"This is a strong case that the banks have made and therefore, I do believe that it's a case which merits the government seriously looking into it," Mr Jaitley told a news conference after a meeting with bankers.
Friday, June 12, 2015
You are here:HomeBanking & Financial Services Arun Jaitley Says Sees Merit in PSU Banks' Demand for More Capital
"This is a strong case that the banks have made and therefore, I do believe that it's a case which merits the government seriously looking into it," Mr Jaitley told a news conference after a meeting with bankers.
Now, IndiGo Launches Flash Sale, Fares Start at Rs 1727
The travel period for the IndiGo offer is between July 1, 2015 and September 30, 2015.
This offer is the latest in a slew of offers that airlines have been offering customers, in a bid to fight for market share in a very competitive market.
Live: Sensex Up 50 Points as Banking Stocks Gain
Sharemasterindia.com 3:20 p.m.: IT stocks showcase partial recovery. CNX IT index which fell as much as 2.5 per cent is down 1.2 per cent.
3:15 p.m.: Nifty 8,200 call option is the most active contract in the derivative segment on the National Stock Exchange. 3.48 lakh shares added to the open interest.
3:10 p.m.: Nifty is in a tight range and weekly closing above 7,905 is crucial for a pullback to happen in the markets, says Ashu Bagri deputy head-technical analyst with SBICap Securities.
3:15 p.m.: Nifty 8,200 call option is the most active contract in the derivative segment on the National Stock Exchange. 3.48 lakh shares added to the open interest.
3:10 p.m.: Nifty is in a tight range and weekly closing above 7,905 is crucial for a pullback to happen in the markets, says Ashu Bagri deputy head-technical analyst with SBICap Securities.
Nifty Gainers/ Losers
Nifty Gainers/ Losers
Do visit for: NSE Top Gainers & Losers
| Gainers | |||
| Symbol | LTP | % chng | Volume |
| TATAPOWER BAJAJ-AUTO ICICIBANK KOTAKBANK HDFC | 73.00 2,280.05 296.20 1,311.95 1,192.20 | 4.29 3.00 2.67 2.42 2.40 | 49,27,382 5,73,371 1,88,45,411 7,88,345 21,78,681 |
| Losers | |||
| Symbol | LTP | % chng | Volume |
| HINDALCO NMDC VEDL TCS TATAMOTORS | 116.30 115.35 183.60 2,516.00 422.30 | -2.43 -2.37 -2.34 -2.15 -1.84 | 54,10,769 14,26,603 39,29,428 12,83,377 1,08,51,444 |
Do visit for: NSE Top Gainers & Losers
Government's Push to Offer Banking for All Stumbles on Empty Accounts
Mumbai/New Delhi(Sharemasterindia.com): More than half of
a record 160 million accounts opened in India as part of a drive to
offer banking to all are still empty, illustrating the massive task
ahead for one of the government's most high-profile campaigns and the
strain on banks.
Prime Minister Narendra Modi launched a scheme last August to end 'financial untouchability', an ambitious project to enable tens of millions to have access to a bank. The scheme offers free insurance and even an overdraft facility and aims to eventually help deliver all subsidies and other social benefits to the poor directly.
But while millions signed up - the volume of accounts made a Guinness World Record and PM Modi hit his target - 53 per cent of these accounts have never been used as of June 3, records show.
Prime Minister Narendra Modi launched a scheme last August to end 'financial untouchability', an ambitious project to enable tens of millions to have access to a bank. The scheme offers free insurance and even an overdraft facility and aims to eventually help deliver all subsidies and other social benefits to the poor directly.
But while millions signed up - the volume of accounts made a Guinness World Record and PM Modi hit his target - 53 per cent of these accounts have never been used as of June 3, records show.
ABG Shipyard Surges 12% on Stake Sale Reports
Sharemasterindia.com: ABG Shipyard shares surged nearly 12 per cent to hit intraday high of Rs
186.70 after the company clarified that it is in talks with Germany
based Privinvest to sell its stake.
ABG Shipyard clarified that it received an expression of interest from Privinvest which owns shipyards such as Nobiskrug Gmbh, Germany, Hellenic Shipyards S. A. Greece, CMN, France, Adm Kiel Shipyards, Germany and Logistics International Sal Adm Shipyards, UAE.
ABG Shipyard clarified that it received an expression of interest from Privinvest which owns shipyards such as Nobiskrug Gmbh, Germany, Hellenic Shipyards S. A. Greece, CMN, France, Adm Kiel Shipyards, Germany and Logistics International Sal Adm Shipyards, UAE.
Tata Motors Hits 52-Week Low as JLR May Sales Decline
Tata Motors said that retail sales of its luxury car brand Jaguar-Land Rover declined 2.1 per cent to 38,000 units in the month of May. Sales of Jaguar fell 13 per cent year on year while Land Rover sales were flat. Meanwhile, Land Rover's Evoque sales in China showed a slow ramp up.
Live: Sensex Slips Over 50 Points, Nifty Below 7,950
Sharemasterindia.com 9:18 a.m.: The Sensex and Nifty have opened lower on the back of selling in auto, metal, banking and power stocks. The Sensex slipped 63 points to 26,307 and the Nifty fell 24 points to 7,940.
From the Nifty-50 basket of stocks, 33 stocks were declining while 17 were advancing.
9:00 a.m.: Rupee opens flat at 63.96/dollar against Thursday's close of 63.97.
Today's Sure Shot Stock Tips (Dated: 12-06-2015)
Today's Sure Shot Stock Tips (Dated: 12-06-2015)
KOTAKBANK @ 1273
Buy KOTAKBANK above 1273 with strict stoploss below 1264 for Intraday Targets 1280/1287.
Read More:Indian Stock Tips
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