Show Financial News

Bank of India (RBI) imposed a penalty of ₹25,000 on Pudukkottai Co-operative Town Bank Ltd for non-compliance of the directions issued on ‘Board of Directors - UCBs’. “The Reserve Bank of India (RBI) has, by an order dated October 12, 2023, imposed a monetary penalty of ₹25,000 on The Pudukkottai Co-operative Town Bank Ltd., Pudukkottai, Tamil Nadu (the bank).

By Mike Scarcella

previous record was 3,540 meters," the report added. The outlet also shared footage purportedly showing the record-breaking strike. Live Mint could not independently verify the information or the video.

Rohit Bajaj, Executive Director — Business Development,Strategy and Regulatory Affairs, IEX, says Now that the new regulation has come, this is GNA regulation where you can avail, you can take open access or you can schedule power up to 11 months in advance under short-term market. What we are doing is taking advantage of the regulation which is there, which is very market-friendly regulation, we are going to apply very shortly. “We are hoping that by January, we should be in a position to launch this contract.” The volume growth that you have clocked in has been fairly encouraging. Do you think that we can see a further margin expansion owing to the operating leverage? This last quarter was very good for us, Q2, where we registered close to 15% growth in overall volume terms. And after that, in October, we saw a huge demand increase. So on a year-on-year basis, the overall country's demand increased by about 22% and we got the lion's share of it. Our volume also increased by 20% in October. In the first seven months, we are at 12% and going forward as the supply constraint will further ease out because November, December, January, February, are generally the months where large supplies come in as not all the states are drawing.

RBI has smothered the sector with, seeking higher risk weightage and capital provisioning. The myriad agents who process loan documents saw brisk work. Television advertisers saw hectic action.

₹99 for a month for Android users and ₹135 per month for iOS users. Atrangii is an OTT platform owned by film, television and web content producer Vibhu Agarwal. The ‘super app’ will be available for ₹180 for three months for Android users and Rs.225 for iOS users while the annual Android and iOS plans will cost Rs.333 and ₹369 respectively.

(Exciting news! Mint is now on WhatsApp Channels. Subscribe today and stay updated with the latest financial insights! Click here!) Apollo Hospitals has witnessed a fresh breakout from a small consolidation on the weekly charts which can give a push to the stock price. The stock has also witnessed a breakout from a bullish pennant pattern on a larger period which is a continuation pattern in nature.

Bajaj Finserv Asset Management has announced the launch of Bajaj Finserv Balanced Advantage Fund (BAF) – an open-ended dynamic asset allocation fund suitable for investors wanting to invest in equity and equity-related instruments, including derivatives and fixed income instruments.

Vishal Goyal, Head of Research, UBS Securities, says NBFCs which are purely or mostly doing unsecured lending, are the most impacted as would be some banks which are unsecured and who have just entered unsecured and because their own cost of funding constraints might have taken additional risk. Then there is a category of large banks or top banks. They have historically been doing this business and have been taking less risk, even within unsecured. They would largely be unimpacted from a credit loss point of view. But almost everywhere we would see a slowdown.” You analyse this space pretty closely and RBI did kind of drop hints in multiple platforms about the way unsecured, especially consumer loans were growing at a very scorching pace and now they have moved. How much capital requirement or slowdown in the growth these names would have to see before they normalise? One, there is a direct impact on tier one which we estimate would be anywhere between 30 to 50 bps depending upon which bank we are talking about. Second, there is an indirect impact of increasing risk weights on lending to NBFCs which increases the cost of borrowing for NBFCs effectively and therefore, it will also have an indirect slowdown impact on overall consumer loans.

World Cup trophy drew criticism from netizens. The photo was shared by skipper Pat Cummins as part of a in a series of images, showing the team savouring the World Cup victory against hosts India. On Sunday, Pat Cummins-led side put up a clinical display as they beat the hosts by 6 wickets with opener Travis Head scoring 137 runs. Mitchell Marsh's dressing room picture went viral and he trended on Twitter. «Winning world doesn't mean they respect that win. Trophy under the feet of Australian cricket player is disgraceful and disrespectful,» said an user.

London/Singapore | Airlines are struggling to convince investors to back the travel recovery despite reporting booming profits and splurging tens of billions of dollars on new planes.

