SBI – The News Desk

Stocks to Watch: SBI, Bata India, PB Fintech, ZEE, Sun Pharma, Lupin, and Others

22Dec

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Business

Stocks to Watch: SBI, Bata India, PB Fintech, ZEE, Sun Pharma, Lupin, and Others

Last Updated: December 18, 2023, 08:55 ISTStocks To Watch on December 18: GIFT Nifty on the NSE IX traded 66.5 points, or 0.31 per cent, lower at 21,485, signaling that Dalal Street was headed for negative start on Monday. Here’s a slew of stocks that will be in focus today for various reasons.Sun Pharma, Lupin: The two pharma majors are recalling products in the US market over manufacturing issues, as per the US Food and Drug Administration (USFDA). Sun Pharma is recalling 96,192 bottles of Liothyronine Sodium Tablets, while Lupin is also recalling an unspecified number of penicillamine tablets in the US.SBI: The largest lender in India has slowed unsecured retail loans as it will focus on ‘healthy’ growth, even if overall loan growth is expected to stay robust at 15 per cent in FY24, am...

Sensex off day’s high; Honasa up 20% on strong Q2 show

23Nov

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Business

Sensex off day’s high; Honasa up 20% on strong Q2 show

Stock Market Updates LIVE, November 23, 2023: Equity benchmark indices started Thursday's trading session on a cautious note, amid mixed global cues and the weekly Nifty options expiry later today. The S&P BSE Sensex quoted with a gain of 100-odd points around 66,110. The NSE Nifty50 was seen testing the 19,850 level. Asain Paints, up 1 per cent, was the top mover among the Sensex 30 shares followed by Wipro, Nestle India, JSW Steel and Bajaj Finserv. On the flip side, UltraTech Cement and Sun Pharma were marginally in red. In the broader market, the BSE MidCap index advanced 0.4 per cent, while the SmallCap added 0.6 per cent. Overnight, the US market ended higher on hopes that the Fed may be done with rate hikes after data data...

Stocks to Watch: Tata Steel, Honasa Consumer, IndiGo, Infosys, SBI, Welspun, and Others

23Nov

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Business

Stocks to Watch: Tata Steel, Honasa Consumer, IndiGo, Infosys, SBI, Welspun, and Others

Last Updated: November 23, 2023, 09:04 ISTStocks To Watch on November 23Stocks to watch: Shares of firms like Tata Steel, Honasa Consumer, IndiGo, Infosys, SBI, Welspun, and others will be in focus on Thursday's trade.Stocks To Watch On November 23: GIFT Nifty on the NSE IX traded 12.5 points, or 0.06 per cent, lower at 19,885.5, signaling that Dalal Street was headed for muted start on Thursday. Here’s a slew of stocks that will be in focus today for various reasons.Tata Steel: The Tata Steel board has approved the allotment of 7.58 crore shares to eligible shareholders of Tata Steel Long Products Limited.Welspun Corp: Welspun Corp announced investment worth Rs 479 crore in a manufacturing unit in Odisha.Honasa Consumer: The Mamaearth parent firm reported a in net profit to Rs 29.40 cror...

ICICI Bank recovers Rs 366 crore from troubled builder JP Associates

14Nov

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Business

ICICI Bank recovers Rs 366 crore from troubled builder JP Associates

In a bid to reduce its debt burden, troubled builder Jaiprakash Associates has entered into an agreement with ICICI Bank to transfer 18.9 crore shares to the lender, which were pledged with the bank. This will result in the recovery of around Rs 366 crore for the bank, considering the last closing price of its shares. “…with a view to give thrust to the ongoing efforts of the Company to reduce its debt, the Company, along with Trusts holding 18,93,16,992 Equity shares of the Company, have entered into a Settlement Agreement with ICICI Bank (Lender) to transfer the said shares to Lender,” JP said in a filing to the exchanges. “The value/consideration of the said shares shall be arrived at based on the closing price at the National Stock Exchange of India Limited on the...

SmallCaps outperform; Bajaj Hind, Apollo Micro zoom 10%

6Nov

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SmallCaps outperform; Bajaj Hind, Apollo Micro zoom 10%

Stock market LIVE updates: Th rebound in global equities entered third day Monday as last Friday's lower-than-expected jobs data in the US reignited hopes that the Fed will abstain from hiking rates going ahead.The S&P BSE Sensex was up over 300 points around 64,700 levels. The Nifty50, on the other hand,was up 100-odd points at 19,333. Eicher Motors, Axis Bank, L&T, Grasim, Hero MotoCotp, Coal India, Hindalco, Adani Enterprises, NTPC, Bajaj Finance, and JSW Steel marched ahead with the most gains, rising between 1 per cent and 2 per cent. In the broader markets, meanwhile, the BSE MidCap and SmallCap added 0.61 per cent and 0.99 per cent, respectively. Among sectors, the Nifty Realty index clocked gains of 1.5 per cent, followed by the Nifty Met...

