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SBI Q4 results: Shares rise nearly 3% in volatile trade

by pallanus | Jun 5, 2020 | Business News

The bank is expected to report a healthy March quarter profit as the recent SBI Card IPO is likely to cushion the bank’s NPAs to some extent. While March quarterly results are expected to be healthy for SBI, it has started off the current fiscal on a rough note due to...

Sensex rises over 300 points, Nifty above 10,100; RIL hits new high

by pallanus | Jun 5, 2020 | Business News

Domestic markets opened on a positive note on Friday as both benchmark indices were trading in the green, in line with positive global cues. At 9:30 am, BSE Sensex was up 335.12 points or almost 1 per cent at 34,315.12, while NSE Nifty was trading 0.88 per cent higher...

Asia’s stock rally pause ahead of US jobs data, euro at one and a half month top

by pallanus | Jun 5, 2020 | Business News

Asian stocks were poised for their biggest weekly rise in over eight years while the euro hovered near a 1-1/2 month high as Europe’s central bank surprised with more stimulus, fuelling hopes for a global rebound. The equities rally prompted investors to take winnings...

Abu Dhabi-based Mubadala to invest over 9,000 crore in RIL’s Jio Platforms

by pallanus | Jun 5, 2020 | Business News

As part of the fresh deal, Mubadala will own 1.85 per cent equity stake in Jio Platforms, which is the digital wing of Reliance’s business. Abu Dhabi-based Mubadala has become the latest company to invest in Jio Platforms. (Photo: Reuters) HIGHLIGHTS Mubadala becomes...
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