Saturday, March 14
Mumbai: State Bank of India surged more than 7% on Monday - its biggest single-day gain in 19 months - after the country's largest lender posted stronger-than-expected December quarter results, prompting a spate of price target upgrades by analysts and a rush of bullish positions in its stock futures. Analysts said the bank's relative outperformance versus private-sector peers and the build-up in derivatives positions point to further upside. SBI shares rose 7.6% to ₹1,148, topping the Nifty gainers' list, while the benchmark index advanced 0.7%. Monday's advance is the highest in a day since June 2024. "SBI reported strong loan book growth of 15.6%, outpacing HDFC Bank and ICICI Bank, and raised its FY26 credit growth guidance to 13-15% from 12-14%," said Yuvraj Choudhary, research anal
Kolkata | Mumbai: Gold and silver exchange-traded funds rebounded on Monday, clawing back part of last week's steep losses when both metals snapped their record-breaking rally and recorded sharp declines. Among the five largest silver exchange-traded funds (ETFs) by assets, Kotak Silver ETF led the rebound with a 9.4% gain. HDFC Silver ETF, Nippon India Silver ETF (Silverbees), ICICI Prudential Silver ETF, and SBI Silver ETF surged between 8.2% and 8.7%. International spot silver rose about 6.7% at about $83 an ounce during the day. Gold funds also staged a recovery. Kotak Gold ETF climbed 2.85%, while Nippon India, SBI, HDFC, and ICICI Prudential Gold ETFs advanced 1.7-2.4%. Spot gold rose 2% to around $5,068 on Monday evening. The bounce back follows a bruising week for precious metal fu
Dhaka: A 62-year-old Hindu trader was hacked to death by unidentified men inside his shop in Trishal upazila of Mymensingh in Bangladesh, a local media report said on Tuesday.The incident took place on Monday night at the Bogar Bazar intersection in the Upazila, Trishal Police Station chief Muhammad Firoz Hossain was quoted as saying by news portal bdnews24.com.The victim, identified as Susen Chandra Sarkar, was the owner of 'Bhai Bhai Enterprise' and a resident of Southkanda village, he said.Hossain said the attackers hacked Sarkar with a sharp weapon, left him inside the shop, and closed the shutters. Sarkar's family was searching for him, and when they opened the shutters to the shop, he was found covered in blood.Sarkar was rushed to Mymensingh Medical College Hospital, where doctors d
The people whom President Donald Trump has picked to protect America’s money keep insisting a heating planet won’t set that money on fire. But it’s already burned trillions of dollars and threatens to burn exponentially more. Many of these losses could become permanent.Former Federal Reserve Governor Kevin Warsh, Trump’s choice to run the central bank after Jerome Powell, has said the Fed should ignore climate change, dismissing concern about it as a “bandwagon” that is “fashionable” and “fleeting.” He also called it “contraband,” which, in my opinion as a professional English user, is not a proper use of that word because it isn’t illegal to care about climate. For now, anyway.And Treasury Secretary Scott Bessent recently called climate change an issue that had
