Payments Banks are mandated to invest a minimum of 75 per cent of their deposits in government securities where returns are abysmally low

The company will raise raise $2 billion through qualified institutions placement or private offerings of equity shares, compulsory convertible debentures. It will raise another $1 billion via Foreign Currency Convertible Bonds or other similar security denominated in foreign currencies

FPIs had invested a net sum of Rs 16,037.6 crore in October and Rs 6,557.8 crore in September

The move comes following a review of investment avenues available for clearing corporations and based on the feedback received from various stakeholders

Hopes have been raised after the government deferred upcoming spectrum payments for the next two financial years until March 2022

'Not a recession yet': FM Sitharaman calms nerves on economic slowdownIn her address to Rajya Sabha on Wednesday, Finance Minister Nirmala Sitharaman agreed economy has lost steam, but maintained that matters have not descended into a recession yet. She further said that there would never be a recession in the country. \"If you are looking at the economy with a discerning view, you see that growth may have come down but it is not a recession yet, it will not be a recession ever,\"...

Stocks in the news: YES Bank, DHFL, Ashok Leyland, Indian Overseas Bank, Ujjivan Financial Service, HT Media among others are the top stocks to be in focus on Thursday's trading session

The Reserve Bank of India (RBI) in its various measures to encourage retail participation has extended access to primary auctions to SDLs

Sitharaman introduced the Bill just before the proceedings in the Lok Sabha were adjourned for the day following opposition uproar over political developments in Maharashtra

Benchmark BSE S&P Sensex surged 530 points to hit a fresh closing high of 40,889.23, while NSE Nifty50 soared 164 points higher to end Monday's trade at 12,079

Why the Sensex is on fire even as the economy hurtles downhill

As per NHB guidelines, DHFL has invested close to Rs 700 crore in SLR securities, which are mainly bonds of state electricity distribution companies

Under co-founder and ex-CEO Adam Neumann, WeWork had become bloated, was diversifying into all kinds of areas - including setting up a school and running apartment buildings - and was expanding at a breakneck speed without any clear route to profitability

After the Cabinet meeting here, Finance Minister Nirmala Sitharaman said the decision has been taken to bring the bill to replace the ordinance

The Reserve Bank of India said that it also intends to soon initiate the resolution of DHFL under the newly approved Insolvency and Bankruptcy Rules for financial services providers

The Company Law committee constituted by the ministry of corporate affairs in September this year has also recommended amending 46 penal provisions under the Companies Act to either remove criminality or to restrict the punishment to only fine in case of certain defaults committed by companies

While the basic character of the insolvency law for FSPs will remain the same, respective regulators will have a significant say in the overall process including the final approval of the resolution process

Boosted by the development, SBI share price gained as much as 5.27 per cent to touch an intraday high of Rs 322 apiece against previous close level of Rs 306.10

Mutual fund investors must stick to disciplined and systematic investing to do well in the coming year.