30Oct

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Business

SBI ropes in Dhoni as brand ambassador

MUMBAI: The SBI has taken on board cricketing legend Mahendra Singh Dhoni as the bank's official brand ambassador.As brand ambassador, Dhoni will be pivotal in various marketing and promotional campaigns. "His remarkable capacity to maintain composure in stressful situations and his renowned ability for clear thinking and rapid decision-making under duress make him the ideal choice that resonates with SBI to connect with its customers and stakeholders across the country," said Dinesh Khara, chairman of SBI."Dhoni's association with SBI as a satisfied customer makes him a perfect embodiment of our brand's ethos. With this partnership, we aim to reinforce our commitment to serving the nation and our customers with trust, integrity, and unwavering dedication," added Khara.!(function(f, b, e,...

29Oct

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State Bank of India ropes in MS Dhoni as brand ambassador

NEW DELHI: The country's largest lender State Bank of India (SBI) on Sunday announced its collaboration with cricketing legend Mahendra Singh Dhoni as its official brand ambassador.As the brand ambassador of SBI, Dhoni will play a pivotal role in various marketing and promotional campaigns, the bank said in a statement.His remarkable capacity to maintain composure in stressful situations and his renowned ability for clear thinking and rapid decision-making under duress makes him the ideal choice that resonates with SBI to connect with its customers and stakeholders across the country, it added.This association symbolises the bank's commitment to forging deeper connections with its customers, reflecting the values of reliability and leadership, it said.SBI Chairman Dinesh Khara said, "Dhon...

Expect status quo by RBI in October policy meeting: SBI Research

25Sep

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Expect status quo by RBI in October policy meeting: SBI Research

NEW DELHI: The monetary policy committee of the Reserve Bank of India (RBI) is expected to yet again pause the key repo rate at its next bi-monthly review scheduled in the first week of October, according to SBI Research.The meeting is scheduled for October 4-6. RBI typically conducts six bi-monthly meetings in a financial year, where it decides interest rates, money supply, inflation outlook, and various macroeconomic indicators."Domestically, we believe at 6.50%, we are in for a prolonged pause as seasonality of inflation is tapering first...," SBI Research report, authored by Soumya Kanti Ghosh, Group Chief Economic Adviser, said."We believe the (RBI's) stance should continue to be withdrawal of accommodation as inflation is unlikely to tread below 5 per cent in rest of 2023-24."On gro...

SBI successfully raises Rs 10,000 crores via infrastructure bonds

22Sep

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SBI successfully raises Rs 10,000 crores via infrastructure bonds

MUMBAI: The State Bank of India (SBI), the country's largest lender, achieved a milestone by raising Rs 10,000 crores through its fourth infrastructure bond issuance, garnering an enthusiastic response from investors.The bonds were issued at a coupon rate of 7.49 per cent, further establishing SBI's strong position in the market, the SBI said in a release.The offering attracted a substantial response from investors, with total bids amounting to Rs 21,045.10 crores, significantly oversubscribing the base issue size of Rs 4,000 crores.The response showcased the diversity of investors, including provident funds, pension funds, insurance companies, mutual funds, and corporates, among others.The funds raised through this issuance will be directed towards bolstering long-term resources for fund...

NRIs Can Now Open SBI Account Via YONO App; Check Details Here

19Sep

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NRIs Can Now Open SBI Account Via YONO App; Check Details Here

The country’s largest lender has introduced a digital option for both savings and current accounts. (Representative image)SBI customers may track the status of their applications in real-time, keeping them updated at all times.The State Bank of India (SBI) has launched a new digital service allowing Non-Resident Indians (NRIs) to open Non-Resident External (NRE) and Non-Resident Ordinary (NRO) accounts with ease using SBI’s YONO banking app. The country’s largest lender has introduced a digital option for both savings and current accounts. This service is intended for NTB or “new to bank” users, making the account opening procedure easier and more efficient.This facility will address a long-standing demand from NRI clients seeking an easy approach to opening and managing accounts in India...