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State Bank of India (SBI), the country’s largest lender has sanctioned new term loan amounting Rs 12.50 crore to SRG Housing Finance. The term loan was sanctioned by the bank’s Udaipur branch on October 09, 2013. The board of directors of SRG Housing Finance at its meeting held on October 15...

The Gujarat Pollution Control Board has withdrawn the notice issued to Ecoplast after the company took necessary steps for compliance for withdrawal of notice. Accordingly Dakshin Gujarat Vij Company has reconnected the power supply to the company. The company had earlier received notice from...

The US markets closed lower on Tuesday, with no signs of progress towards a budget deal, two days before the nation is expected to hit its debt limit. House Republican leaders stated that they were still working to find a way to end the partial government shutdown and raise the debt limit. House...

Most of the Asian equity benchmarks are trading in the green in early deals on Tuesday as investors went for bargain hunting on expectations of an imminent deal to reopen the US government and avert a possible debt default, the investors though will remain wary until they see the final outcome...

Reliance Industries (RIL) has thrashed a report of DGH-appointed one-man expert on reasons for fall in output at its KG-D6 fields saying the study of such a complex reservoir was prepared and issued in just one week. The 11-page report by reservoir expert P Gopalkrishnan is being used by the Oil...

Interbank call rates, the rate at which banks borrow from each other to meet their short-term fund requirements, edged higher at 9.00/9.10%, against its previous close of 8.95/9.00%, as banked preferred maintaining some liquidity into the system ahead of festive season. The banks via Liquidity...

As per the NSE data, POWER FIN 8.85% 14 (S-93-A), currently trading at Rs 99.4518 at Last Trade Yield (YTM) Annualized of 9.4499% was in maximum demand, followed by IDFC 9.65% 2014 (PP 29/2012), trading at Rs 99.8780 with a YTM of 9.7146 %, POWER FIN 9.27% 2017(S-91-B) at Rs 99.3979 and YTM of...

As per the OTC data of October 14, 7.16% GOVT STOCK 2023 maturing on 20-May-2023 was in maximum demand with 16 number of trade and total volume of Rs 410.00 crore, at last traded price of Rs 91.01 and last traded YTM of Rs 8.55. Followed it was, 8.28% GOVT.STOCK 2027, maturing on...

Bond yields spiked up after higher than expected CPI increased the odds of Reserve Bank of India (RBI) hiking rates for second time later this month, i.e., in its quarterly monetary policy on October 29. On the macro-front, inflation based on the Consumer Price Index (CPI), the retail inflation...

Indian rupee, extending previous sessions’ weakness, was trading weaker against dollar on Tuesday, tailing the sluggish trend of local equities on the back of murky CPI data, which added to the string of dismal macroeconomic indicators of the country, increasing the odds of another rate hike by...

Andhra Pradesh Paper Mills is currently trading at Rs. 280.90, down by 12.80 points or 4.36% from its previous closing of Rs. 293.70 on the BSE. The scrip opened at Rs. 284.10 and has touched a high and low of Rs. 285.00 and Rs. 276.15 respectively. So far 19183 shares were traded on the...

Tata Steel is currently trading at Rs. 310.00, up by 8.65 points or 2.86% from its previous closing of Rs. 301.95 on the BSE. The scrip opened at Rs. 303.25 and has touched a high and low of Rs. 311.40 and Rs. 301.10 respectively. So far 8, 94,000 shares were traded on the counter. The BSE...

Years after dropping out of an ONGC-led consortium for developing a giant oilfield in Venezuela, Reliance Industries (RIL) is close to taking an oil block in the Latin American nation that can produce as much as 10 million tons of oil per annum. RIL has signed an agreement with Venezuelan state...

Syndicate Bank, a state-run bank, is planning to have 3,200 branches and 3,000 ATM networks towards the end of this financial year. The bank currently has got a network of 3,047 branches and around 1,360 ATMs. The bank has inaugurated new branch at Anna Nagar (West) in Chennai. Besides, the...

Ashok Leyland’s promoter Hinduja Automotive has purchased 2.6 crore shares of the company for about Rs 41.08 crore. The shares were bought at an average price of Rs 15.8 each from Lotus Global Investments through the open market. As of the quarter ended June, Hinduja Automotive held 102.72 crore...

CARE has reaffirmed ‘AAA’ ratings to Axis Bank’s Lower Tier II Bonds worth of Rs 10,000 crore. The rating factors in the healthy business growth complemented by robust branch network, experienced senior management, stable financial performance, comfortable capitalization levels, healthy...

Induslnd Bank is currently trading at Rs. 420.45, up by 5.15 points or 1.24% from its previous closing of Rs. 415.30 on the BSE. The scrip opened at Rs. 423.00 and has touched a high and low of Rs. 425.80 and Rs. 419.00 respectively. So far 17,000 shares were traded on the counter. The BSE...

As per the NSE data, POWER FIN 8.85% 14 (S-93-A), currently trading at Rs 99.5883 at Last Trade Yield (YTM) Annualized of 9.2906% was in maximum demand, followed by IND RLY FIN8.49% 2014 (S-64), trading at Rs 99.6523 with a YTM of 9.4646% and PGC 8.85% 2016 (S-XLI STRPP-A), trading at Rs 99.3534...

The Indian markets made a good bounce back in the late trade of last session, despite being pressured by the weakness in rupee and heavy selling in banking stocks. Today, the start is likely to be modestly in green and the indices are likely to extend their momentum, as in a surprise move, the...

Coming as a bolt out of the blue, the Reserve Bank of India (RBI) after a review of evolving liquidity conditions and in continuation of calibrated withdrawal of exceptional measures undertaken since July 2013, reduced the marginal standing facility (MSF) rate by a further 50 basis points from...