LIC-IDBI Bank deal gets RBI approval – The Financial Express

The Reserve Bank of India (RBI) has given its approval to the LIC-IDBI Bank deal and the stressed bank is learnt to have received around Rs 6,000 crore from the insurance behemoth as the first instalment for the proposed acquisition of a majority stake, sources told FE.LIC-IDBI Bank deal gets RBI approvalThe Reserve Bank of India (RBI) has given its approval to the LIC-IDBI Bank deal and the stressed bank is learnt to have received around Rs 6,000 crore from the insurance behemoth as the first i...
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Costly bailout: Rs 1.7 lakh cr infused into public sector banks; Rs 3.3 lakh cr notional loss in market cap – The Financial Express

Compared to a situation where PSBs retained their share in bank m-cap, it would mean a notional loss of Rs 3.28 lakh crore.Costly PSB bailout: Rs 1.7 lakh cr infused; Rs 3.3 lakh cr notional loss in M-capThe share of public sector banks (PSBs) in total bank market capitalisation has plunged to just 25.59% now from 42.93% on May 23, 2014, just before PM Narendra Modi came to power. Compared to a situation where PSBs retained their share in bank m-cap, it would mean a notional loss of Rs 3.28 lakh...
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Petrol price slashed again, Rs 71.32/litre in Delhi; check latest rates in Mumbai, Chennai, Kolkata – The Financial Express

Petrol price today: While petrol is being retailed at Rs 71.32 per litre, a cut of Rs 0.40 from yesterday price, diesel can be availed at Rs 65.96 per litre, down Rs 0.43 in Delhi.Petrol price today: In Mumbai, petrol and diesel are trading at Rs 76.90 per litre and 69.02 per litre, respectively. (Reuters)Petrol price today: Fuel prices were further slashed on Thursday after remained unchanged on Wednesday. While petrol is being retailed at Rs 71.32 per litre, a cut of Rs 0.40 from yesterday pri...
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Kotak Mahindra shares reverse gains after bank clarifies on Warren Buffett's stake buy report – The Financial Express

Shares of Indias major private sector lender Kotak Mahindra Bank reversed gains Friday after the bank clarified on Berkshire Hathaways stake buy report.Kotak Mahindra Bank has clarified that it is unaware of any plans by Berkshire Hathaway to buy a 10% stake in the company.Shares of Indias major private sector lender Kotak Mahindra Bank reversed gains Friday after the bank clarified on Berkshire Hathaways stake buy report. Kotak Mahindra Bank has clarified that it is unaware of any plans by Berk...
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Mutual funds inflows: Asset base rises 8% to Rs 24 lakh crore till Nov-end; key things to know – The Financial Express

Mutual funds asset base rose to a little over Rs 24 lakh crore by November-end, an increase of 8 per cent from the preceding month, on strong inflow in liquid schemes. According to Amfi data, the asset under management (AUM) of the industry, comprising 42 players, climbed from Rs 22.23 lakh crore at the end of October, to Rs 24.03 lakh crore in November-end.Mutual funds asset base rose to a little over Rs 24 lakh crore by November-end, an increase of 8 per cent from the preceding month, on stron...
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Both gold and silver are glittering! Gold prices surged by Rs 890, silver climbed Rs 1,940 this week – The Financial Express

Taking positive leads from the global market amid firm demand from local jewellers, gold prices surged Rs 890 to Rs 32,350 per 10 grams at the bullion market during the week.Traders said a positive trend in the overseas market lifted gold prices here.Taking positive leads from the global market amid firm demand from local jewellers, gold prices surged Rs 890 to Rs 32,350 per 10 grams at the bullion market during the week. Similarly, silver climbed Rs 1,940 to Rs 38,500 per kg on higher demand fr...
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