Heena Sharma Blog

  The BSE barometer Sensex scripted history on Thursday, January 21, when it scaled Mount 50,000 for the first time. The 30-pack index galloped from 40,000-mark hit on October 8, 2020 to 50,000 in just 74 sessions and from 45,000 level (scaled on November 4, 2020) in mere 32 trading days. When the index had plummeted to the lows of 25,000 at the peak of the Covid-19 crisis, there was little to no one who had envisaged such a meteoric rise from the index's three-year low. A plethora of factors have fuelled such a rally in the index, ranging from liquidity push by the central bankers to FII buying, and recovery in economic growth. Latest developments on the Covid-19 vaccine front and a change of guard in the United States too lent confidence to investors to keep ploughing money in the market. Read More

The State Bank of India (SBI) on Wednesday announced it will not ask customers to maintain a minimum balance in savings accounts, news agency PTI reported. The state-owned bank rationalised interest rate on savings bank accounts to a flat 3 per cent annum. It also waived off SMS charges. “ This announcement will bring in more smiles and delight to our valuable customers. We believe this initiative would empower our customers towards banking with SBI and boost their confidence in SBI," said chairman Rajnish Kumar in a statement. SBI, earlier in the day, slashed its Marginal Cost of Funds based Lending Rate (MCLR) by 10-15 basis points across all tenors from March 10, 2020, moving to make make home and auto loans cheaper. Read More

State Bank of India (SBI) on Monday invited online applications from candidates for appointment as specialist cadre officers (SCO) in the state-run bank on a regular basis. There are a total of seventy-six vacancies to be filled through this process. The application process has started and the last date to apply is August 12. Candidates must note that the last date of fee payment is August 12, 2019. Candidates are advised to check SBI's website bank.sbi/careers or sbi.co.in/careers regularly for details and updates. SBI recruitment 2019: All you need to know How to apply Step 1: Vist the official website: bank.sbi/careers Step 2: Click on the advertisement: Recruitment of SCO - DGM (Asset Liability Management) Advertisement no. CRPD/SCO/2019-20/09 Step 3: Register yourself in case you've not done that before Step 4: Registered users can simply log in. Step 5: Fill in the required details Step 6: Upload supporting documents Step 7: Pay fee Step 8: Cli...

Snapdeal has announced its ' Mega Diwali Sale ' , from 10- 14 October. Snapdeal's Diwali Sale is built around offering great value on products,  which are traditionally a part of annual Diwali shopping by families across the country. In recent months, Snapdeal has seen massive growth in business from both existing and new buyers, with nearly 80% of the new buyers coming from smaller cities across the country. "The offers and selection in the Snapdeal Mega Diwali Sale are built on basis of an analysis of user purchase patterns over the past many festive seasons. We want our users to fulfil their entire Diwali shopping list, without being troubled by budgets now or EMIs later," said Snapdeal. The special Diwali selection offers great discounts up to 50 per cent on household items and appliances for the kitchen including microwaves, juicer mixers, gas stoves, cookers, glassware, dinner sets and more. No Diwali shopping list is complete without...

The UK's Court of Appeal refused Mallya the permission to appeal against a UK High Court order in favour of 13 Indians banks to recover funds amounting to nearly £1.145 billion. Current Affairs News : Vijay Mallya has lost his attempt to appeal against a UK High Court order in favour of 13 Indian banks to recover funds amounting to nearly £1.145 billion, in another setback to the embattled liquor tycoon. The UK's Court of Appeal refused the 62-year-old businessman, who is separately undergoing an extradition trial in a UK court over fraud and money laundering charges by the Indian authorities, the permission to appeal against the High Court order dated May 8. In the ruling, Judge Andrew Henshaw had refused to overturn a worldwide order freezing Mallya's assets and also denied permission to appeal, which left Mallya with the only option of turning to the Court of Appeal. Judge Henshaw's order marked the first recorded case of a judgment of the Debt Rec...

India's refiners currently use SBI and Germany-based Europaeisch-Iranische Handelsbank AG to buy Iranian oil in euros Current Affairs News : India's imports of Iranian oil may be hit from end-August after the State Bank of India (SBI) informed refiners it will not handle payments for crude from Tehran from November onwards, the finance chief ofIndian Oil Corp (IOC) said on Friday. The move by the state-controlled bank, India's biggest, comes after US President Donald Trump pulled out of an international nuclear deal with Iran last month, pledging to reimpose tough sanctions within 180 days. "(Oil) loading will be affected from end-August under the current mechanism unless a new payment route is established," IOC's A K Sharma told Reuters in a telephone interview. 2017/18 due to a dispute over a giant gas field, Iran remained its third-biggest oil supplier. Iran supplied about 458,000 barrels per day (bpd), or about a tenth of India's more...