In case of delay, states will need to release the same amount with interest as per the effective rate of interest on market borrowings or state department loans for the previous year. The basic grants are untied and can be used by local bodies for location-specific needs, except for salary or other expenditure

SBI Cards IPO: SBI Cards stock is not expected to list with gains, considering the current weak market conditions, say experts

Currently, SBI customers have to maintain Average Monthly Balance (AMB) of Rs 3,000, Rs 2,000 and Rs 1,000 in metro, semi urban and rural areas, respectively

The stock price of lender has risen 0.35% in a week. However, it has declined 28% in a month, 16% in the year 2020 and 80% in one year's period. The market capitalisation of the micro-cap stock currently stands at Rs 483 crore.

As per IPO's tentative dates, the electronic credit of allotted shares to successful applicants in their Demat accounts will be done by March 13, 2020. The initiation of refund for investors who are not allotted shares will be done on March 12, 2020

Prince Pipes IPO: Prince Pipes is coming up with its maiden IPO, through which it plans to raise Rs 500 crore that consists of a fresh issue and offer for sale of Rs 250 crore each

As the Indian economy hurtles down a path of breathless economic expansion, there is a fundamental shift taking place in the way companies look at energy. However, impending energy drought is affecting their growth.

When the Wall Street was breached, the Indian bourses had to battle a tsunami. Succumbing to panic, institutional and retail investors frantically pulled out money from the stock market and mutual fund schemes.