Mumbai, Jan 14 (PTI) The Reserve Bank of India (RBI) on Friday proposed new norms for the classification and valuation of the investment portfolio of banks, with a view to align them with the global prudential framework and accounting standards. According to the proposed norms, the investment portfolio of banks will be divided into three [...]
Mumbai, Jan 14 (PTI) The country's foreign exchange reserves declined by USD 878 million to stand at USD 632.736 billion in the week ended January 7, RBI data showed on Friday. In the previous week ended December 31, the reserves had dropped by USD 1.466 billion to USD 633.614 billion. It had touched a [...]
New Delhi, Jan 14 (PTI) Sterlite Power on Friday said that it has completed the transfer of its ownership in IndiGrid Investment Managers Ltd (IIML) to Electron IM Pte Ltd, an affiliate of KKR & Co Inc. The ownership transfer has been effected as per the amended and restated shareholders agreement entered between Sterlite Power [...]
New Delhi, Jan 14 (PTI) Hinduja Group's headend-in-the-sky platform NXTDIGITAL Ltd (NDL) on Friday said it has completed a Rs 69.30-crore transaction for the sale of a land parcel held by it in Hyderabad. The sale agreement was signed and registered with the appropriate authorities in Hyderabad on Thursday and the balance consideration was received, [...]
New Delhi, Jan 14 (PTI) IT firm HCL Technologies on Friday reported a 13.6 per cent fall in net profit to Rs 3,442 crore for the December 2021 quarter and said it expects to see a strong deal pipeline on the back of a robust demand environment. The company had logged a net profit of [...]
New Delhi, Jan 14 (PTI) Shares of Aurobindo Pharma on Friday dipped over 3 per cent after the company said it has received a warning letter from the US health regulator for its Hyderabad-based Unit I, an API (Active Pharmaceutical Ingredient) manufacturing facility.The stock tumbled 3.17 per cent to settle at Rs 695.15 on BSE. [...]
Mangaluru, Jan 14 (PTI) Following are Friday's areca and coconut prices: Areca (Rs/quintal) Old Supari: Rs 48,000 to Rs 53,000, model Rs 50,000 New Supari: Rs 40,000 to Rs 45,000, model Rs 43,000 Koka: Rs 35,000 to Rs 39,500, model Rs 37,500 Coconut (Rs/thousand) 1st quality: Rs 18,000 to Rs 20,000, model Rs 19,000 2nd [...]
Mumbai, Jan 14 (PTI) Bank credit grew 9.16 per cent to Rs 116.83 lakh crore and deposits rose 10.28 per cent to Rs 162.41 lakh crore for the fortnight ended December 31, 2021, RBI data showed. For the fortnight ended January 1, 2021, bank credit stood at Rs 107.02 lakh crore and deposits at Rs [...]
