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Mstc makes tepid debut on D street

MSTC makes tepid debut on D street

State-owned Miniratna I MSTC got listed on BSE and NSE on 29th March 2019. The company got listed at a discount of 7.5% at Rs. 111 from its issue price...
Former ILFS directors under scanner for money laundering

Former IL&FS directors under scanner for money laundering

The Enforcement Directorate(ED), in February, 2019 made a foray at multiple locations in Mumbai, Delhi and Gurugram regarding the financial irregularities of Infrastructure Leasing & Financial Services(IL&FS). IL&FS CFO Maharudra...
Auto insurance

Mahindra XUV300 takes on the rivals. How does it fare

Buying a car today is a battle. When you buy a car, you keep various things in mind. The first thing that comes to your mind is the budget, which...
Muthoot Finance's net profit at Rs. 802 Cr.

This Akshay Tritiya are you investing in Gold or real estate?

Primarily each one of us ensures that we develop our skill sets, work hard so as to earn more. Secondly, it's about investing this hard-earned income for future gains, benefits....
Factory and Industrial Output Face Slowdowns

Factory and Industrial Output Face Slowdowns

Owing to the recent spike in food and oil prices, India’s factory growth slowed down and retail inflation saw a rise. Retail inflation rose from 2.05% last month to a...
Equity Right

RBI to force banks to cut interest rates

The Central Bank stated that they will soon get banks to cut the interest rates, the lending rates to the borrower. The reason for this action was blamed on the...
Equity Right

Three more Banks out of RBI's PCA framework

On 26th February 2019, board for Financial Supervision (BFS) held a meeting to analyze the performance of Allahabad Bank, Dhanalaxmi Bank, and Corporation Bank. The BFS observed that Government of...
UCO bank to gain by US sanctions

UCO bank to gain by US sanctions

UCO Bank is set to benefit from the sanctions imposed on Iran’s oil exports by the US Government. The bank could benefit from the extra cash that would be generated...
Axis Bank’s net profit was up by 91% in Q1 FY23.

Government to infuse Rs 48,239 crores in 12 state-run banks

On 20th February, 2019 the ministry of finance decided to infuse ₹48,239 crores in 12 public sector banks. This is done so that these Prompt Corrective Action (PCA) banks can...

Hall of fame - Elon Musk

Elon Musk is a Canadian-American business magnate, investor and philanthropist born to Errol and Maye Musk on 28 June 1971. Mr. Musk is the founder, the CEO and CTO of...