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    Kotak Mahindra Bank, Indian Army sign MoU on salary accounts

    Kotak Mahindra Bank on Thursday said that it has signed a Memorandum of Understanding (MoU) with the Indian Army for salary accounts.The MoU enables Kotak to offer its salary account proposition, combined with exclusive benefits for the Indian Army, to all army personnel, both active and retired.

    • 3 hrs ago
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    Petrol, diesel price unchanged on Friday

    Consumers have been spared of another increase in fuel prices with oil marketing companies deciding to keep petrol and diesel rates static for the sixth consecutive day even though global prices resumed firming up after OPEC + decision to continue with crude production cut in April.Accordingly, petrol continues to be priced at Rs 91.17 a litre and diesel Rs 81.47 a litre in the capital on Friday. Across...

    • 3 hrs ago
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    PNB Housing Finance tie up with Yes Bank for co-lending

    PNB Housing Finance and Yes Bank on Friday said that they have entered into a strategic co-lending agreement to offer retail loans to home-buyers at competitive interest rates.A PNB Housing statement said that both the financial institutions will synergise their capabilities to provide an efficient and seamless experience to existing and new retail home loan customers.

    • 3 hrs ago
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    Govt in position for sharp Rs 8 per litre cut in duty on petrol and diesel

    The government may surprise consumers with a sharp cut in excise duty on petrol and diesel to tame rising prices of auto fuels that have already reached historic high levels.Sources privy to the development said the duty cut may be as high as Rs 8 per litre on the two fuels so that consumers are provided immediate relief.

    • 4 hrs ago
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    Bond yields, profit booking unleash bears, banking stocks down

    India's key equity indices ended lower for the second straight day on the back of weak global cues which emanated from rising global bond yields on Friday.Accordingly, the two indices had a gap down opening on account of weak global cues, high volatility and profit booking.Besides, the India VIX spiked above 25 zones signalling shakiness.

    • 4 hrs ago
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    Wipro to buy UK firm Capco for $1.45 billion

    Global software major Wipro said on Thursday that it has signed an agreement to acquire the UK-based management and technology firm Capco for $1.45 billion (Rs 10,551 crore) to provide digital, Cloud and IT services to financial institutions in the US, Europe and Asia-Pacific."The acquisition will make us one of the largest consulting, technology and service providers to the banking and financial...

    • yesterday
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    Equities snap winning streak as rising bond yields trigger concerns

    India's key equity indices snapped a three-day winning streak on Thursday as global concerns over rising bond yields resurfaced.Accordingly, the two equity indices opened lower but tried to recover only to cede more ground. Globally, Asia-Pacific equities fell after negative sentiment on Wall Street and concerns about rising bond yields trickled over into the region.

    • yesterday
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    Govt offloading of PSU means loss of public money: Sonia

    Interim Congress President Sonia Gandhi on Thursday lashed out at the Centre over its disinvestment policy, alleging that the 'fire sale of assets is to help the crony capitalists close to the government'.Sonia Gandhi wrote this in an article which was shared by the Congress with the media.

    • yesterday
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    Bank of Baroda lead lender of Reliance Home Finance Limited representing 34 banks and institutions drags Shapoorji Pallonji Group to Delhi High Court

    Bank of Baroda (BoB), the lead lender of Reliance Home Finance Limited representing 34 banks and institutions has dragged SP Group to Delhi High Court.BoB alleges that SP Group has refused to join the resolution process and is stalling the resolution process and also not cooperating with other...

    • yesterday
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    No wrongdoing by officials in shut schemes: Franklin Templeton on SEBI notice

    With SEBI issuing showcause notices to Franklin Templeton Asset Management Company (AMC), and its key managerial employees and trustees over alleged fraud and unfair trade, a spokesperson of the company said that none of the key persons have redeemed any units post the trustees taking the in-principle decision to wind-up six debt mutual fund schemes in April last year....

    • yesterday

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