Latest News

State Bank of India shelves $1.7 billion fund raising as yields elevated, sources say

State Bank of India shelves .7 billion fund raising as yields elevated, sources say

MUMBAI, March 17 (Reuters) – State Bank of India, the country’s largest lender by assets, is shelving plans to raise funds this fiscal year, discouraged by elevated bond yields despite a policy rate cut and liquidity boost from the central bank, three sources aware of the matter said on Monday. The bank had planned to raise as much as 150 billion rupees (about $1.7 billion) through sale of bonds before the end of March, but will now tap the market in the next financial year that starts in April, the sources said. Get the latest news from India and how

Maruti Suzuki to hike vehicle prices by up to 4 pc from April

Maruti Suzuki to hike vehicle prices by up to 4 pc from April

New Delhi, Mar 17 (PTI) Maruti Suzuki India on Monday said it will hike vehicle prices by up to 4 per cent from April in order to offset the impact of rising input costs. In light of rising input costs and operational expenses, the company has planned to increase the prices of its cars from April, the country’s largest carmaker said in a regulatory filing. The price increase is expected to be up to 4 per cent and will vary depending on the model, it added. While the company continuously strives to optimise costs and minimise the impact on its

Markets rally in early trade tracking sharp gains in global peers, buying in bank stocks

Markets rally in early trade tracking sharp gains in global peers, buying in bank stocks

Mumbai, Mar 17 (PTI) Stock market benchmark indices Sensex and Nifty bounced back on Monday morning trade, mirroring a sharp rally in global peers along with buying in IndusInd Bank and other financial majors. The 30-share BSE benchmark Sensex climbed 363.67 points to 74,192.58 in early trade, snapping its five days of losses. The NSE Nifty went up by 115.3 points to 22,512.50. From the Sensex pack, IndusInd Bank jumped nearly 5 per cent after the Reserve Bank on Saturday assured customers that the firm remains ‘well-capitalised’, even as it directed the bank’s board to complete remedial action relating to

Rupee rises 25 paise to 86.80 against US dollar in early trade

Rupee rises 25 paise to 86.80 against US dollar in early trade

Mumbai, Mar 17 (PTI) The rupee appreciated 25 paise to 86.80 against the US dollar in early trade on Monday, as domestic equities opened on a higher note and Asian currencies continued to remain on the stronger side. Forex traders said the rupee could extend its gains in the near-term, as the dovish Fed expectation has pressured the greenback, further aiding the rupee’s recovery. However, global risk sentiment and oil price movements will play a crucial role in determining the next leg of the rupee’s trajectory. At the interbank foreign exchange, the rupee opened at 86.90 against the greenback, then

1 … 1,192 1,193 1,194 1,195 1,196 … 1,772