EEB (Photo credit: Kamlesh Pednekar) Continuing their move north, the benchmark indices rose another 0.5 percent on Wednesday to settle for new closing peaks. The S&P BSE Sensex broke the 44,000 mark to end the day at 44,180 levels, up 227 points, or 0.52 percent, while NSE’s Nifty closed the …
Read More »Obama’s description of Indian leaders in his memoirs causes a stir | India
The former US president’s blunt impressions of Indian leaders in his new book, A Promised Land, have caused repercussions in political circles. Former US President Barack Obama’s descriptions of India’s leaders in his new memoir, A Promised Land, have caused repercussions in political circles, and former Indian Prime Minister Manmohan …
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Read More »Vedanta expresses interest in buying the government’s full stake in BPCL
New Delhi: Vedanta Group confirmed on Wednesday having submitted a preliminary expression of interest (EoI) to buy the government’s nearly 53% stake in Bharat Petroleum Corp Ltd (BPCL), linked to the privatization. Vedanta’s interest in India’s second-largest fuel retailer is due to synergies with its current oil and gas business. …
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Read More »How RBI Moved Quickly To Save Lakshmi Vilas Bank And Why It Chose Singapore DBS For The Merger
A Lakshmi Vilas Bank store. | Photo: Commons Text size: A- A + Mumbai: A day or two before Reserve Bank of India (RBI) Governor Shaktikanta Das used Twitter to report that he tested positive for Covid-19 on October 25, the official who had become a central banker turned met …
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Read More »Internet company behind Naukri.com, Zomato emerges in the stock market
Zomato is among the two biggest players in India’s food delivery business As optimism about a coronavirus vaccine drives away tech stocks, one of those stocks in India continues to rally as market watchers bet its investments in startups will start to pay off. Info Edge India Ltd. climbed to …
Read More »Why Lakshmi Vilas Bank is concerned, what follows for the lender
The Reserve Bank of India (RBI) took control of Lakshmi Vilas Bank (LVB) on Tuesday due to a “serious deterioration” in its finances. Withdrawals from the bank, which has been seeking a partner since last year to meet minimum capital buffers, had also been temporarily limited to 25,000 rupees, the …
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