Search Results for: Kotak Securities

Good news for depositors as Moratorium on Yes Bank to be removed on March 18

On March 5, the Reserve Bank of India superseded the board of Yes Bank after it was unable to raise fresh capital.

Mar 14, 2020

SBI, ICICI Bank, HDFC Bank, LIC, others to invest Rs 11,700 crore to revive Yes Bank

Public-sector undertaking State Bank of India will be joined by seven other private lenders namely HDFC Bank, ICICI Bank, Kotak Bank, Axis Bank, Damani, Jhunjhunwala, and Azim Premji Trust to pick up stake and support revival of Yes Bank. LIC has also been roped in by the RBI to revive the private-sector lender

Mar 13, 2020

Roller coaster Friday: Sensex recovers whopping 5400 points after hitting lower circuit

Soon after the trading session was resumed, the indices at both BSE and NSE Sensex and Nifty shot up as much as 5,381 points and 1,604 points, respectively, from their early morning lows.

Mar 13, 2020

Bloodbath at Dalal Street: Sensex plunges over 2400 points, Nifty falls over 600 amid Coronavirus fear

The BSE Sensex was trading at 35,144, lower than 2400 points or 6.4 per cent from its previous close of 37,576.62.

Mar 9, 2020

Oil plunges 25% after Saudi Arabia slashes prices, says will open taps

Oil prices plunged around 25%, heading towards their biggest daily loss since 1991 after Saudi Arabia slashed prices and set plans for a big increase in crude production in April.

Mar 9, 2020

Aramco trades below IPO price for first time, after OPEC pact unravels

Shares of Saudi state oil company Aramco 2222.SE fell below their initial public offering (IPO) price on Sunday, March 8 for the first time since they began trading in December after the OPEC oil supply cut pact with Russia fell apart on Friday.

Mar 8, 2020

Founder and former managing director of Yes Bank Ltd, Rana Kapoor

Yes Bank founder Rana Kapoor's Mumbai house raided after ED registers money laundering case

Registering a money laundering case under PMLA against Yes Bank Director Rana Kapoor, the Enforcement Directorate raided his Mumbai residence and will soon issue a look out notice against him as well.

Mar 7, 2020

Have an account with Yes Bank? Here's what you can do

Retail depositors with their money with Yes Bank across the country are in a state of panic and have been withdrawing money as much as they can.

Mar 6, 2020

Interest rate on PF reduced: How does it affect salaried employees?

Salaried employees will get 0.15 per cent lower returns on provident fund deposits as EPFO slashes interest rates from 8.65 per cent in 2018-19 to 8.50 per cent in FY20.

Mar 6, 2020

iPhone 12 could be delayed due to coronavirus outbreak

There's some disappointing news about iPhone 12's launch

Several manufacturing and supply units assigned to work for iPhone 12 remain closed due to the recent coronavirus outbreak.

Mar 2, 2020

Panic at Dalaal Street as FATF puts Mauritius on 'grey list'

Market regulator SEBI has issued a clarification on the issue that the FPIs investing through the country will be eligible but with increased scrutiny

Feb 25, 2020

india news, india consumer inflation, india factory output, demonetisation, cash crunch, pm modi

Double trouble for economy: Factory output contracts, retail inflation jumps to six-year high

The jump in inflation in a likely indication for the Reserve Bank of India (RBI) to stop easing credit rates in the country's financial market.

Feb 13, 2020

Budget 2020: Markets pin hopes on LTCG, DDT cut

Indian economy is witnessing a severe economic slowdown and requires concrete actions that include steps such as tax cuts in order to boost demand.

Jan 31, 2020

Here's what market is expecting from the Union Budget 2020

The Union Budget for the fiscal year 2020-21 will be presented by finance minister Sitharaman tomorrow at 11 am.