APN News

  • Wednesday, April, 2020| Today's Market | Current Time: 11:03:36
  • SBI Cards & Payment Services raise Rs 2,769 Cr ahead of its initial share sale

    SBI Cards and Payment Services has raised Rs 2,769 Crore from 74 anchor investors, ahead of its initial share sale, starting on March 2. Anchor investors are institutional investors, who are offered shares in an initial public offering, ahead of its opening. Singapore government, Monetary Authority of Singapore, HDFC Mutual Fund, Government Pension Fund Global […]

    S&P500, Dow Jones suffer biggest one-day percentage losses in two years on fears of coronavirus

    On Wall Street, yesterday, the S&P 500 and the Dow Jones Industrial Average suffered their biggest one-day percentage losses in two years after a surge in coronavirus cases outside China fanned worries about the global economic impact of a potential pandemic. The S&P and the blue-chip Dow turned negative for the year to date and […]

    Slowing credit growth critical challenge for banking industry: RBI Governor

    Reserve Bank of India Governor Shaktikanta Das has said that slowing credit growth is one of the most critical challenges for the banking industry. He said credit growth has moderated to 7-7.5 per cent this year and there is a need to focus on prudent lending by the banks. Addressing the Mint annual banking conclave […]

    Quickest Way to Get a Personal Loan in India

    Everyone talks about being busy these days but no one talks about how to still get things done while being pressed for time. Either you are putting off your Bhutan trip or are passing on that IKEA wardrobe you have had your eyes on. The problem persists across the board and in most cases is […]

    Why Do Forex Traders Fail?

    With an abundance of software tools and online platforms designed to simplify Forex trading, one might assume that most traders eventually see some level of success. Considering the fact that markets can only move in two directions (up or down), it would seem that there’s a 50% chance of winning in any individual trade. In […]

    FATF says terrorist groups continue to benefit from funds through illegal activities

    The Financial Action Task Force (FATF) has said that several terrorist groups continue to benefit from funds raised through illegal activities and from supporters worldwide despite the international terror financing watchdog tightening the standards on the flow of money. Without naming Pakistan, the FATF said that terrorists use various methods to gain financing, including using […]

    RBI Governor says credit growth is expected to pick up in coming months

    Union Finance Minister Nirmala Sitharaman today held a post-budget meeting with the Central Board of Directors of Reserve Bank of India in New Delhi. Briefing media after the meeting, the Finance Minister said, they are monitoring banks on credit flow to the agriculture sector. She said the merger of banks did not come up for […]

    Govt committed to promote Make in India products, Tribes India, Handlooms & Khadi products: Piyush Goyal

    Commerce and Industry Minister Piyush Goyal and Tribal Affairs Minister Arjun Munda today chaired a multi-stakeholders Workshop on Strategies for Promoting and Marketing of Tribal Products in New Delhi. Speaking on the occasion, Mr Goyal said, the government is committed to promote Make in India products and Tribes India, Handlooms and Khadi products. He sought […]

    Telecom Department withdraws order on no coercive action against telecom companies

    The Telecom Department has withdrawn its order that asked for no coercive action against telecom companies defaulting on statutory dues payment after the Supreme Court on Friday took a strong view of non-compliance with its order. The order also directed field offices to take immediate necessary action in compliance with the October judgment of the […]

    Lending from CRR buffer to get 5-year exemption: RBI

    The Reserve Bank of India has said that the special lending window with Cash Reserve Ratio exemption will be open from 14th of February and incremental loans disbursed under this facility will have CRR exemption for the next five years. The central bank circular issued in Mumbai yesterday said that the window will open for […]