23April
Kotak Mahindra, Federal, IDFC First Bank sold part of Yes Bank shares in just 14 days after bailout
After having saved the cash-strapped Yes Bank from going bust, three of the banks, which invested in the troubled private lender at an RBI-guided bailout price, sold some part of their equity share allocations, according to the shareholding data available on the stock exchanges. Uday Kotak’s Kotak Mahindra Bank sold almost 9.4% of its total shareholding that it picked up in Yes Bank. Federal Bank sold 19.5% of its entire shareholding; and IDFC First Bank
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22April
Why petrol, diesel prices are not falling despite crude oil prices crashing below zero | EXPLAINED
Crude oil prices in the international market fell below zero for the first time ever, but still, petrol and diesel prices in India are hovering near Rs 70 per litre and Rs 62 per litre, not falling at all in line. What is it that is holding up retail fuel prices? Is the government not allowing the benefits to pass on to the consumers? Here, it is important to understand that the retail prices of
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Portfolio diversification is one of the most well-known subjects in the field of trading. However, it is also one of the most neglected ones, especially by new investors. Seasoned investors, nevertheless, keep their portfolios well balanced. They do it to a point that they even diversify their same asset investment across different markets around the world. Doing so minimizes associated risks while simultaneously improving the overall returns. So, if you are new to investing, here
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20April
Gold prices fall over Rs 1,200 per 10 grams in less than a week as yellow metal sees profit booking
Gold prices eased Rs 1,220 per 10 grams from its record high level hit last week on the signs of the containment of coronavirus spread which damped the demand for the safe-haven asset, says Jigar Trivedi, Fundamental Research Analyst – Commodities, Anand Rathi Shares and Stock Brokers. Gold June futures were down 0.40 per cent or Rs 183 to Rs 45,552 per 10 grams. Silver May futures were trading flat at Rs 42,807 per kg
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The headline indices BSE Sensex and Nifty 50 were trading in positive territory on Friday as Reserve bank of India (RBI) announced 25 bps cut in reverse repo rate. Apart from this, firm global cues also supported the benchmark indices. BSE Sensex was trading 667 points or 2.18 per cent higher at 31,270, while the broader Nifty 50 was ruling at 9,183, up 191 points or 2.12 per cent. The top Sensex gainers were TCS, Power Grid, ICICI Bank
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