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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

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As economy reels under rising NPAs, banking frauds, bank officials to brief parliamentary panel today

In wake of mounting bad loans and banking frauds, top officials of both public and private banks will on Monday brief a parliamentary panel. The Indian Banks’ Association (IBA) officials have been called today to appear before the Parliamentary Standing Committee on Finance headed by Verappa Moily, according a Lok Sabha bulletin. The association has

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Remember Gitanjali Gems? Mehul Choksi firm stock doubles in 16 days after 95% fall; check this before you buy

Shares of India’s second-largest jewellery maker by turnover Gitanjali Gems have been on a roller coaster ride since after the Mehul Choksi-led jeweller was allegedly named in nation’s biggest banking fraud at country’s second-largest PSU bank PNB. As per the probe by the CBI (Central Bureau of Investigation) and regulatory filing by Punjab National Bank

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PSU banks day! SBI biggest gainer amid Sensex, Nifty today; 14 of total 21 PSB shares end in green

As shares of India’s largest bank by asset size SBI (State Bank of India) surged more than 6% on Wednesday even after the bank reported the deepest-ever quarterly loss for the Jan-Mar period of the FY18, 14 out of the total 21 PSU bank shares ended in green. Surprisingly, shares of SBI have been the biggest gainers among

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SBI Q4 Results 2018: Bank reports biggest ever quarterly loss at Rs 7,718 crore, but shares rally 6%

SBI Q4 Results 2018: India’s largest bank by assets and third-largest by market capitalisation State Bank of India (SBI) on Tuesday reported a standalone net loss of Rs 7,718.17 crore for the quarter ended 31 March 2018 as bad loan provisions doubled as compared to same quarter last year. This was the biggest-ever quarterly loss reported by State

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As petrol price soars to all time high, will government take steps to cut your fuel bill? What minister says

Petrol prices at record high:  After petrol prices hits fresh record high of Rs 84.40 per litre in Mumbai, breaching the previous record high of Rs 83.62 a litre in September-14, even as the oil PSUs passed on four weeks of relentless rise in international oil prices to consumers, will the government step in to ease

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Sensex loses 35K mark as HDFC twins, ICICI Bank tank; Trump’s comment resumes trade war worries

The domestic equity markets fell into heavy losses after starting on a weaker note on Friday as investors feared that the comment by US President Donald Trump could again escalate tensions between US and China. Meanwhile, Asian stock markets inched up slightly with market participants keeping a closer look at developments in US-China trade negotiations. BSE Sensex dropped