Tag Archives: 1%

RBI slaps Rs 1 cr fine on Yes Bank for non-compliance in Swift operations

Private sector lender Yes BankNSE -0.06 %Tuesday said the Reserve Bank of India has slapped a fine of Rs 1 crore on the bank for non-compliance of directions on SwiftNSE 4.92 % messaging software. “The Reserve Bank of India (RBI)… has levied an aggregate penalty of Rs 10 million (Rs 1 crore) on the bank for non-compliance of regulatory directions observed during assessment ... Read More »

Sensex, Nifty jumps 1%; Heads up as 45 stocks hit 52-week low this week

The Indian market which started on a somber note managed to push the index back above crucial resistance levels in the week gone by, which was largely positive for the bulls. The Nifty50 reclaimed its crucial resistance level of 10,900 and closed the week with gains of 1.04 percent. Similarly, the S&P BSE Sensex reclaimed 36,000 and closed 1.05 percent ... Read More »

SBI to raise at least $1 billion via overseas bonds

Mumbai: The country’s largest lender State Bank of IndiaNSE 0.50 % (SBI) is raising at least $1 billion by selling bonds to overseas investors in what is the largest such sale from the country since January 2018. The state owned lender is issuing the bonds in two tranches, one a three year and another a five year as its seeks to shore up funds ... Read More »

These Banks Pay Up To 9.55% Interest On Fixed Deposits Below Rupees 1 Crore

tate Bank of India (SBI), offers 6.8 per cent interest for a tenure of one year to less than two years. Small finance banks (SFBs) are niche banks which aim to extend financial services to under-banked customers. Since these banks are new, they offer higher interest rates than mainstream banks because they want to attract more customers. They also offer ... Read More »

KNR Constructions rises 6% on sanction from bank to finance HAM project worth Rs 1,234cr

Shares of KNR Constructions rose 6.5 percent intraday Friday after company received bank sanction to finance HAM Project (Hybrid Annuity Mode) worth Rs 1,234 crore. It has touched an intraday high of Rs 213.00 and an intraday low of Rs 203.65. KNR Shankarampet Projects, a wholly owned subsidiary of company has received sanction from bank to finance its HAM project. With the ... Read More »

Govt notifies new accounting standard that comes into effect on April 1

Companies will have to adopt more detailed revenue recognition ways from April 1 as the government has notified a new accounting standard. The corporate affairs ministry has notified Indian Accounting Standard (Ind AS) 115 which would be effective from the new financial year, starting Sunday. According to experts, Ind AS 115 will help in more transparent accounting of revenues and ... Read More »

Closing bell: Sensex rallies 346 pts to end above 33K; Midcap, Nifty gain 1%

3:30 pm Market Closing: Equity benchmarks rebounded sharply after three-day of losses, backed by technology, banks, metals and energy stocks. The 30-share BSE Sensex was up 346.38 points or 1.06 percent at 33,106.82 and the 50-share NSE Nifty rose 96.80 points or 0.96 percent to 10,214.80. About 1,672 shares advanced against 983 declining shares on the BSE. 3:29 pm Coal ... Read More »

Only 1 in 4 Small Businesses Well Prepared for Cyber Attack

Only a quarter of small businesses feel they are “well prepared” for a cyber-attack on their company. This is according to a recent survey on IT risks organizations face during their everyday work by Netwrix Corporation, provider of a visibility platform for data security and risk mitigation in hybrid environments. Small Businesses Not Feeling Prepared for a Cyber Attack According to Netwrix’s 2017 IT Risks ... Read More »

Buy, Sell, Hold: 3 stocks and 1 sector on analysts’ radar today

While retaining buy rating with increased target price at Rs 780 (from Rs 750 earlier) on Aurobindo Pharma, Jefferies said the company has launched 3 products in Q1FY18, driving a 5 percent FY18 EPS upgrade. The research firm has adjusted its EPS for the recent launches & raised FY18-19 EPS by 5-2 percent, saying the launches also underscore company’s R&D ... Read More »

Unique Digital Marketing Tactics: 1 Hour a Day

Being a small business owner is hard work. Trust me, I know. You wear a lot of hats — everything from accounting, sales, and marketing to more. However, small business digital marketing shouldn’t be left to the side as it usually is with the 10 million other things a small business owner must do every day. And it shouldn’t have ... Read More »