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Dena Bank cuts savings rate by 0.5% on deposits up to Rs 25 lakh

Dena Bank cuts savings rate by 0.5% on deposits up to Rs 25 lakh

Those having deposits over Rs 25 lakh in their savings bank accounts will continue to get the existing interest of 4 per cent.

Bank strike on August 22: Banking operations likely to be affected

Bank strike on August 22: Banking operations likely to be affected

Most banks have already informed their customers that functioning of branches and offices will be impacted if the strike takes off.

Banks stare at union strike on Tuesday, services may be hit

Banks stare at union strike on Tuesday, services may be hit

Services at public sector banks may take a hit on Tuesday as all unions under the aegis of UFBU have threatened to go on strike against the government's proposed consolidation move besides raising a host of other demands.

Nine of top 10 most valued firms lose Rs 1,05,357 crore in m-cap

Nine of top 10 most valued firms lose Rs 1,05,357 crore in m-cap

The combined market valuation of nine of the top 10 most valued Indian companies plummeted by Rs 1,05,357 crore last week, with RIL and SBI emerging as the worst hit.

No loan pending on us, corporate office not getting auctioned: Amrapali Group

No loan pending on us, corporate office not getting auctioned: Amrapali Group

He also claimed that there is no question of 19000 cores loan pending on Amrapali Group from any institution or debtor.

Seven of top-10 companies add Rs 40,799 cr in mcap

Seven of top-10 companies add Rs 40,799 cr in mcap

Seven of the top-10 most valued Indian firms together added Rs 40,799.71 crore in market valuation last week, led by RIL that emerged as the biggest gainer

Farm loan waivers has HDFC Bank doubling provisions,net up 20.2%

Farm loan waivers has HDFC Bank doubling provisions,net up 20.2%

The higher bad loans had the bank making higher provisions which almost doubled, which led it miss the street estimate on the bottom line.

Patanjali, Reliance Jio among India's top 10 most influential brands

Patanjali, Reliance Jio among India's top 10 most influential brands

Home grown Patanjali and Mukesh Ambani's controlled Reliance Jio have bagged the fourth and ninth position, respectively, Ipsos said in its report of most influential brands.

India home to 50 of the world’s 2,000 powerful companies, no Indian firm in top 100: Forbes

India home to 50 of the world’s 2,000 powerful companies, no Indian firm in top 100: Forbes

Mukesh Ambani-led Reliance Industries leads the pack of 50 Indian companies in the 2017 Forbes ‘Global 2000’ list.

 

SBI raises Rs 15,000 crore through QIP

SBI raises Rs 15,000 crore through QIP

Country's largest lender SBI on Thursday said it has raised Rs 15,000 crore by selling 52.2 crore shares through qualified institutional placement (QIP), the largest share sale in the secondary market by a bank.

Tata Motors cuts up to 1,500 managerial jobs

Tata Motors cuts up to 1,500 managerial jobs

Tata Motors on Wednesday said it has reduced its managerial workforce by up to 1,500 people domestically as part of an organisational restructuring exercise.

Sensex gets back on feet, Nifty takes 9,300 on buying push

Sensex gets back on feet, Nifty takes 9,300 on buying push

The flagship Sensex witnessed a mild recovery on Monday while the Nifty took back the key 9,300 level on the back of uninterrupted buying by domestic investors even as their foreign counterparts looked the other way.

HDFC Bank headcount falls for 2nd quarter, down by 6,100 in Q4

For the second quarter in a row, there was a massive drop in HDFC Bank's headcount that came down by over 6,000 to 84,325 owing to increased digitalisation in the March quarter and it expects the trend to continue.

HDFC Bank shares gain over 2%; mcap surges by Rs 8,918 crore

Shares of HDFC Bank on Friday rose by over 2 percent, adding Rs 8,918 crore to its market valuation, after the company reported an 18.2 percent growth in net profit for the March quarter.

HDFC Bank to raise Rs 50K crore via infra bonds, debt securities

HDFC Bank to raise Rs 50K crore via infra bonds, debt securities

The securities would be issued on private placement basis, it said, adding that the approval of shareholders for the issuance would be sought in the ensuing annual general meeting.

HDFC Bank Q4 net profit beats estimates, bad loans stable

HDFC Bank Q4 net profit beats estimates, bad loans stable

HDFC Bank Ltd, India`s second-biggest lender by assets, reported fourth-quarter net profit rose 18.3 percent on higher interest and fee income, slightly ahead of estimates.

Geo-political strains, Q4 results to drive markets

Geo-political strains, Q4 results to drive markets

Trend from global markets amid brewing geo-political trouble and corporate quarterly results will continue to steer stocks this week, say experts.

RIL closes in on TCS for top m-cap ranking

RIL closes in on TCS for top m-cap ranking

Helped by a sharp surge in its share price, Mukesh Ambani-led Reliance Industries Ltd (RIL) is fast closing in on the top-ranked TCS in market valuation with a gain of over Rs 28,000 crore last week.

HDFC Bank launches its UPI on Chillr

Launch of HDFC Bank`s UPI on Chillr will benefit customers of 44 banks that will now be able to conduct digital transactions seamlessly using the Chillr app.

 M-cap windfall for top 7 companies, investors richer by Rs 45,956 crore

M-cap windfall for top 7 companies, investors richer by Rs 45,956 crore

Investors in top seven Indian companies saw their fortune grow by a cumulative Rs 45,955.51 crore last week, with SBI and RIL handing the maximum gains.