Oil prices inched higher on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and on optimism of a demand recovery in China, the world’s top crude importer. Brent crude futures rose 5 cents, or 0.1%, to $93.98 a barrel by 0027 GMT while […]
Month: November 2022
Nifty to defend 20,000 or fall in trade? See GIFT Nifty, FII data, crude, F&O ban, more before market opensNifty to defend 20,000 or fall in trade? See GIFT Nifty, FII data, crude, F&O ban, more before market opens
GIFT Nifty traded flat during Tuesday’s early trading session at 20,117.5, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. Indian equity indices NSE Nifty 50 and BSE Sensex added gains for the seventh consecutive session. Nifty 50 surpassed the 20,000 mark for the first time during the day, Sensex fell […]
B’luru to Mysuru in just 75 minutes! New expressway to cut travel time between two cities by almost 2 hours – See picturesB’luru to Mysuru in just 75 minutes! New expressway to cut travel time between two cities by almost 2 hours – See pictures
1/7 Travelling from Bengaluru to Mysuru is going to get smoother. It will reduce the travel time between the two cities from around 3 hours to about 75 minutes. (Twitter image/ Nitin Gadkari) 2/7 The 118 km long expressway project which has been constructed at a total cost of around Rs 8,480 crores, is set […]
AU Small Finance Bank set to maintain its industry-leading loan growthAU Small Finance Bank set to maintain its industry-leading loan growth
AU Small Finance Bank has demonstrated an impressive performance, achieving a remarkable 54% CAGR in deposits and a 34% CAGR in loans from FY18 to FY23. This growth has solidified its position not only within the Small Finance Bank (SFB) sector but also across the broader mid-cap banking landscape. The bank’s success can be attributed […]
Midcaps IT firms go big on gifts to employeesMidcaps IT firms go big on gifts to employees
At a time when the IT industry is witnessing macroeconomic uncertainties and muted hiring, and when large companies have either deferred or skipped their annual increments, midcap firms have offered gifts and freebies to their employees. From cycles, suitcases, iPads, discount on gym memberships to more than 120% variables have been offered to employees. Kirthan […]
ESR-Allianz JV calls off $450-mn saleESR-Allianz JV calls off $450-mn sale
After a year of negotiations, the ESR-Allianz Real Estate joint venture has called off plans to sell its warehousing platform in the country, said sources in the know.The equal JV is between Asia Pacific-focused logistics developer/ investor ESR and Allianz Real Estate, part of German group Allianz. In the bidding process last year, the JV […]
MSMEs secured Rs 23.36 lakh crore in bank credit under priority sector lending in NovemberMSMEs secured Rs 23.36 lakh crore in bank credit under priority sector lending in November
Scheduled commercial banks (SCBs) invested Rs 23.36 lakh crore under priority sector lending in MSMEs in November 2023, up 21.9 per cent from Rs 19.16 lakh crore deployed in November 2022, showed latest data on sectoral deployment of bank credit by the Reserve Bank of India (RBI). In October 2023, Rs 23.15 lakh crore was […]
Nifty may rally as long as dips do not extend beyond 18000-17800; Bank Nifty appears exhaustedNifty may rally as long as dips do not extend beyond 18000-17800; Bank Nifty appears exhausted
By Anand James Thursday’s bear trap had resulted in a disproportionately large rise, which ended up rendering the trend vulnerable. Hence, Friday’s sharp falls did not come as a surprise. In fact, negative divergence in oscillators had begun to show towards the second half of the week, but it became potent only after Nifty entered […]
Kuku FM secures $25 million in Series C Funding RoundKuku FM secures $25 million in Series C Funding Round
Vernacular audio content platform, Kuku FM, has raised $25 million in a Series C funding round, led by The Fundamentum Partnership and the International Finance Corporation (IFC), with participation from Vertex Ventures. This marks Fundamentum’s second investment in Kuku FM, following their previous Series B1 funding of $21.9 million in September 2022. Kuku FM plans […]
Sebi slaps Rs 20 lakh fine on SIMR for flouting regulatory normsSebi slaps Rs 20 lakh fine on SIMR for flouting regulatory norms
Capital markets regulator Sebi has levied a fine of Rs 20 lakh on Star India Market Research for allegedly flouting regulatory norms. Star India Market Research (SIMR) is a Sebi-registered investment adviser. In its 52-page order on Wednesday, Sebi found that SIMR charged arbitrary fees from clients, sold multiple products in a short span to […]