Rupee Co-operative Bank gets extension from RBI

Reserve Bank of India could not effect merger of the bank, the bank will file reconstruction or revival proposal with Reserve Bank on getting its principal approval for the same….

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ABB Power Products Q3 results: revenue falls 6.9% to Rs 1,044 crore

While the Covid-19 pandemic impacted revenues, it is yet to see its topline revenues fully recover. The company caters to the power segment and demand tends to be cyclical….

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Gold Bond Scheme 2020-21 to be issued at Rs 4,662 per gram from March 1-5

The new series of Sovereign Gold Bonds 2020-21 will be opened for the period March 1-5, 2021 …

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Biggest bitcoin fund sinks to record discount as mania cools

The $31.6 billion Grayscale Bitcoin Trust (ticker GBTC) plunged 22 per cent this week, outpacing a 17 per cent decline in the world’s largest cryptocurrency. …

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Bitcoin slides in worst weekly drop since March amid selloff

The digital token slumped 20 per cent this week, the most since the pandemic-fueled selloff last March. The wider Bloomberg Galaxy Crypto Index, tracking Bitcoin, Ether and three other cryptocurrencies, was down 23 per cent for the same period….

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Which financial ratios tell you best about the health of a bank

Before jumping in to understand how to analyze bank stocks, one needs to understand the business model of banks and how they make money. Banks basically make money through a combination of spread income and fee income….

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Sebi slaps Rs 80 lakh fine on 8 entities for fraudulent trading activities

An investigation was conducted by the regulator into the scrip of PMC Fincorp Ltd (PMC) for the period from March 29, 2012 to March 31, 2015….

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US SEC suspends trading in 15 securities due to ‘questionable’ social media activity

The Securities and Exchange Commission acted because none of the companies have filed any information with the regulator for over a year, it said in a statement….

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Why are Fed assurance, talk of new stimulus failing to halt stocks rout

Inflation can be looked at like a burning flame, as long as the flame is low, there is no harm but on a higher flame, there could be a risk of getting burnt….

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Why are Fed assurance, talk of new stimulus failing to halt stocks route

Inflation can be looked at like a burning flame, as long as the flame is low, there is no harm but on a higher flame, there could be a risk of getting burnt….

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‘Dude, Get Back to Your Desk’: The Week That Roiled Bond Markets

With a ferocity that caught nearly everyone off guard, one of the most vital numbers in global finance — the yield on 10-year Treasuries — spiked back to where it’d been before the pandemic caused markets to go nuts 12 months ago….

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Buffett’s right-hand man says US stock market is overvalued

Billionaire Charlie Munger is a vice chairman at Buffett’s Berkshire Hathaway conglomerate. He typically sits alongside Buffett to field questions at Berkshire’s annual meetings in Omaha, Nebraska, each spring….

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NYSE begins move to delist Chinese state oil producer CNOOC

Prohibitions on CNOOC will take effect on March 9, 60 days after the company was added to the list that prohibits U.S. investments, according to a guidance issued by the Treasury Department on Jan. 27….

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Robinhood to plan confidential IPO filing as soon as March

The company has held talks in the past week with underwriters about moving forward with a filing within weeks, said the people, who asked to not be identified because the matter isn’t public….

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Oil prices decline as dollar firms up; gold hits eight-month low

Spot gold was trading at 1,729.20 an ounce, down 2.39 per cent, in international market at 9 pm IST – the lowest since June 26 at $1,755.45 …

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Oil drops on dollar strength and OPEC+ supply expectations

Brent crude futures for April, which expire on Friday, fell 69 cents, or 1%, to $66.19 a barrel by 1442 GMT. The more actively traded May contract slipped by 80 cents to $65.31….

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Bots hyped up GameStop on major social media platforms, analysis finds

PiiQ Media’s analysis of Twitter Inc, Facebook Inc, Instagram and YouTube posts, however, found that bots used the platforms to push GameStop and other “meme” stocks, although it is unclear how influential they were in the overall saga….

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GameStop shares on track to triple for week as options trading spikes

GameStop shares hovered around $105 in late-morning trading, off 3%, but are up nearly 200% for the week to date despite a broader market selloff that has erased nearly all the gains in the Nasdaq Composite Index for the month….

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InVITs, REITs can conduct unitholders’ annual meetings through video conference till Dec

For annual meeting of unitholders to be conducted during calendar year 2021, the facility of Video Conferencing (VC) and Other Audio-Visual Means (OAVM) will be available till December 31, 2021, Sebi said in a circular on Friday….

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Sebi bans Indira Trading Company, 7 individuals

According to an order, Indira Trading Company and individuals were providing investment advisory services and research analyst services without obtaining registration from the regulator….

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DLF plans to raise up to Rs 395 cr via issue of debentures

In a regulatory filing, the company informed that the proposal will be discussed on March 3 at a meeting of the finance committee of the board of directors….

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Sovereign gold bond issue price fixed at Rs 4,662 per gram

Sovereign Gold Bonds 2020-21 (Series XII) will be open for subscription from March 1 to 5, 2021….

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BSE bulk deals: ICICI Bank offloads shares of Gammon Infra

ICICI Bank sold 8,283,072 shares of Gammon Infrastructure, of which 5,000,000 were bought by Geeta Chetan Shah….

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Will the 2021 earnings bonanza really happen?

According to Bloomberg Intelligence, analysts expect a whopping 23.2% increase in earnings per share among S&P 500 companies, up from 22.3% at the start of the year. …

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Fed’s Powell might be patient but markets aren’t, challenging new Fed policy

Short-dated rates signal a Fed hike coming in around two years. Yields on intermediate to long-dated maturities are surging — suggesting a rapid reflation that spurs the Fed to pull back on stimulus….

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