Stock Market Today Live Updates: Where are BSE Sensex and NSE Nifty50 headed?

Stock market today: Analysts flag crude oil, inflation and geopolitical risks as key market drivers Analysts said elevated crude oil prices and uncertainty around global developments were weighing on investor sentiment. Vinod Nair of Geojit Investments said markets remained on edge ahead of key inflation readings in India and the US, with investors closely watching … Read more

Bank of America to invest up to Rs 18,000 crore for 49.9% stake in Jio Credit

The deal will deepen Bank of America’s participation in India as the financial sector expands. MUMBAI: Bank of America will acquire an initial 26.5% stake in Jio Credit, the wholly owned NBFC lending subsidiary of Jio Financial Services, with the stake potentially rising to 49.9% under a joint venture agreement that could involve an investment … Read more

New chief needs to deal with 3 major cash losers

These are also segments where Chandra’s track record came under scrutiny. NEW DELHI/ MUMBAI: The new Tata Sons chairman has to deal with three major cash losers – Air India, semiconductor and electronics manufacturing and Tata Digital – with govt treating the salt-to-airline conglomerate as a strategic partner in some of these sectors.With military aircraft … Read more

New RBI rules may end loan spread tinkering; to standardise rate setting across banks, NBFCs

The methodology used to calculate internal benchmarks will also have to be made publicly available MUMBAI: Lenders may no longer be able to tinker with loan spreads over the benchmark rate to offer new borrowers better deals than existing customers. Draft RBI rules seeking to standardise interest-rate setting across banks, NBFCs and cooperatives require lenders … Read more

How power struggle at Tata group is deepening with exit of Ratan Tata’s key allies

N Chandrasekaran’s decision leaves the board with the task of selecting a new chairman.. (Reuters file photo) N Chandrasekaran’s decision to step down as Tata Sons chairman after his current tenure ends in February 20207 has brought to light the power struggle within the Tata group.His decision represents a major leadership change at Tata Sons … Read more

Indian Railways rolls out passenger train coaches for Bangladesh Railway; check top features & images

The rake consists of three AC sleeper coaches, three AC chair cars, 11 Non-AC chair cars and two power cars. Indian Railways rolls out passenger coaches for Bangladesh! The Rail Coach Factory (RCF) in Kapurthala has achieved a major milestone on Wednesday with the rollout of its first rake of 19 Linke Hofmann Busch (LHB) … Read more