SBI Cards dips 5% as over 3% of equity changes hands via block deals on NSE
Shares of SBI Cards and Payment Services dipped 5 per cent to Rs 836 on the National Stock Exchange (NSE) in Tuesday’s intra-day trade after over 3 per cent equity of the company changed hands at the counter via block deals. Till 09:21 am; around 31.9 million equity shares representing 3.37 per cent equity of SBI Cards changed hands […]
Lankan papers run out of newsprint due to forex crisis; suspend publication
Sri Lanka’s two major newspapers on Saturday suspended their publication over newsprint shortage and price escalation caused by the country’s all-time worst foreign exchange crisis. The Island, an English daily along with its sister Sinhala paper Divayina, ceased to print as the newsprint scarcities and price escalations hit the media organisation. We regret to inform our readers that we have been […]
Rupee advances 23 paise to 75.67 against the US dollar in early trade
The rupee advanced 23 paise to 75.67 against the US dollar in the opening trade on Thursday, supported by positive domestic equities and a fall in crude oil prices. At the interbank foreign exchange, the rupee opened at 75.67 against the US dollar, registering a rise of 23 paise from the previous close. On Wednesday, the rupee […]
Gold up as dollar, yields weaken; progress in Russia-Ukraine talks weighs
Gold prices rose on Wednesday, supported by a dip in the U.S. dollar and Treasury yields, though signs of progress in Russia-Ukraine peace talks dented the metal’s appeal as a safe haven and kept gains in check. Spot gold was up 0.3% to $1,923.95 per ounce by 0210 GMT. U.S. gold futures rose 0.5% at $1,927.70. The metal fell as […]
Hacker steals $625 mn in crypto from Blockchain platform Ronin
In one of the largest decentralized finance (Defi) breaches yet, a hacker has stolen cryptocurrencies worth $625 million from Ronin, a Blockchain platform behind the popular non-fungible token (NFT) game Axie Infinity. The Blockchain platform and Axie Infinity operator Sky Mavis admitted the security breach, saying that 173,600 Ethereum and 25.5M USDC (a cryptocurrency pegged to the US dollar) were drained […]
Bank credit grows by 7.9% to Rs 116.27 trn; deposits by 8.6%: RBI data
Bank credit grew by 7.9 percent to Rs 116.27 lakh crore and deposits rose by 8.6 percent to Rs 162.17 lakh crore in the fortnight ended February 25, RBI data showed. In the fortnight ended February 26, 2021, bank advances stood at Rs 107.75 lakh crore and deposits at Rs 149.33 lakh crore, according to the […]
Rupee advances 22 paise to 76.78 against US dollar in early trade
The rupee advanced 22 paise to 76.78 against the US dollar in the opening trade on Wednesday, supported by the weakness in the American dollar and recovery in domestic equity markets. Forex traders said the rupee could remain range-bound and can witness high volatility amid the deepening Russia-Ukraine conflict. At the interbank foreign exchange, the rupee opened […]
Rupee plummets 76 paise to 76.93/USD as oil soars amid Ukraine crisis
Sliding for the fourth straight session, the rupee tanked 76 paise to close at 76.93 on Monday, after touching its lifetime low of 77 against the US dollar, as crude oil prices climbed to multi-year highs amid the Russia-Ukraine crisis. Global oil prices soared past USD 120 per barrel amid the US and European nations […]
Forex reserves jump by $2.76 bn to $632.95 bn: RBI data
The country’s foreign exchange reserves increased by USD 2.762 billion to USD 632.952 billion for the week ended February 18 on a healthy rise in the value of gold reserves and core currency assets, the RBI said on Friday. In the previous reporting week, the overall reserves had declined by USD 1.763 billion to USD […]
RBI imposes monetary penalty of Rs 1 crore on State Bank of India
The Reserve Bank of India (RBI) by an order dated November 16 has imposed a monetary penalty of Rs 1 crore on the State Bank of India for contravention of section 19 (2) of the Banking Regulation Act, 1949 (the Act), informed RBI. As per the press note, the irregularities were identified after a Statutory Inspections for […]
