Vedanta Aluminium, India’s largest aluminium producer, has signed a Memorandum of Understanding (MoU) with the Central Bank of India to offer collateral-free customer financing through its unit, Balco. A press…
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Broker’s call: Senco Gold (Buy)
Target: ₹431 CMP: ₹359.30 Senco Gold posted strong growth across revenue/EBITDA/PAT of 21.1/44.8/94. per cent y-o-y respectively, led by healthy wedding sales. Management has reiterated topline growth of 18-20 per…
SEBI mandates validated UPI addresses for registered intermediaries to curb cyber frauds
In a bid to safeguard retail investors from cyber frauds, the Securities and Exchange Board of India (SEBI) has mandated a new structured unified payment interface (UPI) address mechanism for…
Broker’s call: IFB Industries (Add)
Target: ₹1,702 CMP: ₹1,658.55 IFB Industries (IFBI) revenue grew 22.3 per cent y-o-y (6.6 per cent higher than estimates). Its home appliances business registered revenue growth of 28.4 per cent,…
Hybrid funds deliver better returns in volatile times
Hybrid funds have lived up to investors’ expectations by delivering better returns in times of recent volatility in the equity markets, despite the gradual recovery and the record high gold…
Worried About Cyber Frauds With Your Demat Accounts? SEBI Introduces New Tool To Verify Payment Handles
New Delhi: SEBI in order to make investments safer and protect against cyber frauds has introduced a new tool called ‘SEBI Check.’ This tool will help investors verify UPI handles…
Stock markets close higher on firm global trends, foreign fund inflows
Benchmark Sensex closed higher by 123 points while Nifty rose for a sixth consecutive day on Wednesday following a rally in global markets amid optimism over US-China trade talks and…
SBI Hires 13,455 Junior Associates To Boost Customer Experience: Chairman
New Delhi: Nation’s largest lender the State Bank of India (SBI) on Wednesday said it has hired 13,455 junior associates to enhance customer experience at its branches across the country.…
CCEA Green Flags Projects Worth Rs 6,405 Cr To Double Railway Lines
New Delhi: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved two multi-tracking projects across the Indian Railways network entailing an investment of…