SBI gets RBI nod to set up operations support subsidiary

Aimed at addressing the concern relating to the cost to income ratio, says Chairman Dinesh Kumar Khara

Podcast | Droupadi Murmu-Who?

Watch | Hyundai venue 2022 review

Watch | Nifty Prediction for June 27-July 1, 2022

Watch | This Chennai start-up creates boards from agricultural husks

Portfolio podcast | Why should you take Mutual Fund nomination seriously

Portfolio podcast | Why should you take Mutual Fund nomination seriously

Parv Shah and Vishal Balabhadruni discuss the ins and outs of having Mutual Fund nominee in detail

Subscriber Exclusive

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Market correction: Decoding the fall and where to invest now

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Index Outlook: Can resistances cap the upside in indices?

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Why you should sell Paytm stock

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F&O Query: Should you buy HDFC Bank futures or call option?

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Relooking at MF nomination after SEBI’s latest guidelines

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Bullion Cues: Do gold, silver lack direction?

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Crude Check: Ripe for consolidation?

Top Gainers/Top Losers

Stocks

Commodities

Forex

Gold & Silver

FPIs' exodus continues; pull out ₹46,000 crore from Indian equities in June so far

Mcap of nine of top-10 valued firms jumps ₹2.51 lakh crore

Hail the resilience of domestic investors amid volatility

Nazara Tech jumps 20 per cent after stock turns ex-bonus

Broker’s call: Hindalco (Buy)

Falling commodity prices cheer India Inc amid slew of headwinds

Copper prices slump over 15% so far this fiscal on recession fears

Chinese stimulus, Ukraine war likely to boost nickel in Q3

Crude oil futures trade lower on slowdown in US economy

GST council to consider making e-way bill mandatory for gold, precious stones

RBI for stability of the rupee, says Deputy Governor Patra

Rupee settles at all-time low of 78.33 against US dollar

Rupee recovers from record low, opens 12 paise up at 78.20 versus US dollar

Rupee settles at all-time low of 78.32 against US dollar

Rupee recovers from record low, inches higher by 9 paise against US dollar in early trade

Falling commodity prices cheer India Inc amid slew of headwinds

Copper prices slump over 15% so far this fiscal on recession fears

Chinese stimulus, Ukraine war likely to boost nickel in Q3

Crude oil futures trade lower on slowdown in US economy

GST council to consider making e-way bill mandatory for gold, precious stones

Opinion

Trending

Watch | Nifty Prediction for June 27-July 1, 2022

Index Outlook: Can resistances cap the upside in indices?

Canara Bank announces dividend of ₹6.50 per share

Market correction: Decoding the fall and where to invest now

Books

Economy

ICAR report highlights ways to fight heat wave, protect crops

ICAR report highlights ways to fight heat wave, protect crops

Suggestions include opting for the right crop varieties, bathing animals, adopting mulching technique

FSSAI operationalises standards for fortified rice kernels

FSSAI operationalises standards for fortified rice kernels

This to strengthen the National-level fortification programme

PMO pushes for futuristic governance reform to envision India@2047

PMO pushes for futuristic governance reform to envision India@2047

Constitutes 10 sectoral group of secretaries aimed at PMO is guiding governance towards reducing interference in the lives of the citizens, building

Govt extends GST compensation levy till March 2026 but States/UT not to get money

Govt extends GST compensation levy till March 2026 but States/UT not to get money

On May 31, the Centre said it has released the entire amount of GST compensation payable to States to till date by releasing an amount of ₹86,912 cr

Agri Business

Organic India looks beyond Tulsi to strengthen its herbs & infusion portfolio

ICAR report highlights ways to fight heat wave, protect crops

FSSAI operationalises standards for fortified rice kernels

Erratic monsoon, a missing minister and delayed sowing concern Maharashtra farmers

As tea prices in North India auctions rise, Iran begins buying more from Kochi sales

Tomar asks pesticides industry to work on alternative products as farmers shift to organic

Telangana Govt agrees to procure jowar after activists file PIL in HC

Money & Banking

SBI gets RBI nod to set up operations support subsidiary

SBI gets RBI nod to set up operations support subsidiary

Aimed at addressing the concern relating to the cost to income ratio, says Chairman Dinesh Kumar Khara

Reliance Capital resolution: Blackstone, HDFC Ergo, others may pull out

Reliance Capital resolution: Blackstone, HDFC Ergo, others may pull out

Only a few firms remain engaged with Administrator

‘Microfinance industry not likely to witness pre-pandemic level of collection efficiency’

‘Microfinance industry not likely to witness pre-pandemic level of collection efficiency’

It may not be possible to achieve the 99 per cent levels, says Jiji Mammen, ED and CEO, Sa-dhan

India Inc flocks to banks for funds

India Inc flocks to banks for funds

Alternative sources of funding such as bond markets, overseas borrowing become costly

Godrej Housing Finance eyeing co-lending partnerships in affordable housing space

Godrej Housing Finance eyeing co-lending partnerships in affordable housing space

