Kotak Mahindra Bank shares plunge on GST woes

Kotak Mahindra Bank shares plunge on GST woes

Mumbai, Dec 29 - Shares of Kotak Mahindra Bank plunged on Friday, a day after an order by the GST authorities issued a demand order to the mid-sized bank to pay pay up Rs 57.2 lakh as tax dues.

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We must avoid bubbles through policy, regulation: Uday Kotak

We must avoid bubbles through policy, regulation: Uday Kotak

New Delhi, Dec 29 - Founder & Director of Kotak Mahindra Bank Uday Kotak on Friday said that the situation is not comparable at present and we need to keep Japan of the 1980s at the back of our mind.

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January is normally a poor month for market

January is normally a poor month for market

New Delhi, Dec 29 - As 2023 draws to a close, the most significant feature of the year’s rally is the sharp outperformance of the broader market, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

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SEBI mulls obligation on promoters, directors to provide response to queries on market rumours by listed entity

SEBI mulls obligation on promoters, directors to provide response to queries on market rumours by listed entity

New Delhi, Dec 28 - SEBI has floated a consultation to seek comments on a proposal to keep material price movement as the criteria to verify market rumors' instead of material event in terms of Regulation 30 of Securities and Exchange Board of

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RBI permits ICICI-Pru AMC and ICICI-Pru Life to acquire up to 9.95% stake in RBL Bank

RBI permits ICICI-Pru AMC and ICICI-Pru Life to acquire up to 9.95% stake in RBL Bank

New Delhi, Dec 28 - The Reserve Bank of India (RBI) has given its approval to ICICI Prudential Asset Management Company Limited (I-Pru AMC) and ICICI Prudential Life Insurance Company Limited (I-Pru Life) to acquire “aggregate holding” of up to 9.95 per cent

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Brand Tata must be recognisable across all companies: Chandrasekaran

Brand Tata must be recognisable across all companies: Chandrasekaran

New Delhi, Dec 28 - Brand Tata must be recognizable across all companies, Tata Sons Chairman N. Chandrasekaran's said in a letter to group employees for New Year.

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Big 5 tech giants like Apple, Microsoft added $3.9 tn to their stock value this year: Report

Big 5 tech giants like Apple, Microsoft added $3.9 tn to their stock value this year: Report

New Delhi, Dec 28 - The Big Five tech giants Apple, Microsoft, Alphabet, Amazon and Meta collectively added a whopping $3.9 trillion to their stock value in 2023, the highest figure in the market's history, a new report revealed on Thursday.

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RBI ups weight of SBI, HDFC Bank in too-big-to-fail list

RBI ups weight of SBI, HDFC Bank in too-big-to-fail list

Mumbai, Dec 28 - The Reserve Bank of India has upgraded the weightage of SBI and HDFC Bank on its list of three Domestic Systemically Important Banks (D-SIBs) for 2023 which includes ICICI Bank as well.

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9 out of top 15 stocks traded on NSE belong to PSU category

9 out of top 15 stocks traded on NSE belong to PSU category

Mumbai, Dec 28 - Nifty ended on a record high for the fifth consecutive session on Thursday.

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India’s economy is on stable high growth path backed by stronger banks: RBI

India’s economy is on stable high growth path backed by stronger banks: RBI

Mumbai, Dec 28 - Amidst a challenging global macroeconomic environment, the Indian economy is exhibiting “a quickening growth momentum,” with resilience and financial stability, according to the RBI’s Financial Stability report released on Thursday.

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Future of Reliance belongs to Akash, Isha, Anant and their generation: Mukesh Ambani

Future of Reliance belongs to Akash, Isha, Anant and their generation: Mukesh Ambani

New Delhi, Dec 28 - Mukesh Ambani, Chairman and Managing Director at Reliance Industries, has said the future of Reliance belongs to Akash, Isha, Anant and their generation.

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Oil & gas stocks shine as markets hit fresh highs

Oil & gas stocks shine as markets hit fresh highs

Mumbai, Dec 28 - The benchmark index maintained its optimism and hit fresh highs owing to ease in Red Sea issue and reversal of FII inflows, Vinod Nair, Head of Research at Geojit Financial Services, said on Thursday.

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Centre extends customs duty exemption on tur, urad dal till March 2025

Centre extends customs duty exemption on tur, urad dal till March 2025

New Delhi, Dec 28 - The central government has extended the customs duty exemption on tur and urad dal imports by another year, till March 31, 2025 in order to keep food inflation in check.

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Ahmedabad tops list for affordable homes, Pune & Kolkata tie at 2nd spot

Ahmedabad tops list for affordable homes, Pune & Kolkata tie at 2nd spot

Mumbai Dec 28 - Ahmedabad, Pune and Kolkata are the country’s most affordable cities for home buyers while Mumbai continues to be the most expensive followed by Hyderabad, according to the latest Affordability Index report by real estate consultancy firm Knight Frank India.

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Tesla may set up EV plant in Gujarat, Musk likely to visit India next month

Tesla may set up EV plant in Gujarat, Musk likely to visit India next month

New Delhi, Dec 28 - Elon Musk’s Tesla may finally end its dry run in India and announce to set up an Electric Vehicle (EV) supply system manufacturing plant in Gujarat during the ‘Vibrant Gujarat Global Summit’ next month. The announcement is likely

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NBFC’s vehicle loan AUM to vroom to Rs 8.1 lakh cr by 2025

NBFC’s vehicle loan AUM to vroom to Rs 8.1 lakh cr by 2025

Chennai, Dec 28 - Credit rating agency CRISIL Ratings Ltd on Thursday said the vehicle financing assets under management (AUM) of non-banking finance companies (NBFC) would rise to Rs 8,10,000 crore by March 31, 2025.

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Oil and gas stocks gain led by HPCL

Oil and gas stocks gain led by HPCL

New Delhi, Dec 28 - Oil and gas stocks are up in trade on Thursday led by HPCL which gained more than 6 per cent.

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HUDCO up 18% after investment MoU with Gujarat govt

HUDCO up 18% after investment MoU with Gujarat govt

New Delhi, Dec 28 - Shares of HUDCO are up more than 18 per cent in trade on Thursday after the PSU company signed an MoU with Gujarat government for investment of Rs 14500 crore.

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Market’s volatility index surges

Market’s volatility index surges

New Delhi, Dec 28 - VIX is now much above when Nifty plunged to sub 19000 levels in late October, warning that the volatility expectations are significantly higher now said Anand James, Chief Market Strategist at Geojit Financial Services.

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912 cr merchant transactions on Paytm in Q2FY24; Delhi makes most payments from 12-6 a.m.

912 cr merchant transactions on Paytm in Q2FY24; Delhi makes most payments from 12-6 a.m.

New Delhi, Dec 27 - One97 Communications Limited (OCL), which owns Paytm, said on Wednesday that a whopping 912 crore merchant payments were made using the leading financial and payments provider in the second quarter (Q2) of FY24.

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