Red-hot rally: BSE firms market capitalisation crosses Rs 200 trillion The sum of the market value of BSE-listed companies crossed Rs 200 trillion for the first time, on Thursday. The feat comes a day after the S&P BSE Sensex closed above the coveted 50,000-mark. The Sensex, on Thursday, ended at 50,614.29, up 358.54 points. The combined market capitalisation of the National Stock Exchange of India-listed companies was a shade lower at Rs 199.1 trillion, based on Thursday s closing. Read more
How RBI plans to revive PMC Bank through a three-pronged strategy If the revival formula works as planned, it will be the first time in recent years that the Deposit Insurance and Credit Guarantee Corporation (DICGC) will have been roped in for the revival of a stressed bank. Read more
FILE PIC: Security personnel stand guard at a check point in Srinagar (Photo:PTI)
News LIVE updates: High-speed mobile internet services are being restored in the entire Union Territory of Jammu and Kashmir, exactly 18 months after it was suspended in August 2019 when the Centre abrogated special status of the erstwhile state. The Centre on Friday told informed the Supreme Court that it is agreeable to give an extra chance as a one-time relaxation to UPSC civil service aspirants, who had appeared in their last attempt in the 2020 exam amid the Covid-19 pandemic and are otherwise not age-barred. Earlier in the day, the Reserve Bank of India (RBI) kept its policy repo rate unchanged at 4 per cent and reverse repo rate at 3.35 per cent, and promised an accommodative stance as long as necessary to revive growth and come out of the Covid-19 induced stress.
Delhi HC orders status quo on $3.4 bn Future Group-Reliance Retail deal The Delhi High Court on Tuesday asked Future Retail Ltd (FRL) to maintain the status quo with respect to its $3.4 billion (about Rs 24,700 crore) deal with Reliance Retail. The court said it was satisfied that an immediate interim order was required to be passed to protect the rights of Amazon.Read more
Investors richer by Rs 10.5 trn after Budget; Sensex crosses 50K-mark again The benchmark indices notched record closing highs on Tuesday as the buying frenzy triggered by the Budget continued for the second day. The Sensex even pierced the historic 50,000 mark in intra-day trade for the second time after January 21. The index rallied as much as 1,554 points before giving up some gains.