ICICI Prudential Life Insurance Company Ltd. traded 1.82 per cent down in Monday's trade at 01:29PM (IST). Around 11,073 shares changed hands on the counter.

PI Industries Ltd. dropped 0.82 per cent to Rs 3695.0 at 01:14PM (IST) in Monday's trade. The stock has hit a high of Rs 3749.85 and low of Rs 3688.4 so far during the session.

Federal Bank Ltd. traded 0.03 per cent down at Rs 147.95 at 01:03PM (IST) on Monday, even as BSE benchmark Sensex dropped 161.56 points to 65633.17. The stock had closed at Rs 148.0 in the previous session.

Torrent Pharmaceuticals (up 0.58%), GlaxoSmithKline Pharmaceuticals (up 4.65%), Aurobindo Pharma (up 0.02%) touching 52-week high levels, while shares of Sanofi India (up 0.57%) , Cipla (down 0.12), Zydus Lifesciences (flat at 0.05%) hovering near its 52-week high levels. According to technical analysts, there's no major reason for Pharma sector to make record high, but since last couple of weeks this space have showed signs of outperformance breaking multiple month highs.

Marico Ltd. traded 0.9 per cent down at Rs 525.15 at 12:28PM (IST) on Monday, even as BSE benchmark Sensex dropped 145.61 points to 65649.12.

Travis Head nearly missed the World Cup because of a broken hand. Now, he’s Australian cricket’s hero after one of the great performances in the sport’s biggest showpiece helped deliver a stunning victory.

Students from all over the world have chosen the United States of America as their top international study destination. The United States (US) hosted more than one million (1,057,188 to be precise) international students during the 2022-2023 academic year, a 12% increase over the previous academic year and showing the fastest rate of growth in over 40 years. The data is from the Open Doors 2023 Report on International Educational Exchange released recently. According to the US Department of Commerce, international students accounted for 6% of the total higher education population in the US and contributed nearly $38 billion to the US economy.

Montreal Alouettes’ championship drought is over! Montreal claimed its first Grey Cup since 2010 in a 28-24 victory over the favoured Winnipeg Blue Bombers in Hamilton on Sunday night.Cody Fajardo threw three touchdowns, including the game winner to Tyson Philpot with 13 seconds left, as the Alouettes rallied from a 17-7 halftime deficit, outscoring Winnipeg 21-7 in the final 30 minutes of the Canadian Football League‘s title game.Fajardo was named the Most Valuable Player of the Grey Cup and Philpot was voted the Top Canadian.He'll remember this one for the rest his life.@Tysonphilpot with 13 seconds on the clock to give the @MTLAlouettes the lead! #GreyCup pic.twitter.com/Wb7yZKu2nc— CFL (@CFL) November 20, 2023The Bombers’ opening drive soaked up 6:28 off the clock and resulted in a 25-yard field goal by Sergio Castillo. The drive covered 48 yards in nine plays.After Montreal went two and out on their first drive of the game, the Bombers responded with an eight-play, 66-yard drive that culminated with a five-yard touchdown run by 2023 Most Outstanding Canadian Brady Oliveira to give Winnipeg a 10-0 advantage.Montreal got on the board when running back William Stanback rumbled into the endzone for a 32-yard score to trim Winnipeg’s lead to 10-7 with five seconds remaining in the first quarter.Oliveira fumbled on the Montreal 20-yard line 4:24 into the second quarter when Kabion Ento knocked the ball out of the running back’s hands and Ciante Evans jumped on it for the first turnover of the contest.

ChatGPT parent OpenAI as Chief Executive Officer, despite various rounds of discussions with the Board, The Independent has reported. Instead, Emmett Shear – co-founder of Twitch, will take over as Interim CEO, it added. The report quoted co-founder and board director Ilya Sutskever telling staff on November 19 that Altman would not be back.

₹1 lakh crore on September 11 as its stock price reached an all-time high of ₹92.35 per share. Shares of PB Fintech, the parent company of PolicyBazaar and PaisaBazaar, bounced back strongly this year after a poor show in 2022, where the stock lost 52.83%. In the current year so far, the stock spiked from ₹451 apiece to ₹825 apiece, translating into a gain of 83%.