Bank will also cut deposit rates by 25 bps effective Oct 5
Posts in category Business Standard
PepperTap raises $36 mn from Snapdeal, Sequoia, SAIF Partners and others (29-09-2015)
Company in talks to raise another $20 mn in the next few weeks
Paytm to invest $150-200 million in start-ups (29-09-2015)
Will look at one large investment of $100 million, though the sweet spot would be $10-15 million ticket size
Rate-sensitive stocks rebound; Maruti Suzuki hits record high (29-09-2015)
HDIL, Indiabulls Real Estate, IndusInd Bank, BOI, M&M and Maruti Suzuki were up more than 3% each on the NSE.
Sensex reclaims 26,000; Nifty tops 7,900 (29-09-2015)
Financials were the top gainers along with index heavyweights
Tree House Education hits 52-week low (29-09-2015)
The stock was down 9% to Rs 298, extending its previous day’s 5% decline on the BSE.
‘My name is Raghuram Rajan and I do what I do’ (29-09-2015)
The RBI Governor’s response comes after he cut interest rate by 0.50% and amid comments that he is being Santa Claus in cutting interest rate by more than expected
Jaitley says Central bank action will spur investment, growth (29-09-2015)
The RBI cut 50 basis points its repurchase rate on short-term borrowings, to 6.75 %
Sensex up over 150 points; Nifty tops 7,850 (29-09-2015)
Markets extended gains in noon trades after the surprise rate cut by the RBI led by HDFC twins
GM Breweries hits new lifetime high; zooms over 200% in three-months (29-09-2015)
The stock soared 254% from Rs 138 to Rs 488 as compared to 7% decline in the CNX Nifty.