APN News

  • Thursday, August, 2022| Today's Market | Current Time: 12:42:24
  • National Stock Exchange T91 bills recieved well by the market

    by NR INDRAN / INT The interest rate futures on the T 91 day bills, which were launched by the National Stock Exchange today, were received well by the market. The product was announced by the RBI in their monetary policy on April 20, 2010. Subsequently, circulars were issued by SEBI and RBI on the […]

    SBI Life launches Variable Insurance plan – Flexi Smart Insurance

    SBI Life, the leading new generation life insurer, has launched a variable non-participating insurance plan – Flexi Smart Insurance. The product is designed to provide safety for customer’s investment and stable returns to risk-averse customers having preference for non-market linked plans. Interim and additional interest rates, flexibility of premium holiday option, facility of increasing or […]

    Ujjivan raises Rs. 23 Crores through non-convertible debentures

    by NR Indran / INT Ujjivan Financial Services Private Limited, a leading urban poor-focused microfinance institution (MFI), has raised Rs.23 Crores (USD 5 Million) by way of private placement of Non-Convertible Debentures (NCD). Standard Chartered Bank is the sole book runner and lead arranger of the issue. Mr. Samit Ghosh, Managing Director, Ujjivan said, “This […]

    Sensex closes 52 points higher

    The Sensex at the Bombay Stock Exchange gained 52 points, or 0.3 percent, to close at 18,814, today, amid rising Asian markets. The Nifty at the National Stock Exchange added 23 points, or 0.4 percent, to 5,651. Stock markets in Japan, China, Hong Kong, South Korea, and Singapore rose between 0.5 percent and 2 percent.

    No decision on lowering GDP projection yet: Pranab

    Finance Minister Pranab Mukherjee has said the government has not taken any decision yet on revising the economic growth projections for 2011-12. “We have not taken any decision yet…,” Mukherjee told reporters in New Delhi on Monday when asked if the government is planning to revise the GDP growth projections downwards. In the Economic Survey, […]

    Cairn India may have to be bulldosed to accept govt norms

    UK’s Cairn Energy or its successor Vedanta Resources may have to bulldose Cairn India board if they were to accept conditions set by the government to clear their USD 9-billion deal. The board of Cairn India (CIL) has on two occasions rejected oil ministry conditions that royalties paid by ONGC on its all important Rajasthan […]

    MTNL invites EoI to raise Rs 1,500 cr

    State-run MTNL has invited expression of interest (EoI) from banks for providing long-term loans of Rs 1,500 crore to repay its debts and meet operational expenses. “The loss-making PSU has called for an EoI from public/private banks for providing an offer for long-term loans (secured) of Rs 1,500 crore with a floating interest rate for […]

    Rupee gains 10 paise against US dollar in early trade

    The Indian rupee rose for the fourth straight day on Monday by adding 10 paise to Rs 44.47 per dollar in opening trade on the Interbank Foreign Exchange, supported by dollar weakness against the euro and other Asian currencies and a higher opening in the stock market. The rupee had appreciated by 12 paise to […]

    Sensex gains 173 points in opening trade on firm Asian cues

    The Bombay Stock Exchange benchmark Sensex rose by nearly 173 points in the opening trade on Monday on the back of buying by funds and retail investors amid a firming trend on other Asian bourses. The 30-share barometer, which lost 83.07 points in the previous session, recovered sharply by 172.84 points, or 0.92 per cent, […]

    ICICI, 2 others raise rates; home, auto loans to cost more

    Three major lenders, including country’s biggest private sector bank ICICI Bank, on Friday announced an increase of 25 basis points, or 0.25 percent, in lending rates, making auto, home and corporate loans more expensive for borrowers. The rate hike will increase the cost for those who had taken advances on floating rate of interest. Besides […]