Aditya Birla Capital aims to double customers with new digital platform
Max to invest Rs 2,500 cr in Lucknow, to be largest pvt healthcare network
Senco Gold extends rally, up 33% in 2 days; Emkay sees 15.6% upside
Srinivas Pallia sold his entire stake in Wipro before taking over as CEO
IT major LTIMindtree slumps 4% after two senior executives step down
This multi bagger stock is down in the dumps now; Check why
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RBI to banks: Can’t charge extra without mention in key fact statement
The Reserve Bank of India (RBI) on Monday issued a directive that prohibits banks and other regulated entities from levying additional fees on loans that are not previously disclosed in the Key Fact Statement (KFS). The notification stipulates strict adherence to these guidelines for all new retail and MSME term loans sanctioned from October 1 onwards, including loans issued to existing customers.
“Any fees, charges, etc., which are not mentioned in the KFS, cannot be charged by the REs to the borrower at any stage during the term of the loan, without explicit consent of the borrower,” the regulator said. Read more
Small finance bank stocks are on an uptrend. Does the rally have more legs?
Shares of small finance banks (SFBs) flexed muscles on the bourses in the month of April, after their March quarter business updates showed double digit growth in advances and deposits.
Ujjivan Small Finance Bank stock price has jumped 21.6 per cent so far this month, stock price of Suryoday SFB has surged 17.9 per cent. Read more
Top financial regulators plan panel to weigh risks in derivatives market
India’s top financial regulators will form a committee to assess stability risks emerging from a surge in derivatives markets and suggest policy changes if required, two sources familiar with the matter said.
Jio Fin Services zooms 5% on announcing new broking, wealth management biz
Shares of Jio Financial Services jumped 4.8 per cent intraday at Rs 271.95 on Tuesday amid announcement of new broking and wealth management venture. The stock of the company had hit a 52-week high of Rs 378 on April 8, 2024, while it hit a 52-week low of Rs 204 on 24 October, 2023.
At 10:11 AM, the company’s share was trading 3.44 per cent higher at Rs 366.60. In comparison the S&P BSE Sensex was trading 0.49 per cent lower at 73,038 levels. A combined over 6.63 million shares of the company changed hands on the BSE. Read more
Vodafone Idea falls 4%; Rs 18,000-crore FPO anchor book to open today
Shares of Vodafone Idea dropped as much as 3.95 per cent to hit an intraday low of Rs 12.64 per share. The drop comes in reaction to the follow-on public offering (FPO) anchor book, which will open today.
Vodafone Idea shares have plunged 25.19 per cent year-to-date (YTD), but have surged 7 per cent in the past 6 months. Read more
Srinivas Pallia sold his entire stake in Wipro before taking over as CEO
Srinivas Pallia, who has been a part of Wipro for over three decades, divested all his shares valued at Rs 5 crore in the company approximately a month and a half prior to his appointment as the new chief executive, according to a report by The Economic Times (ET).
Pallia sold his 100,000 Wipro shares through a ‘market sale’ on February 14 this year, with the transaction being reported to the exchange on February 15. Read more
