Country’s largest public sector bank State Bank of India (SBI) has increased its marginal cost of funds-based lending rate (MCLR) by 5 basis points (BPS) for three tenors – 3, 6 and 12 months. This hike in lending rates across these tenors will be effective from today, November 15. With this revision, the MCLR for
Home loan repayment periods have lengthened due to increases in the repo rate in recent years, resulting in many borrowers facing repayment schedules that extend beyond their retirement age. Numerous existing borrowers are experiencing significant financial strain as a consequence of the prolonged duration of their loans following consecutive interest rate hikes. A primary drawback
Crude oil prices fell slightly on Friday due to concerns about oversupply and weaker demand, which were magnified by a stronger US dollar. These concerns about oversupply and reduced demand overshadowed the impact of a drop in U.S. fuel stocks, contributing to the decline in oil prices. Brent crude futures dropped by 30 cents, or
Gold prices saw a flat movement on November 15, but for the week they are down 4% , its worst week in three years. One of the major trigger’s for the correction in gold prices is the strong US dollar. Spot gold rose to $2,569.69 per ounce, an uptick of 0.1 per cent after five
NTPC Green Energy will open on November 19. The company will raise Rs 10,000 crore from investors by selling them 92.59 crore fresh shares. The company’s IPO will close on November 22. The IPO price band ranges between Rs 102 to Rs 108 per equity share. NTPC Green Energy IPO allotment The allotment of shares
Why the heck not? DLF chairman emeritus KP Singh seems to have lived by this maxim, using it as an apt title for his new book as well. Sitting dapper at the book’s launch on Thursday, the real estate baron is ready for an evening king-size, complete with a police band. His life and work
After the lacklustre beginning that led to the withdrawal within a day, the exchanges and depositories are expected to take a second shot at direct payout of securities early next week after some tweaking in the system, said sources. “The issues should be resolved in a few days. With slight system adjustments and fine-tuning of
Logistics enabler for e-commerce Shiprocket and air cargo handling company Cargo Service Centre (CSC) have been selected by the government to run pilots on the setting up E-commerce Export Hubs (ECEH) in the country, a senior official said Thursday. The hubs will be set up in and around Delhi airport and will be rolled out
Go to Live UpdatesSensex Nifty Today | Stock Market Live Updates: Early trends from Gift Nifty indicates a positive start for the markets today. Asian markets are also trading higher, with key indices in Japan and South Korea opening on a positive note. Meanwhile, Indian stock markets have reopened after a long weekend and the
After a long weekend on account of Holi, the Indian stock markets are set to resume trading today, March 17. But will the break bring fresh momentum, or will investors return to a cautious start? Early trends from Gift Nifty indicate a positive opening. From Wall Street’s performance to key economic announcements, several factors will
After an extended break due to the Holi holiday and the weekend, the stock market is set to resume trading with plenty of action on the horizon today, March 17. With three days of global market movements, company updates, and economic cues piling up, investors will have a lot to factor in as the trading
By Anand James One point at the start of last week was how strong an offensive could the bears launch. At that point, we were just coming off a sub 25 RSI level, which had historically favoured a bounce back. But such moves also held a strong chance of fizzling out quickly. This is why
Ride-hailing platform Rapido is in advanced talks with restaurants and industry associations across four major metro cities to challenge the dominance of Swiggy and Zomato, which together command an estimated 95% market share. The move comes at a time when restaurants have been voicing growing concerns over high commission rates and potential conflicts of interest following
