Canara Bank hikes fixed deposit rates by up to 25 basis points
State-owned Canara Bank on Tuesday raised interest rates on fixed deposits across various maturities by up to 25 basis points. The revised rates are effective from March 1, 2022, Canara Bank said in a statement. Interest rate on fixed deposits for tenure 1 year has been increased to 5.1 per cent while for one-two years it is raised to […]
Airtel falls 3% as investors okay investment from Google, telco signs deal to up stake in Indus Towers
Bharti Airtel’s share price shed 3 percent in early trade on February 28 after shareholders approved the issue of preferential shares to Google for its Rs 7,500 crore investment and the telecom company entered into an agreement with Vodafone Plc to buy equity interest in Indus Towers. Bharti Airtel will buy a 4.7 percent stake […]
Policybazaar falls 8%, hits new low; stock tanks 52% in three months
Shares of PB Fintech, which operates online insurance broker Policybazaar and loan marketplace Paisabazaar, hit a new low at Rs 620.90, falling 8 per cent on the BSE in Thursday’s intra-day. In the past two weeks, the stock has slipped 28 per cent after Yashish Dahiya, executive director and CEO, and Alok Bansal, whole time director and […]
Bharti Airtel acquires strategic stake in Blockchain-tech startup Aqilliz
Bharti Airtel on Thursday announced that it has acquired a strategic stake in Singapore-based Blockchain platform Aqilliz for an undisclosed sum. Airtel aims to deploy Aqilliz’s Blockchain technologies at scale across its fast-growing tech (Airtel Ads), digital entertainment (Wynk Music & Airtel Xstream) and digital marketplace (Airtel Thanks App) offerings. “Blockchain technology is maturing and we see its application across areas […]
Market Highlights: Sensex rises 460 points, Nifty end above 17,600-mark after RBI keeps rates unchanged
The benchmark equity indices on the BSE and National Stock Exchange (NSE) extended their gains for the third successive day, ending around 0.8 per cent higher on Thursday following the outcome of the Reserve Bank of India’s (RBI) monetary policy meeting where the central bank kept its key lending rates unchanged for the tenth consecutive time while […]
IT to Hire 50 Lakh in 5 Years, New Investment Opportunity for Middle Class: Rakesh Jhunjhunwala
Ace investor Rakesh Jhunjhunwala said that the stock market has no king. Stock market is the only king. The ones who thought they were, landed up in Aurthur jail, Jhunjhunwala said while speaking at an event of the Confederation of Indian Industry (CII) on February 17. Nobody can predict weather, death, market and women, the ace investor further mentioned. […]
Sensex, Nifty end lower in see-saw session; HDFC bucks trend
Market benchmarks closed in the red after a highly volatile session on Wednesday despite a positive trend in global equities amid signs of cooling of Russia-Ukraine tensions. The 30-share BSE Sensex swung nearly 800 points during the session before closing at 57,996.68 — marking a loss of 145.37 points or 0.25 per cent Likewise, the NSE Nifty see-sawed between […]
Sensex rebounds over 1700 points to reclaim 58K, Nifty ends above 17,300
European stocks and U.S. futures rose Tuesday after a report fuelled optimism that Russia is de-escalating tensions with Ukraine. Russia said Tuesday that some forces deployed near Ukraine were beginning to return to their bases, after a build-up of Moscow’s army around Ukrainian borders spurred fears of an invasion. After a bruising sell-off on Monday, […]
Multibagger stock turns ₹1 lakh to ₹1.35 crore in 10 years
Stock market investors looking for multibagger stocks for 2022 are busy finding quality stocks that are available at discounted price after the recent bloodbath. For such investors of the secondary markets, Deepak Nitrite can be a good bet in long term, say experts. Stock market experts said that the stock has shed a lot and […]
Markets in a bear trap, investors lose Rs 10 lakh crore of wealth in 2 days
Relentless selling pressure roiled the equity markets for the second consecutive session on February 14, leaving investors poorer by Rs 10 lakh crore. Fears of a possible invasion of Ukraine by Russia, inflating crude oil prices, and a correction in global markets spooked investors for the second day in a row. Equity benchmark indices fell […]