Retail focused housing finance start-up will expand operations to 11 cities in the next quarter, says Manish Shah, MD & CEO, Godrej Capital

AMCs prepare to launch new MF schemes from next month as Sebi restriction nears end

AMCs prepare to launch new MF schemes from next month as Sebi restriction nears end

They have a line-up of passive funds on the fixed income and equity side as well as selective launches in certain categories to fill product gaps

Markets

Poll Question

Will the merger of HDFC and HDFC Bank trigger a consolidation in the banking industry?

quicktake

Quick Take: Why the stock markets cheered, while bond markets sulked post Budget

Though the Budget had every excuse to announce some populist handouts ahead of upcoming State polls, it seems to have refrained

Watch | Nifty Prediction for June 27-July 1, 2022

Index Outlook: Can resistances cap the upside in indices?

Canara Bank announces dividend of ₹6.50 per share

Market correction: Decoding the fall and where to invest now

Why you should sell Paytm stock

Copper prices slump over 15% so far this fiscal on recession fears

India’s manufacturing dream gets a second life

PMO pushes for futuristic governance reform to envision India@2047

Editor's pick

The Hindu BusinessLine to host MSME growth conclave in Bengaluru on June 27

The Hindu BusinessLine to host MSME growth conclave in Bengaluru on June 27

Event will discuss how MSMEs can contribute more to the India growth story and re-imagine their businesses by leveraging technology and innovation

Ola shuts down grocery delivery and used cars retail business

Ola shuts down grocery delivery and used cars retail business

Says it will increase its pace of investments into areas like EVs, cell manufacturing, financial services

Google spots spyware ‘Hermit’ targeting Android users

Google spots spyware ‘Hermit’ targeting Android users

Experts say such enterprise grade spyware is used across globe to target human rights activists and journalists

Parameswaran Iyer appointed Niti Aayog CEO

Parameswaran Iyer appointed Niti Aayog CEO

Will replace Amitabh Kant who completes his tenure on June 30

Maharashtra crisis: Shiv Sena files disqualification petition against 16 rebel MLAs

Maharashtra crisis: Shiv Sena files disqualification petition against 16 rebel MLAs

Rebel party leader Eknath Shinde to approach the court against the party’s decisions

Air India offers to re-hire pilots post-retirement for five years

Air India offers to re-hire pilots post-retirement for five years

This comes even as the full-service carrier rolled out a voluntary retirement scheme for its employees

Deficit in kharif sowing widens to 24 per cent from 8 per cent in a week

Deficit in kharif sowing widens to 24 per cent from 8 per cent in a week

Coverage of all crucial crops, barring sugarcane and sunflower, down

Foxconn, Vedanta discuss road map to set up chip manufacturing plant

Foxconn, Vedanta discuss road map to set up chip manufacturing plant

Earlier in February, they had signed MoU for a JV

Multimedia

Companies

Adani Group achieves financial closure for Kutch Copper project

Adani Group achieves financial closure for Kutch Copper project

Banks’ consortium led by SBI, sanctions entire debt requirement of ₹Rs 6,071 crore

Indian power plants blended 7 million tons of imported coal in April-June

Indian power plants blended 7 million tons of imported coal in April-June

Power plants also have around 2.5-3 million tonnes of imported coal in stock

‘Escorts Kubota is working on multi-pronged expansion, mid-term plan to drive future growth’

‘Escorts Kubota is working on multi-pronged expansion, mid-term plan to drive future growth’

The company will introduce a new Escorts tractor series soon, says Nikhil Nanda

Toyota Kirloskar Auto Parts sets up e-Drive production line

Toyota Kirloskar Auto Parts sets up e-Drive production line

This new line will cater to local requirements and exports

Ultra Gas & Energy to invest ₹4,500 crore to set up 300 LNG storage facilities

Ultra Gas & Energy to invest ₹4,500 crore to set up 300 LNG storage facilities

The company sees a future in supplying gas to industrial consumers, especially MSMEs

Post-pandemic, the premium portfolio is witnessing a dream growth: Pernod Ricard COO

Post-pandemic, the premium portfolio is witnessing a dream growth: Pernod Ricard COO

Rajesh Mishra expects a strong year for the company as the “premiumisation trend continues to gain momentum on the back of the resurgent economy”

Info-tech

Fixed line broadband market grew for first time in 10 years in FY22

Fixed line broadband market grew for first time in 10 years in FY22

Experts say the new growth trend is here to stay

How to enter Nothing’s invite-only pre-order for Phone (1)

How to enter Nothing’s invite-only pre-order for Phone (1)

Customers can pick up the device from Flipkart after it launches next month

5G auctions: If operators don’t bid on 700 MHz spectrum, the DoT may consider assigning it to Railways

5G auctions: If operators don’t bid on 700 MHz spectrum, the DoT may consider assigning it to Railways

In a consultation paper floated by TRAI, the regulator said leaving such a valuable spectrum idle would be of economic loss to the nation

