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Yes Bank share price today: Yes Bank shares rose as much as 14.97% on the BSE on Wednesday

Yes Bank shares rose over 19 per cent on Wednesday, a day after its chief executive officer and managing director said the private sector lender was close to securing a deal to sell a minority stake to a global technology company. Yes Bank shares rose as much

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Yes Bank's common equity tier 1 capital at the end of June stood at 8 per cent.

Yes Bank is close to securing a deal to sell a minority stake to a global technology company to help boost the private lender's capital, the bank's CEO said.

"We are in fairly advanced level of talks right now and it is close to being a done deal," Ravneet Gill, chief

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A lackluster earnings performance for Asian firms in the second quarter also affected price valuations.

Valuations of Asian shares took a hit in August after a sharp sell-off due to an escalation of the United-States-China trade war.

A decline of 3.4 per cent in MSCI's broadest index of Asia-Pacific shares during August pulled down its forward

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The PSU (public sector undertaking) bank index has declined by 21 per cent during the same period.

Mumbai: 

The ongoing economic slowdown in the country has claimed the livelihood of lakhs of people. New projects and investments have been put on hold, while a revival could take longer as investor confidence in companies cut a sorry picture at the

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Earlier, State Bank of India revised its FD rates on August 26.

State Bank of India or SBI, country's largest lender, has reduced fixed deposit (FD) interest rates across all maturities. The SBI FD rates has been lowered by 20-25 basis points (or 0.20-0.25 percentage point) across tenors in the retail segment, and bulk segment has seen a reduction

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On Saturday, gold closed at Rs 39,525 per 10 grams, while silver at Rs 49,900 per kilogram.

New Delhi: 

Prices of gold on Monday declined by Rs 300 to Rs 39,225 per 10 grams at the bullion market here, in absence of demand and a stronger rupee, according to HDFC Securities. Silver was also on weak ground, tumbling Rs 1,400 to Rs 48,500 per kilogram.

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IL-FS Group, which has about Rs 91,000 crore in debt, is facing severe liquidity crisis.

New Delhi: 

Crisis-ridden infrastructure financing major IL-FS has received binding financial offers totalling nearly Rs 13,000 crore for 10 of its domestic road assets.

In addition to this, the IL-FS Group entities continue to hold rights to receive

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Since the formation of government, foreign portfolio investors have sold shares worth Rs 28,260.50 crore.

Investors' wealth worth Rs 12.5 lakh crore has been wiped out in the first 100 days since the second term of Prime Minister Narendra Modi's government started on May 30. At yesterday's closing, the market capitalisation or market value of

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The payments bank offers two types of zero balance savings accounts at present: regular and basic.

The government on Monday announced the rollout of Aadhaar Enabled Payment System (AePS) Services by India Post Payments Bank (IPPB). With the launch of AePS services, the India Post Payments Bank has now become the largest platform in the country for

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Air India has a total debt of about Rs 60,000 crore.

New Delhi: 

Going whole hog to sell Air India this time after the Modi 1.0 government's failed bid, the group of ministers (GoM) led by Union Home Minister Amit Shah is expected to decide the reserve price of the national carrier and dealing with its large debt.

Among other issues are golden

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SBI has also reduced its fixed deposit (FD) interest rates across all maturities.

Sate Bank of India or SBI has reduced its benchmark lending rate by ten basis points or 0.10 percentage points across all tenors. The new rate, effective from today, marks the fifth reduction by SBI this financial year, the country's largest lender said in a

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Nifty reclaimed 11,000 fir first time since August 30.

The NSE Nifty 50 index closed above 11,000 mark for the first time since August 30 led by gains in banking and financial services shares. The benchmarks opened lower but recovered their losses in mid-morning deals paced by gains in HDFC, Larsen - Toubro, Kotak Mahindra Bank, ICICI Bank and

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The country's planned giant refinery and petrochemical project, which is being built with Saudi Aramco and Abu Dhabi National Oil Co (ADNOC), will cost more than the originally planned $45 billion, Oil Minister Dharmendra Pradhan said on Tuesday.

The 1.2 million barrels-per-day (bpd) giant coastal project is part of government's plans to raise its

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The financial markets will resume trading on Wednesday, September 11.

Domestic equity, debt and currency markets will remain closed on Tuesday on account of Muharram. On Monday, the stock market benchmark index S-P BSE Sensex ended 164 points or 0.44 per cent higher to close at 37,145 and the Nifty 50 index advanced 57 points or 0.52 per cent

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However, SAT partly allowed disgorgement of the Rs. 13 crore fee from the PriceWaterhouse Coopers.

Mumbai: 

In a major setback to Sebi (Securities and Exchange Board of India), SAT on Monday overturned the markets regulator's order banning PriceWaterhouse Coopers from auditing any listed company for two years for its role in the Rs 7,800-crore

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Nirmala Sitharaman said the government will spend Rs 100 lakh crore on infrastructure projects.

