Jefferies warns of cyclical downturns in life insurance sector; downgrades SBI Life
Jefferies highlighted high valuations and downside margin risks for private life insurers.
Duggal may be chairman of Shriram Group Companies, again
Shriram Capital is the holding company for the financial services and insurance enti...
SBI reduces one-year MCLR by 10 bps
According the bank’s press release, this is its eighth consecutive MCLR cut this financial year.
Gurmeet Chadha on YES Bank, SBI, Voda Idea & equity inflows
There is news that YES Bank may deny Erwin Singh Braich’s offer. My sense is while the board recommended it, it is probably having a rethink on how it is going to work out with RBI. My advice to investors is to stay away from YES Bank till the fundraise actually happens. The frequent flip-flop is fast becoming a joke.
Vodafone Idea tanks 12% as chairman fears closure of biz
“If we are not getting anything, then I think it is the end of story for Vodafone Idea,” Kumar Mangalam Birla said at an event in New Delhi on Friday.
Buzzing stocks: Vodafone Idea, YES Bank, SBI, Dish TV
The NSE Nifty index was trading 14.15 points up at 11,935.65.
Stocks in the news: Bharti Airtel, SBI, Maruti Suzuki and Jaypee Infratech
Telecom operators Airtel and Vodafone Idea have removed cap from free outgoing calls
After Market: Maruti picks up speed, VA Tech Wabag gets booster, realty stocks has reality check
As many as 54 stocks flashed ‘sell’ signals as their prices fell below respective MACD signal lines.
Buy State Bank of India, target Rs 328: Kunal Bothra
Buy State Bank of India at a price target of Rs 328.0 and a stoploss at Rs 313 from entry point.
NSE appoints Girish Chandra Chaturvedi as chairman
Leading stock exchange NSE on Friday said it has appointed Public Interest Director Girish Chandra Chaturvedi as its new chairman. The appointment comes following the approval of the markets regulator Securities and Exchange Board of India (Sebi). The position was vacant since Ashok Chawla resigned as the chairman of the National Stock Exchange(NSE) in January.
'BUY' or 'SELL' ideas from experts for Monday, 9 December, 2019
SBI is a 'Buy' call with a target price of Rs 328 and a stop loss of Rs 313.
Financing arrangement likely by month-end: RIL in talks for Rs 5,000-crore loan to take over Alok Industries
RIL is in talks with State Bank of India, HDFC Bank and ICICI Bank for financing. RIL won the right to buy Alok Industries in the Insolvency and Bankruptcy Code process in March this year. The Ahmedabad bench of the NCLT had approved the sole RIL bid, made together with JM Financial Asset Reconstruction Co, which had promised to pay Rs 5,050 crore to take over Alok.
NTPC signs term loan of Rs 5,000 cr with SBI
Power generation company NTPC on Saturday said it has signed a term loan agreement for Rs 5,000 crore with State Bank of India (SBI).
Nepal SBI post 13 per cent growth in net profit for FY19
Nepal SBI Bank, a subsidiary of State Bank of India, has posted a Rs 229.25 crore net profit for 2018-19, registering a growth of 13.29 per cent. The bank mobilised total deposit of Rs 9,792.45 crore and extended loans and advances of Rs 8,864.47 crore at the closing of the year, according to a statement issued by the bank ahead of its Annual General Meeting.
Yogesh Mehta on what to do with Reliance, SBI and ICICI Bank
Small finance banks can be a good performers from here on, but avoid NBFCS, says Mehta.
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