[ad_1] Nine out of the ten most valuable companies saw a combined increase of ₹3.35 lakh crore in their market capitalisation last week, reflecting an overall positive momentum in the stock market, with Reliance Industries leading the surge. Among the top 10 firms, HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India,…
[ad_1] His trusted partner, Charlie Munger, echoed the views, too, over the years. “It’s hard to run a bank intelligently,” Munger told an interviewer once. “There’s a lot of temptation to do dumb things which will make the earnings next quarter go up, but are bad for the long term.” For a duo as unimpressed…
[ad_1] Eight of India’s ten most valuable companies collectively lost ₹1.60 lakh crore in market value last week, with Reliance Industries suffering the largest decline amid a broader market downturn. The BSE benchmark index fell by 1,047.52 points, or 1.30%, during the week. Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank,…
[ad_1] ICICI Bank, offers a diverse and unique range of credit cards designed to meet various financial needs of credit card users. A pivotal factor in the entire process of approval of credit cards through ICICI Bank, is the applicant’s credit score. Now, given there is no fixed credit score defined by ICICI Bank for…
[ad_1] As the sordid saga of events at IndusInd Bank unfolds, it is possible the coming days will see more skeletons tumble out of its closet. Within days of a forensic audit by Grant Thornton having found—as reported by Mint—that senior bank officials were aware of lapses in its accounting of derivative trades (that led…
[ad_1] Seven out of the ten most valuable companies in India saw a combined increase of ₹2.31 lakh crore in market valuation during the previous, holiday-shortened week, with Reliance Industries leading the gains amid generally positive sentiment in the equity market. The companies that registered valuation gains were Reliance Industries, HDFC Bank, Bharti Airtel, ICICI…
[ad_1] Before opening a fixed deposit (FD) account with a bank, it is better to compare the interest rates offered by different lenders. Higher the interest offered, greater the income for the depositor. Someone who deposits ₹5 lakh in a fixed deposit (FD), an extra 50 basis point interest offered on it leads to an…
[ad_1] The Nifty Bank has risen 9% over a month (19 March to 17 April), making it among the best-performing indices in anticipation of better earnings from its 12 constituents. Given the stellar rally of the past month, option sellers are expecting a moderate rise and have sold straddles, hoping to pocket the premia paid…
[ad_1] The combined market capitalization of the ten most valued companies soared by an impressive ₹3,84,004.73 crore during the holiday-shortened week, driven by a strong rally in the equity markets. HDFC Bank and Bharti Airtel led the gains among the top performers. Over the same period, the BSE Sensex surged by 3,395.94 points, or 4.51%,…
[ad_1] Private sector lender ICICI Bank has cut the interest rate on savings account deposits by 25 basis points (bps). This follows a recent rate cut by other private banks, including HDFC Bank and Axis Bank. The bank now offers 2.75 per cent interest for savings accounts with balances up to ₹50 lakh, 0.25 per…
