12.67 levels which provided some support to the market. The MPC will announce its interest rate decision today. This morning global cues are mixed with Wall Street snapping a 3-day losing streak and Asian markets too in the mixed zone after a surprise revision in Japan’s Q3 GDP. The GIFT Nifty, however, trades above the 21,000 mark. Also among stocks in focus today, we put the spotlight on Zomato, Five-Star Business, Concor, IRCON among others. Catch Nandita Khemka in conversation with Latha Venkatesh, Executive Editor, CNBC-TV18 and Raja Venkatraman, Co-founder Neotrader and Trading Influencer.#live #stockmarket #sensex #nifty Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools.A part of Network18, moneycontrol.com is the most influential destination for stock market news and advice, business news, and news about the Indian and global ec #onomy.PaytmSubscribe: https://bit.ly/moneycontrolyoutubeFollow us:Visit https://www.moneycontrol.com/Facebook: https://www.facebook.com/moneycontrol/Twitter: http://www.twitter.com/moneycontrolcomInstagram: https://www.instagram.com/moneycontrolcom

2023-12-08T06:02:09Z

Govt seeks Rs 1.29 lk cr extra fund

During the ongoing winter session of the Parliament, the Government of India on Wednesday sought the parliament's approval for an additional spending of Rs 1.29 lakh crore for FY24.

2023-12-06T07:45:11Z

SIM card fraud: Man easily hacks into a company's bank account and steals Rs 18.74 lakh

In a shocking revelation, the Navi Mumbai police have unraveled a complex cyber theft where a cunning individual exploited SIM card fraud to infiltrate a company's bank account, absconding with a substantial Rs 18.74 lakh.

2023-12-07T12:31:02Z

Around 24,000 Madrassas Under Scanner in UP Over Funds from Abroad

Around 24,000 madrassas in Uttar Pradesh are under the scanner for allegedly receiving funds from abroad, with a probe set up to examine if the money was used on illegal activities like terrorism or forcible religious conversion. According to top Uttar Pradesh police sources, as many as 8,448 madrassas have been found to be illegal and a report on their alleged illegal operations has been submitted to the state government. Around 30-40 madrassas...

2023-12-07T05:16:28Z

Paytm to issue fewer personal loans of 600 dollars or less | World Business Watch

India's Paytm will issue fewer personal loans of 600 dollars or less. This annoucement comes weeks after India's Central Bank tightened rules on consumer lending after a surge in demand.

2023-12-07T06:01:20Z

Vantage | Why it's time for colonisers like UK to pay up trillions of dollars they looted

Making amends for mistakes is a universal practice, often initiated with a sincere apology. However, when historical mistakes involve the loss of millions of lives, the impoverishment of entire populations and the exploitation of entire continents, a mere apology seems insufficient. This is the sentiment resonating from former colonies towards Euro...

2023-12-08T08:50:32Z