The country's largest bank, State Bank of India (SBI), has given the New Year gift to those taking home loans to buy a house. SBI has reduced home loans by 30 basis points i.e. 0.3 percent. Apart from this, there is a big relief to the home buyers in processing...
RBI to resume normal liquidity management operations in phased manner
Mumbai: In February last year, RBI had announced a revised Liquidity Management Framework (LMF) that was simplified and "clearly communicated" the objectives and toolkit for liquidity management. However, in view of the COVID-19 outbreak, the rapidly evolving financial conditions and taking into account the impact of disruptions due to the...
TCS profit up 7.2% at Rs 8,701 crore
Consolidated net profit of Tata Consultancy Services (TCS), the country's largest software services company, rose 7.2 per cent to Rs 8,701 crore in the October-December 2020 quarter. The company said in a regulatory filing that it is on an annual basis. Net profit of the company was 8,118 crore in...
India’s foreign exchange reserves cross $ 585 billion
New Delhi: The country's foreign exchange reserves have increased to an all-time high of $ 585.324 billion with an increase of US $ 4.483 billion. The Reserve Bank of India (RBI) has released this data for the week ending January 1. In the week ending December 25, the reserves had...
Strong rise in stock market, Sensex-Nifty breaks previous records
MUMBAI: Domestic stock market today witnessed strong boom amid strong global cues. Today the Sensex and Nifty broke all their previous records in intraday business. The Sensex rose to a level of 48,854.34 in intraday. At the same time, the Nifty also reached the level of 14367. After the weakness...