[vc_row][vc_column][vc_column_text] In a surprise move, The Reserve Bank of India (RBI) Governor Shaktikanta Das-headed monetary policy committee (MPC) maintained the repo rate at 5.15 per cent points (bps) in its fifth bi-monthly monetary policy meeting of the financial year 2019-20 (FY20) on Thursday. However, GDP growth forecast for FY20 was slashed to 5 per cent …
[vc_row][vc_column][vc_column_text] The Union Cabinet on Wednesday cleared the launch of India?s first bond ETF in a bid to deepen the bond market and bring in retail participation in this space. The ETF, called Bharat Bond ETF, will have a fixed maturity of three and ten years and will trade on the local stock exchange. It …
[vc_row][vc_column][vc_column_text] BusinessToday.In? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?Published On: December 3, 2019 Ujjivan Small Finance Bank plans to raise Rs 750 crore through the issue, which will close on December 4 The initial public offer (IPO) of Ujjivan …
Ujjivan Small Finance Bank IPO opens today: Should you subscribe? – Business Today Read More »
[vc_row][vc_column][vc_column_text] The private sector lender CSB Bank Shares started off the first day at Rs 275 on the NSE on December 4, a premium of 41 percent over issue price of Rs 195. At 10:36 hours IST, the stock was trading at Rs 301.40 on the exchange, up 54.87 percent over issue price. CSB Bank?s …
[vc_row][vc_column][vc_column_text] The GDP numbers released on Friday showed government spending helping to prop up weak demand, but private investment growth had virtually collapsed, with a crisis in the shadow banking sector causing illiquidity in the economy. Growing by 4.5% annually in the June-September quarter, down from 7% a year earlier, the economy is expanding well …
RBI is expected to make its sixth cut on Thursday Read More »
[vc_row][vc_column][vc_column_text] The festive season demand that brings some cheers the domestic auto sales is proving to be very short-lived. After a festiveseason spike in October, the demand for passenger vehicles lost it ground in November, with sluggishness in the broader economy putting the brakes on auto sales. Higher financing costs and the industry?s impending transition …
In a strategic move to meet the highest-ever disinvestment target of Rs 1.05 lakh crores for the fiscal year 2019-20, the NDA government is not only looking at selling assets of Central Public Sector Enterprises (CPSEs) but also strategic disinvestment in profitable state-run behemoths. In 2001-02 the Vajpayee government ceded ownership of a handful of …
