Heritage walk explores yesteryear iconic buildings on Mount Road

Can you imagine Mount Road (now Anna Salai) filled with red old majestic buildings, garden houses and huge banyan trees on either sides? Well, that was how it was decades ago. Travelling back in time, architect and co-founder of Madras Inherited, Tahaer Zoyab takes history and architecture enthusiasts on “Time Travel through Mount Road”, a heritage walk. Continue Reading

7 of top-10 firms add Rs 76,998 cr in market capitalisation

The combined market capitalisation of seven of the 10 most valued Indian firms advanced by Rs 76,998.4 crore last week, with TCS leading the chart. Reliance Industries Limited (RIL), HUL, HDFC, ITC, ICICI Bank and SBI were the other firms which witnessed a jump in their market valuation Continue Reading

IAG to sell 26% stake in SBI General Insurance

Public sector lender SBI said its joint venture partner IAG will sell entire 26 per cent stake in its subsidiary SBI General Insurance to Napean Opportunities and WP Honey Wheat lnvestment Ltd for an undisclosed amount. Continue Reading

NT compiles a list of major financial crimes that shocked India

Ever since Punjab and Maharashtra Cooperative Bank (PMC Bank) crisis unfolded, citizens across India are worried by the mounting financial stumbles that have plagued our nation as our economy continues to stumble downward. In this article, News Today compiles a list of major white-collar crimes that rocked our country. Continue Reading

Eight firms spike over Rs 77,000 crores in market valuation last week

Eight of the 10 most valued domestic companies together added Rs 77,222.53 crore in market valuation last week, propelled by sharp gains in HDFC twins and ITC. Continue Reading

SBI mulls NCLT route to recover loans from ailing Jet Airways

To recover its loans from Jet Airways, state-run lender SBI is mulling moving National Company Law Tribunal as it feels the airline is running out of funds for operations, even as shareholders of the debt-laden carrier have approved a debt rejig plan, officials said. Continue Reading

RBI rate hike a ‘win-win’ situation for markets, banks: SBI report

The Reserve Bank of India’s (RBI) decision to raise the repo rate by 25 basis points (bps) to 6.50 per cent is a ‘win-win’ situation for both markets and the banks as inflation is expected to rapidly decelerate to sub-five per cent in coming months, suggests the report from the Economic Research Department of State Bank of India (SBI). Continue Reading