Price band for SBI Card IPO fixed at Rs 750-755 per share

New Delhi (IANS) The IPO Committee of SBI Card has set the price band for its initial public offering (IPO) in the range of Rs 750-755 per equity share.

In a regulatory filing, State Bank of India late on Monday evening said that a discount…

Gold can surge as much as Rs 47,000 per 10 grams: Motilal Oswal

Mumbai (IANS) Gold prices in India may surpass Rs 47,000 per 10 grams mark in the next 12 to 15 months over mounting concerns due to the coronavirus outbreak, brokerage firm Motilal Oswal said on Tuesday.

High gold prices assume significance…

Global markets jittery, Brent down 3%, gold hits record high

Mumbai (IANS) Trading screens across global stock markets flashed red, oil prices took a sharp dip and the prices of safe haven assets rose sharply on Monday as the Coronavirus impact magnified.

Indian markets opened sharply lower in line with…

Bharti Infratel extends Indus merger timeline by 2 months

New Delhi (IANS) Bharti Infratel on Monday extended the deadline for the closure of its merger with Indus Towers by another two months to April 24 and said that the final decision to implement the deal will take into account the impact of the current…

Sensex down 800 pts, Gold hits life-time high at Rs 43K, Brent tumbles 3%

New Delhi (IANS) Fear of further disruption in economic activity owing to the jump in coronavirus related deaths drove the prices of safe haven assets like Gold to a record high and pushed the oil prices and global equities lower on Monday. Indian…

NBFCs,HFCs may get 1 year extension for restructuring loans

New Delhi (IANS) Financially sound non-banking finance companies (NBFCs) and housing finance companies (HFCs) may be next in line to be permitted extension of the date of commencement of commercial operations (DCCO) of project loans for commercial…

FDI to be retail's next growth driver in India: Deloitte

New Delhi (IANS) Pitching for increased foreign direct investment in multi brand retail sector, global management consulting firm Deloitte has said that the move would expand the share of organised retail in the country, thus contributing towards…

Direct listing by Indian firms abroad by FY21 Q1

New Delhi (IANS) In yet another move towards fuller capital account convertibility, the government proposes to throw open the doors for Indian companies to directly list their shares abroad and access a larger pool of capital.

Necessary regulations…

India faces low downside risk, global coronavirus impact is buying opportunity: JP Morgan currency chief

New York (IANS) India's financial market faces low downside risk from coronavirus' impact on supply chains, will instead continue trading on domestic triggers and the current global health scare represents a "buying opportunity", according…

RIL move on media assets to create cleaner structure

Mumbai (IANS) The move by Reliance Industries Limited (RIL) to aggregate the media assets in Network 18 will create a cleaner structure and is easier to manage with the reduction of listed entities, according to a report by BofA Securities.

RIL…