SBI LUNCH TIME
Little hands at the liquor still: How children were reportedly made to work making and bottling liquor in a factory in MP
A major child labor racket exposed at a liquor distillery in Madhya Pradesh, where over 100 children aged 12-17 were rescued by authorities. The children were allegedly working up to 12 hours a day, handling hazardous chemicals. The company, Som Distilleries, faces accusations of violating child labor laws. Calls for compensation and justice for the victims. Authorities investigating allegations of complicity by officials. Shocking details emerge of burnt, infected hands and underage girls made to wear makeup. Company denies allegations.
Take some money off PSBs & get into 3 largecap private banks; bullish on 4 stocks in auto space: Sanjiv Bhasin
Sanjiv Bhasin advises investing in private banks like HDFC Bank and is optimistic about HDFC, ICICI, and Kotak. Zee Entertainment's merger talks are back on and he is hopeful that after pain, gain is going to be very much on the cards. Auto sector remains strong with top picks being Maruti, Bosch, Ashok Leyland, and Hero Moto.
Go contra as dumb money sells largecap private banks;one realty stock could double & avoid ITC: Sanjiv Bhasin
Sanjiv Bhasin says: Insurance companies, including LIC, SBI Life, ICICI Pru, and HDFC Life, are expected to perform well in the long term. These companies, along with other intermediaries like brokers and AMCs, are set to benefit from changing daily habits and increased technology adoption. the dumb money is now selling the largecap private banks, which were the most sought after and getting into PSUs. So, it is time to be contrarian,
2 auto stocks Sanjiv Bhasin is bullish on for near term
So I think it will continue to be in a little range bound. We have to understand that the pre-provisioning operating profit was above sentiment, but maybe this was a one off. However, like I said, maybe the sheer weight of being such a large heavyweight will keep it under check. And I think today it could be a little bit weak . But if you have a longer term view, then definitely State Bank is one PSU bank where long term money should find its way.
Bull enters SBI branch in Unnao: Harsh Goenka gives stock tips in a meme fest
In a quirky turn of events, a bull calmly entered the State Bank of India's Unnao branch, causing a brief commotion before a security guard intervened. The incident, captured on video and shared online, humorously depicts the bull being told it's lunchtime. The footage quickly gained popularity, with viewers sharing lighthearted comments about the unexpected bank visitor.
How Jet Airways founder Naresh Goyal built a successful airline and then sank it
Naresh Goyal, the founder of Jet Airways, has been arrested by the Enforcement Directorate in connection with a money-laundering case. Goyal, who once led India's largest domestic airline, faced financial problems after acquiring rival Air Sahara in 2007 and making costly mistakes in fleet configuration. Jet Airways ultimately suspended all flights in April 2019 due to a lack of funds. Goyal's arrest marks a significant downfall for a man who was once highly successful in the aviation industry.
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SBI allows even non-SBI account holders to pay via YONO App's UPI, takes Google Pay, Paytm, PhonePe head on
The State Bank of India (SBI) has recently allowed any bank customer to use its YONO app for United Payments Interface (UPI) payments. Simply put, you no longer need to have an SBI bank account to use UPI features on its YONO mobile app. ET Wealth has used the SBI YONO app with a non-SBI account to send money through UPI. Let' see how it works
SBI server down: Why State Bank of India net banking, UPI were down yesterday, bank clarifies
In a statement, SBI apologised to its customers for any inconvenience and assured them that steps are being taken to avoid similar situations in the future.
Why political parties need to rethink freebies
In the Indian context, Prime Minister Narendra Modi has already initiated a discourse that challenges the deeply seeded culture of freebies that is inhibiting India's transformational ability to economically empower its people. State Bank of India analysis shows that the recent promises made by political parties across the board ahead of state elections could add up to as much as 13% of state's own tax revenue (SOTR).
How to apply for a business loan for women
The lender will easily approve you for a low business loan interest rate if you have a solid business plan, proper sales projections, and a strong credit profile.
Midcap banks, non market leaders may get squeezed out: Ajay Bagga
“Midcap banks will face the heat. The lower capitalised companies across segments and the non market leaders across segments will get squeezed out.”
For mutual fund industry, it's back to basics
The more than 18-month-old credit crisis began with IL&FS’ default in late 2018, and has hindered recovery in an economy grappling with slowing economic growth.
ICICI Bank could be a better pick than Bajaj Finance now: Girish Pai, Nirmal Bang
Girish Pai, Head of Research, Nirmal Bang Institutional Equities, says ICICI Bank is a value financial pick right now. Since Bajaj Finance is trading at very high multiples, I would be far more comfortable investing in ICICI Bank. It could be one of the best performers in FY21.
SBI likely to remain operational on 2-day strike
All India Bank Employees Association and Bank Employees Federation of India have called the strike among the banking unions.
Arun Jaitley rejects Vijay Mallya's claim, says never met him
Arun Jaitley said he had never given Mallya any appointment to meet him since 2014 and "the question of his having met me does not arise".
ICICI Bank issue: Dhoot says personal ties do not always result in criminal acts
Reports have alleged quid pro quo between Videocon Group and the bank's CEO Chanda Kochhar as well as her family members with respect to extending a loan worth Rs 3,250 crore, an issue that has snowballed into a controversy.
Bank charges are fine, but don’t dupe
SBI earned Rs 1,771 crore between April and Nov last year as penalty for not maintaining minimum balance.
Banks levy numerous fees on customers for services. Is it cost cover or easy money?
In the battle for fees, banks should realise that maximising profits is a short-term game and a fair game could sow the seeds of long-term profits.
Radhakishan Damani: His journey from Dalal Street punter, to long-term investor, to entrepreneur
Few imagined that Damani would emerge as one of India's most successful stock investors, seed-fund a retail chain and take it public too.
Banning notes will not curb black money, says think tank that called for demonetisation
Arthakranti Prathishthan, credited with giving the Prime Minister the idea of demonetisation, says the implementation should have been better.
Indelible ink fails to leave its mark on bankers
Bankers, without saying it aloud, were not happy with the new directive since applying the ink constituted an added burden when they are overworked.
Madrid mudra - Sergio Ramos's Indian connection
Ramos and his girlfriend Pilar Rubio took yoga lessons from Niharika Tugnait, who has now become their family friend.
Bullish on equities, increase allocation for next 2 years: Nirmal Jain, IIFL Group
"Good returns will be made in equities in the next two-three years primarily because real estate will find it difficult to give good returns."
Some of the most influential Dalal Street investors you’ve never heard about
Their long association and huge cache of shares make them very influential on D-Street as promoters dread their unwavering gaze.
How corrupt banking system creates a mountain of bad loans & makes recovery process complicated
There has been a clamour for pumping more money into the banking system, especially the PSBs, to relieve them off their bad loan woes.
What is the cost of free or additional insurance? Find out
Don't be lured into buying products just because they come with free or additional insurance. Find out if they suit your requirements.
24X7 Class: M-learning catches on as corporates catch employees on the move
At Wipro Technologies, groups of employees will receive training modules in audio and video clips on their phones, which they can access anytime.
I am the least-paid Fortune 500 CEO: SBI Chairman
O P Bhatt drew Rs 27 lakh last FY, while Fortune 500 CEOs earn over Rs 47 cr on an average.
Employers get health conscious, offer staff food options
Apart from IT, BPO and manufacturing, sectors like banking and finance, hospitality and FMCG are also getting health conscious and offering their employees food options.
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