The combined market capitalisation of seven out of the top 10 companies declined by Rs 1,22,107 crore over the past week, with Tata Consultancy Services (TCS) and Reliance Industries Ltd (RIL) leading the losses. Between October 7 and 11, Tata Group’s TCS saw its market cap drop by Rs 35,638 crore, settling at Rs 15,01,723 crore. RIL’s market cap fell ...

The Securities and Exchange Board of India (SEBI) has given its nod for the initial public offering (IPO) of the National Securities Depository Ltd (NSDL), India’s largest depository. This approval marks a significant milestone for the country’s financial market infrastructure. SEBI issued an observation on September 30, indicating a green light for the IPO. In regulatory terms, the observation letter ...

The highest judicial authority today issued a stern rebuke to the State Bank of India (SBI) concerning its handling of information regarding electoral bonds, a program enabling discreet donations to political parties by individuals and entities. Following the court’s previous decision to nullify the electoral bonds scheme, SBI was instructed to divulge comprehensive data regarding donations spanning the past half-decade. ...

The State Bank of India (SBI) has reportedly indicated its readiness to disclose details regarding electoral bonds, as mandated by the Supreme Court. Following the Court’s directive on Monday, SBI was instructed to provide information on electoral bonds encashed by political parties to the Election Commission of India by the close of business hours on Tuesday, March 12. Expressing dissatisfaction ...

Sep 15 (IANS) Cloud major Oracle on Thursday said its India business saw a tremendous growth in the first quarter of FY23, with the Oracle Cloud Unit (OCI) clocking over 100 per cent growth (year-on-year) for the third year in a row. In India, the OCI is growing at 25 per cent quarter on quarter (QoQ) and the company has clocked ...

A new bank scam has come into light before a Delhi court which on Tuesday ordered a court-monitored investigation. The scam involving among other public sector banks, the State Bank of India, runs into Rs 800 crore, allegedly involving an infrastructure company director. The FIR in this regard was registered by the Delhi Police’s Economic Offences Wing (EOW) and Chief ...

As festive season is approaching, all Indian banks from State Bank of India to Kotak Mahindra Bank, have raised their fixed deposit rates by 15 to 50 basis points. Bulk deposit rates have been increased by 25-50 basis points for a period of one year and more than one year deposit rates have gone up to 75-125 basis points. The ...

The State Bank of India (SBI) has declared the SBI probationary officers (PO) mains examination result for the test conducted on 4th June, 2017. The SBI PO result 2017 results are available at the online portal of SBI at sbi.co.in and the candidates can check them providing their name, roll number and date of birth in specified space. Thos who ...