Chennai: 

Finance Minister Nirmala Sitharaman on Tuesday said the central government will start funding infrastructure projects once the task force on the matter submits its report.

She also said the government is talking with representatives of industrial

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The Gurgaon Metro is the country's first fully privately-developed project which was built by IL-FS.

The Gurgaon Metro will be operated and maintained by IL-FS till September 17 midnight as a licensee while its operational cost will be borne by the Haryana Urban Development Authority (HUDA), the Punjab and Haryana High Court ruled on

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Ind-Ra has cut its growth forecast for NBFCs for FY20 to 10-12 per cent from 15 per cent.

Mumbai: 

Non-Banking Finance Companies (NBFCs) and Housing Finance Companies (HFCs) will face pressures on both growth and fundings, India Ratings, a Fitch group company, said on Monday.

India Ratings and Research (Ind-Ra) has revised its sector outlook on NBFCs

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PPF Account: Investment made under PPF also qualifies for income tax benefits under the I-T Act.

India Post, which operates a network of more than 1.5 lakh branches across the country, offers nine savings schemes. The interest rates applicable to these post office saving schemes are revised on a quarterly basis. One such savings scheme offered by po

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The industry body said the hike in customs duty and the present GST rate is affecting customer sentiment.

Kolkata: 

The jewellery industry is witnessing a "recession" and skilled artisans are staring at the prospect of job losses, the All India Gem and Jewellery Domestic Council said on Monday. It also sought lower customs duty on imported gold and

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This is the worst-ever fall for both the categories since SIAM started recording the data in 1997-98.

The country's monthly passenger vehicle and car sales recorded their steepest fall ever in August, according to data released by an industry body on Monday, highlighting the continued slowdown in the sector amid assurances by the government for

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Morgan Stanley last month lowered its oil price and demand forecasts for the rest of the year.

Goldman Sachs has lowered its forecast on 2019 oil demand growth, citing reduced demand from India, Japan, other non-OECD Asian regions, the Middle East and Latin America.

The Wall Street bank revised its forecast down to 1 million barrels per day (bpd),

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Expected rise in inflation comes despite the price of oil falling by more than 7%.

Retail inflation likely rose to a 10-month high in August primarily driven by higher food prices, while staying below the Reserve Bank of India's medium-term target of 4 per cent, a Reuters poll of economists showed.

Food prices, which account for nearly half of the

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Ashok Leyland shares fell nearly 3 per cent on Monday, a day after the auto maker said it would suspend operations at its various plants this month due to “weak demand” for its products. In a regulatory filing to the Bombay Stock Exchange (BSE) on Sunday, commercial vehicle maker Ashok Leyland shared details of a total 59 “non-working days” at its

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Jack Ma returned to Hupan Garden on the eve of the company's 20th anniversary.

Beijing: 

Alibaba co-founder Jack Ma is stepping down as Chairman of the multi-billion dollar e-commerce behemoth on Tuesday as the company celebrates its 20th anniversary.

Jack Ma, who turned 55 on Tuesday, announced last year that he would retire within a year, with the

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The rupee had settled at 71.72 against the American currency on Friday.

The rupee on Monday settled flat at 71.71 against the US dollar. Rising crude oil prices and foreign fund outflows weighed on the domestic currency, forex dealers said. The market investors were optimistic about cut in interest rates by the US Federal Reserve, they added. The

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Creditors of Ruchi Soya will receive a maximum of Rs 4,240 crore in repayments.

India's company court approved a bid by a group of firms controlled by yoga guru Ramdev to take over cooking oil and soya-products maker Ruchi Soya Industries Ltd. for Rs 4,350 crore.

Patanjali Consortium Adhigrahan Pvt. -- a venture by Patanjali Ayurved Ltd. and three

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Under the new rules, banks will be free to decide the spread over the external benchmark.

Moody's Investor Service on Tuesday said the RBI's mandate on aligning commercial bank floating loan rates to the external benchmark from next month is credit negative for Indian banks.

"Currently, banks' floating rate loans are benchmarked to the Marginal Cost

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On September 4, RBI mandated banks to link fresh retail loans to external benchmark.

Mumbai: 

State-run IDBI Bank on Monday said the introduction of repo-linked retail loans would be effective from October 1.

IDBI Bank had earlier said that it would introduce repo rate-linked home and auto loans with effect from September 10.

However, in view of the

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The failure to slash stressed assets is undermining India's efforts to revive economic growth

A prolonged shadow-banking crisis and hurdles in bankruptcy rules are set to keep India atop the world's worst bad-debt pile, even as Italy, which held the title previously, quickens the clean-up of its lenders.

Moody's Investors Service to Credit Suisse

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