Bharti Airtel surges 4 per cent after Q3 net profit rises 54 per cent to Rs 2,442 crore
February 06, 2024 12:08 ISTThe stock climbed 3.78 per cent to Rs 1,155.95 on the BSE and by 3.82 per cent to Rs 1,156.10 on the NSE.
The stock climbed 3.78 per cent to Rs 1,155.95 on the BSE and by 3.82 per cent to Rs 1,156.10 on the NSE.
The stock plummeted by over 42 per cent over the past three days, resulting in a loss of Rs 20,471.25 crore in market valuation.
The BSE benchmark fell by 354.21 points in the previous trading session, and the Nifty declined by 82.10 points.
Samsung continued to lead with a 23 per cent market share, followed by Vivo at 15 per cent and OnePlus at 13 per cent in the 5G smartphone segment.
If HDFC Bank fails to complete the acquisition within the timeframe of one year, the approval will be revoked.
Paytm is actively collaborating with other banks to implement necessary changes in the backend for the continuity of its services.
The development comes amid speculations over the company’s operations following Reserve Bank of India’s action against its associate Paytm Payments Bank. The Payments bank was asked to stop key operations from March 1 due to non-compliance.
The Food Corporation of India will provide 5 lakh tonne of rice to two cooperatives the National Agricultural Cooperative Marketing Federation of India Ltd and National Cooperative Consumers' Federation of India as well as retail chain Kendriya Bhandar in the first phase.
Funds have been allocated for the establishment of an International Ramayana and Vedic Research Institute in Ayodhya.
The central bank's directive restricts Paytm Payments Bank from accepting deposits or top-ups after February 29.
The BSE Sensex fell 24.99 points to 0.03 per cent while the Nifty showed no change and stood at 21,853.80.
Byju's founders and family members had pledged their house to pay employee salaries as the company continues to face a liquidity crunch.
The RBI had raised concerns about the creation of several accounts at Paytm Payments Bank without proper identification, suspecting potential money laundering activities.
Paytm Payments Bank: The central bank has ordered Paytm Payments Bank Ltd to halt most of its business including taking further deposits, conducting credit transactions and carrying out top-ups on any customer accounts, prepaid instruments, wallets, and cards for paying road tolls after Feb 29
The direction follows persistent non-compliances and continued material supervisory concerns, the central bank said in a statement.
Paytm Payments Bank: Sources said RBI in 2021 detected serious KYC Anti Money Laundering violations and the bank was directed to address these deficiencies. However, they continued to persist. The compliances submitted by the bank were found to be incomplete and false on many occasions.
Finance Minister Nirmala Sitharaman highlighted the doubling of the GST taxpayer base and monthly revenues since its launch in her budget speech.
The company recorded a quarterly revenue of USD 119.6 billion, a 2 per cent year-over-year increase.
The RBI imposed restrictions, prohibiting the bank from accepting new deposits or conducting credit transactions after February 29.
The surge in the Sensex and Nifty can be attributed to robust global cues and positive budgetary announcements.
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