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Sensex rebounds 200 points as IT stocks surge; TCS gains over 3% on share buyback

The BSE Sensex rebounded Domestic equity markets closed Friday’s rangebound trade session on a flat note with marginal gains. Market aided by robust buying in IT blue chips like Tata Consultancy Services and Infosys. Shares of IT giant TCS gained over 3 per cent after it approved a share buyback program of Rs 16,000 crore. TCS will

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NPA in India: Banks wrote off 4.8 lakh crore bad loans since 2009; check full list

In a major development, banks have largely written off a record Rs 1,44,093 crore of bad loans in the financial year ending March 2018. The figure has gone up by 61.8 per cent from Rs 89,048 crore in the previous fiscal, according to an Indian Express report. Of the amount, public sector banks have written

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Trump-Kim meeting LIVE updates

US President vows to solve ‘big problem’, North Korea leader advocates for ‘peace’ Trump-Kim meeting LIVE updates: US President Donald Trump and North Korean leader Kim Jong-un have created history with an unprecedented summit that saw both of them shaking hands. Trump and Kim are now participating in a one-on-one meeting, after initial greeting, and

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RBI reduces interest rate on unclaimed deposits by 50 bps to 3.5%

Interest rate on unclaimed deposit amount transferred to Depositor Education and Awareness (DEA) fund has been reduced by 50 basis points to 3.5 per cent, the Reserve Bank said today. In June 2014, RBI had specified that the rate of interest payable by banks to the depositors/claimants on the unclaimed interest bearing deposit amount transferred to the

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Sensex ends over 275 points higher, Nifty near 10,700 after RBI hikes repo rate

A three-day losing streak broken and how! Equity benchmarks had a good day of trade, with the Sensex closing 275 points higher, while the Nifty closed near 10,700-mark. The market witnessed a last hour surge after Reserve Bank of India’s Monetary Policy Committee decided to hike repo rate to 6.25 percent. While the Street began

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RBI Monetary Policy June 2018: Rate-sensitive stocks mostly higher; PNB gains 3%, SBI up 2%; HDFC twins flat

RBI Monetary Policy June 2018: The six-member Monetary Policy Committee of the Reserve Bank of India (RBI) headed by the governor Urjit Patel is all set to announce the outcome of its first three-day policy meeting at around 2:30 pm today, 6 June 2018 (RBI Policy date). According to experts, there are relatively more chances that

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Mid-cap bloodbath dents Dalal Street: Over 300 stocks fall 5-20% today; Sensex loses 35,000-mark

The domestic sharemarket saw heavy sell-off in most of the mid-cap and small-cap stocks on Tuesday with scrips of Anil Dhirubhai Ambani Group’s telecom firm RCom plunging more than 8% and Aditya Birla Group’s telecom venture Idea Cellular slipping 10%. India’s equity market traded under tightened volatility with the headline indices Sensex and Nifty finishing