Infosys to evolve approach that matches the market dynamics: Nandan Nilekani

Infosys to evolve approach that matches the market dynamics: Nandan Nilekani

‘Challenges of post-pandemic world also present a huge opportunity for transition’

Meesho to double down on building tech around supplier insights: CTO Sanjeev Barnwal

Meesho to double down on building tech around supplier insights: CTO Sanjeev Barnwal

Bengaluru , June 23:

Microsoft rolls out new Xbox, PC gaming performance features in Edge to enhance gamer experience

Microsoft rolls out new Xbox, PC gaming performance features in Edge to enhance gamer experience

Shadowrun Returns, Assassin’s Creed origins and OMORI are some games recently added to Xbox Game Pass

Portfolio

Relooking at MF nomination after SEBI’s latest guidelines

Relooking at MF nomination after SEBI’s latest guidelines

From August 1, AMCs will provide those putting in fresh money in MFs with the choice of either providing nomination for their investments, or opt out

Simply Put: Reverse wealth effect

Simply Put: Reverse wealth effect

Central banks use this tool to cool the economy when inflation is red hot globally tweak policies to stimulate economy during times of high inflation

Market correction: Decoding the fall and where to invest now

Market correction: Decoding the fall and where to invest now

Steady fall in markets since October 2021 has thrown up valuable lessons and pockets of opportunities for long-term investors

Investors can again invest in international funds but...

Investors can again invest in international funds but...

...will be subject to the headroom available to MFs without breaching the overseas investment limits utilised by fund houses as on February 1, 2022

Weekly Rupee view: Rupee stays range-bound

Weekly Rupee view: Rupee stays range-bound

The domestic currency is not appreciating despite softening dollar

Why India-focussed pharma stocks have an edge

Why India-focussed pharma stocks have an edge

Extended periods of slow growth in a third of the portfolio weighs on US-focussed stocks

Videos from BusinessLine on Campus

Shiv Shivakumar's spirited lessons for MBAs entering corporate life

Shiv Shivakumar's spirited lessons for MBAs entering corporate life

Speaking at the grand finale of BLoC Boardroom Challenge 2021, he offers six insights to B-schoolers.

Masterclass on how to solve a business case by Vishwadeep Kuila

Masterclass on how to solve a business case by Vishwadeep Kuila

Speaking at the grand finale of BLoC Boardroom Challenge 2021, Kuila offers realistic advice to crack a case.

'Thinking about the future will help'

'Thinking about the future will help'

Mohammed Thaysir of Chennai Business School, says students shouldn't be stuck on just getting a job

Is your job a 100-metre dash or a marathon?

Is your job a 100-metre dash or a marathon?

Treat the first three years of your job as an extension of your management programme

'For an interview, prepare thoroughly about yourself'

'For an interview, prepare thoroughly about yourself'

Great Lakes Institute of Management student, Akanksha Ahuja gives you a few tips on acing interviews

'Don't ask the interviewer irrelevant questions'

'Don't ask the interviewer irrelevant questions'

Bharath Prasad, a graduate of GLIM, says it's better to not ask questions than asking half-baked ones

Slideshow

video

Maharashtra political crisis: Is this the end of the Maha Vikas Agadhi Govt?

Maharashtra political crisis: Is this the end of the Maha Vikas Agadhi Govt?

Radheshyam Jadhav gives an overview of the political crisis in Maharashtra and what to expect next.

Resources

Feb 01, 2022

Budget 2022-23: Speech of Finance Minister, Nirmala Sitharaman

Feb 01, 2022

Key feaures of Budget 2022-23

Jan 31, 2022

Full Text | Economic Survey 2021-22

Walking in Indian Cities – A Daily Agony for Millions

How ‘shopoholic’ UPL adds muscle with takeovers

Homegrown agrochem MNC UPL believes in collaborations to drive growth and revenue

Birla-Adani in cement slugfest to be top player

With housing and roads expected see a boom, cement makers will be jockeying for the top slot

Uday Shankar: In the reckoning again

Former Star chief is back in the game with IPL digital bid

Relooking at MF nomination after SEBI’s latest guidelines

From August 1, AMCs will provide those putting in fresh money in MFs with the choice of either providing nomination for their investments, or opt out

Simply Put: Reverse wealth effect

Central banks use this tool to cool the economy when inflation is red hot globally tweak policies to stimulate economy during times of high inflation

Market correction: Decoding the fall and where to invest now

Steady fall in markets since October 2021 has thrown up valuable lessons and pockets of opportunities for long-term investors

Auroville: An utopian search for a better world

Akash Kapur’s ‘Better to Have Gone’ traces what happens when we believe deeply in a quest and give up everything in its pursuit

Lady doctors and the rocky path to healing

A handbook on India’s first women doctors holds up a mirror to the social and political realities of the 19th and early 20th century

Conquering Everest: A compelling account of how an impossible dream was achieved

Jim Davidson dwells in detail on the failure to make it in the first attempt and the harrowing return to physically and emotionally draining climb up