Market updates LIVE: Indian benchmarks picked up momentum in midday trading Thursday and were trading nearly 1 percent higher, driven by gains in metals, public sector banks and auto stocks. Among the major indices, the S&P BSE Sensex hovered around 49,920 levels, up 400 points, and the broader Nifty50 index …
Read More »FASTag is mandatory for road travel from January 1 and we answer all your questions
You will necessarily need a FASTag for your car if you are on a road trip and crossing the toll plazas on Indian National Roads, as of January 1. This confirmation comes from the Union Minister of Transport for Road, Highways and MSMEs, Nitin Gadkari, who has said that FASTags …
Read More »Actions in focus: Burger King, Birlasoft, Tata Motors, Axis Bank, Antony Waste, Coal India, Canara Bank
In the previous session, stocks plummeted after the UK reported a new strain of the COVID-19 virus, after which the UK imposed a new lockdown on London and south-east England After a bloodbath in the previous session, the national stock market benchmarks BSE Sensex and Nifty 50 are likely to …
Read More »Bloodbath in today’s markets like Sensex, Nifty plunge. Here’s why – business news
Markets in India suffered a massive loss as the Sensex plunged more than 1,400 points on Monday, and the Nifty closed 3.14% lower at 13,328.40, eliminating six straight sessions of gains. The losses come as a new strain of the coronavirus in the UK hit world markets and cast a …
Read More »Actions in focus: Reliance Industries, TCS, Info Edge, BPCL, Axis Bank, Larsen & Toubro, Majesco
According to one analyst, the short-term trend of the Nifty 50 index continues within the range with positive bias and a similar type of movement is expected in the next session. Nifty futures were trading 27.50 points up at 13,771.50 or the Singapore Stock Exchange, suggesting a positive open for …
Read More »UPI transaction limit for Google Pay, WhatsApp Pay, PhonePe, and others, but should you be concerned?
The digital payments space in India, specifically UPI payments services, is about to undergo a major restructuring. The National Payments Corporation of India (NPCI) has made it official that a new limit will apply as of January 1, 2021 requiring that no third party application provider (TPAP) can exceed more …
Read More »Here’s how to set up WhatsApp Pay, make payments, and more
The digital payments space in India is about to get a bit more exciting, with WhatsApp Pay finally implemented for WhatsApp now available for iPhone and WhatsApp for Android users in India. Of course, you will need to have the latest version of WhatsApp installed on your phone for the …
Read More »Axis Bank’s Net Profit Exceeds Estimates; says it received few recast requests
Private sector lender Axis Bank reported a net profit of ₹Rs 1,682.67 crore in the September quarter of fiscal year 21, versus a loss of ₹Rs 112 crore in the same period last year, due to lower tax expenditure. Total bank provisions and contingencies stood at ₹Rs 4,850.65 crore, an …
Read More »IndusInd Bank, Bajaj Auto, Axis Bank, SBI, Bajaj Finserv, ICICI Bank, HDFC Bank among other earnings
Benchmark Sensex equities rallied more than 450 points in early trading Thursday on the back of gains in the index heavyweight duo HDFC, Reliance Industries and ICICI Bank amid positive signals from US equities. . The 30-share index was trading 466.26 points or 1.22 percent higher at 38,534.19, and the …
Read More »Bank stocks tumble as FinCEN leak names Indian banks for suspicious transactions
Shares of IndusInd Bank, Bandhan Bank and State Bank of India fell like a deck of cards after leaks from the Financial Crimes Enforcement Network (FinCEN) indicated that almost all Indian banks could be part of the suspicious transactions. Between 2010 and 2017, several Indian banks regardless of ownership (public, …
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