News Overview

With effect from 01 July 2022

Nifty slides below 15,700; metal stocks decline

The key indices pared early gains and slipped into the negative terrain in morning trade. The Nifty slipped below the 15,700 level after hitting the days high of 15,797.45 in early trade. Metal shares witnessed significant selling pressure. At 10:28 IST, the barometer index, the S&P BSE Sensex, was down 117.84 points or 0.22% to 52,790.09. The Nifty 50 index lost 56.35 points or 0.36% […]

IRDAI may soon consider a proposal that seeks to have a single limit for expenses made by insurance companies.

Nearly 4,468 client accounts include cash worth Rs100 crore that the bank is attempting to reclaim.

Analysts at IIFL Capital Services cite their conservative assumptions for oil/GRMs as the key reason for this. The decision to levy excise duty, however, supports the argument that earnings visibility for the sector remains poor and sensitive to such policies.

82% of WazirX's volumes were down, according to information from the crypto research and consultancy firm Crebaco. On CoinDCX, the fall was approximately 70%, while on ZebPay, it was 76%.

A major bank employees union said on Sunday that 2,044 branches and over 13,000 personnel were cut from Indian government-owned banks in 2022

CSB Bank gained 1.15% to Rs 193.50 after the private lender said that its total deposits increased 8.65% to Rs 20,266.77 crore as on 30 June 2022 as against Rs 18,652.80 crore as on 30 June 2021.

National Fertilizers (NFL) advanced 3.99% to Rs 43.05 after the companys total fertilizer sales jumped 47% to 15.58 lakh MT (metric tonne) in April-June 2022 compared with 10.62 lakh MT recorded during the same period last year.