Business Today: SBI Funds, ₹15 Crore Delhi Flats Up For Auction And Private Bank Headcount Falls
The Business Today Show reports on a second session of market losses, driven by higher oil prices and US-Iran tensions. The Sensex falls over 250
The Business Today Show reports on a second session of market losses, driven by higher oil prices and US-Iran tensions. The Sensex falls over 250 points and the Nifty declines by 50 points. Information technology and public sector bank stocks face pressure, while real estate, automobiles, and metals gain. SBI Funds Management lists on the Stock Exchange at ₹613, a 7% premium over its issue price, with the SBI chairman ruling out further stake dilution.
The bulletin details a decline in FY26 employee headcounts at private banks, including ICICI Bank, HDFC Bank, and Axis Bank. Executives attribute this to attrition, automation, and technology-led efficiency. The broadcast covers Bajaj Auto first-quarter results, slowing domestic air traffic, talks regarding fresh capital for Volkswagen India, and a proposed Maruti Suzuki price increase of up to ₹30,000 from August. The Anand Rathi Wealth joint CEO discusses the rupee and crude prices.
Finally, 262 apartments at Avenue Towers in Sarojini Nagar face an e-auction with expected proceeds near ₹4,400 crore. Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you'll never miss a new video. All you need to do is PRESS THE BELL ICON next to the Subscribe button! India Today TV is India's leading English News Channel.
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