BUSINESS
Top 10 performing Indian banks of 2021
However, Bombay Stock Exchange’s (BSE) Bank index Bankex has underperformed with around 21% gains in comparison to the Sensex which gained by 25.44% in the same time period. Indian Overseas Bank and State Bank of India are the top 2 banking gainers in 2021, so far. Here are the top 10 performing banks in 2021:
Tata Motors gears to 'Punch' in new models
In a conversation with IANS, Shailesh Chandra, President, Passenger Vehicles Business, Tata Motors said: "Demand started growing in June 2021 once the scare of second wave of Covid-19 was over.
Tejas Network set to become India's own Huawei, bags Airtel order for optical network expansion
Tejas Networks on Friday announced that telecom giant Bharti Airtel chose Tejas to expand Airtel’s optical network in key metropolitan cities. In a statement, Airtel said that the tie-up with Tejas networks comes as a part of the 5G roadmap that the telecom giant is planning for India.
IFIN to sell 62 NPA accounts worth Rs 4.3K cr
The sale of NPA would be done under Swiss Challenge with the new board already having received a binding bid. Under this method of bidding, the seller who have already received a bid, publishes the bid and invite third parties to match or better it. The process also allows the entity which submitted the first bid then to match or better the best bid which comes out of the Swiss challenge process.
Asian cues lift indices; realty stocks rise
Besides, higher crude oils and commodity prices provided additional support to the upward trajectory. Sector-wise, realty, auto and bank stocks gained the most whereas power and IT scrips lost the most. At around 10.30 a.m., S&P BSE Sensex traded at 60,142.17 points, higher by 93.70 points or 0.16 per cent from its previous close.
Markets open on positive note; Nifty just short of 18K-mark
Accordingly, the 30-scrip sensitive index traded at 60,302.67 points at 9.25 a.m. after the pre-open session. The Sensex opened at 60,303.7 points from its previous close of 60,048.4 points. Besides, the NSE Nifty50 traded above the 17,900 points-mark.
Diesel price rises for 2nd consecutive day, petrol stable
Accordingly, diesel prices increased by 25 paisa per litre in the national capital to Rs 89.32 per litre on Monday, while petrol prices remained unchanged for the 22nd consecutive day, according to Indian Oil Corporation, the country's largest fuel retailer.
Judima wine becomes first beverage from northeast India to get GI tag
An official of the Assam Agricultural University (AAU) said that the Dimasa tribals prepare the wine from sticky rice and certain herbs.
India's wealth inequality may have grown during pandemic
Accordingly, top 10 per cent of the population has 50 per cent of wealth, top 30 per cent have 80 per cent of wealth while the bottom 50 per cent have less than 10 per cent of the overall wealth suggesting a fairly unequal distribution of wealth.
Yogi hikes purchase price of sugarcane by Rs 25 per quintal
Addressing a meeting of farmers in Lucknow, organised by the BJP's Kisan Morcha, Yogi Adityanath said, "The government has decided that the variety of sugarcane for which Rs 325 per quintal was paid to farmers, that price has been increased to Rs 350, which will be paid to farmers."
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