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State Bank of India (SBI) has overtaken Tata Consultancy Services (TCS) to become India’s fourth-largest listed company by market capitalisation, supported by a sharp post-results rally and improving sentiment around public sector banks.SBI’s market capitalisation now stands at nearly Rs 10.92 lakh crore, ahead of TCS at about Rs 10.52 lakh crore, according to an…
Bank unions across India have announced a nationwide strike on February 12. The All India Bank Employees’ Association (AIBEA), All India Bank Officers Association (AIBOA), and Bank Employees Federation of India (BEFI) have invited their members to participate in the strike, alongside 10 Central Trade Unions (CTUs). The unions are protesting against four new Labour…
NEW DELHI: The ED has issued fresh summonses to Anil Ambani of Reliance group and his wife Tina for next week to appear at its headquarters in Delhi for questioning in connection with its ongoing probe of alleged laundering of Rs 40,000 crore by the industrialist and his entities.The ED has already attached Rs 12,000…
More than Rs 72,000 crore in unclaimed bank deposits, including amounts lying with foreign lenders, have been transferred to a fund maintained by the Reserve Bank of India (RBI), the government told Parliament on Tuesday. The money is held in the Depositor Education and Awareness (DEA) Fund and reflects balances that have remained untouched for…
SBI shares today: State Bank of India’s shares soared to record high on Monday, after the lender turned in its strongest quarterly profit on record for the October–December period of FY26. The stock climbed up to 6.7% to hit Rs 1,137 on the BSE. Last week, SBI reported standalone net profit of Rs 21,028 crore…
MUMBAI: Kotak Bank’s statement that it is not in the race to acquire IDBI Bank would mean that the success of govt’s plan to sell IDBI Bank will depend upon the interest of foreign bidders. Kotak Bank, while never an official contender, was long seen as a potential acquirer given the bank’s high capital adequacy…
Gary Kirsten (File photo) NEW DELHI: Gary Kirsten spent the Sunday afternoon watching Namibia batters practice range-hitting at the Arun Jaitley Cricket Stadium. This is the venue where, in two days’ time, Gerhard Erasmus-led Namibia will open their T20 World Cup campaign against the Netherlands.The Feroz Shah Kotla ground is not new for Kirsten, who…
Royal Challengers Bengaluru’s Grace Harris, right, celebrates with Lauren Bell after taking a wicket. (BCCI via PTI Photo) BENGALURU: There is a quiet certainty about Royal Challengers Bengaluru this season — one forged not in noise, but in belief. As the stakes rise in the Women’s Premier League, Lauren Bell and Gautami Naik spoke of…
MUMBAI: Maharashtra’s first woman deputy CM Sunetra Pawar continues to face legal scrutiny in the Rs 25,000 crore Maharashtra State Co-operative Bank (MSCB) scam, where ED had, in its charge sheet, mentioned her along with Ajit Pawar. The Economic Offences Wing of Mumbai Police granted the couple a clean chit, but ED objected to the…
MUMBAI: IDFC First Bank reported a 48.1% jump in net profit to Rs 503 crore for the third quarter ended December, from Rs 339 crore in the corresponding quarter last year. The increase was helped by higher core income, lower sequential provisions and an improvement in asset quality.The bank’s bottom line improved aided by stronger…
