Stock market ends in green in a volatile session
At close, the Sensex was up 301.93 points or 0.36% at 83,878.17, and the Nifty was up 106.95 points or 0.42% at 25,790.25.
At close, the Sensex was up 301.93 points or 0.36% at 83,878.17, and the Nifty was up 106.95 points or 0.42% at 25,790.25.
In a latest development in the PMLA case involving industrialist Anil Ambani, former Yes Bank CEO Rana Kapoor on Monday joined the Enforcement Directorate’s (ED) investigation. Kapoor appeared at the ED headquarters in New Delhi for questioning.
Reliance Infrastructure Ltd on Monday announced that it has fully settled a loan of approximately Rs 273 crore, including interest, owed by its wholly owned subsidiary, JR Toll Road Pvt Ltd (JRTR), to Yes Bank.
The extension comes as the Mumbai-based bank has launched the search for a new CEO and is engaging with global recruitment firms.
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 29,60,000 on Yes Bank Limited for non-compliance with certain directions issued by the apex court on ‘Financial Statements Presentation and Disclosures'.
At a sale price of Rs 21.5 per share, SBI will earn 115% on its investment and so will other lenders including HDFC Bank (2.75% stake, down from 10% originally), ICICI Bank (2.39%, down from 10% originally), Kotak Mahindra Bank (1.21%) and Axis Bank (1.01%).
The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with YES BANK to bolster India’s startup ecosystem.
Highlighting the recent development, the Paymt said that the National Payments Corporation of India (NPCI) has granted approval to One97 Communications Limited (OCL) to participate in UPI as a Third-Party Application Provider (TPAP) under multi-bank model.
The apex court also questioned why the Enforcement Directorate (ED) is taking so long to investigate the YES Bank scam pertaining to Rs 3,642-crore.
Stating that the case has ‘rocked the entire banking system’, the Supreme Court on Friday rejected the bail plea of…
