Snehal khanna Blog

SBI Chairman Ranjish Kumar said the bank has some exposure on Gitanjali Gems, owned by Mehul Choksi, uncle of Nirav Modi LATEST NEWS :  Countrys largest lender SBI today said it has an exposure of USD 212 million (about Rs 1,360 crore) in respect to letter of undertaking issued by Punjab National Bank to Nirav Modi, but does not have any direct exposure to the absconding jewellery designer. "We dont have any direct exposure on Nirav Modi but we do have some exposure on Punjab National Bank", State Bank of India Chairman Rajnish Kumar told reporters here today. He said the bank has lent USD 212 million to Modi on the basis of LoU issued by PNB. Kumar, however, said the bank has some exposure to Gitanjali Gems, owned by Mehul Choksi, uncle of Nirav Modi. Our exposure to Gitanjali is small we and we are not worried, Kumar said. When asked about the lender's exposure to the entire gems and jewellery sector, he said it is less than 1 per cent of the total dom...

The 30% gain in Apple shares this year has taken its m-cap to nearly $800 bn, more than Sensex m-cap The recent rally in the share price of A pple Inc has taken the market capitalisation of the technology giant to more than $797 billion at 10 PM IST, making it bigger than the combined market cap of all the 30 Sensex companies put together. India’s bluechip index closed at a market cap of $784 billion, based on Monday's share prices. Apple, the most valuable company in the world, is the only company to have a higher market cap than that of the Sensex companies together. The Sensex accounts for 40 per cent of India’s total market cap. Apple is also larger than the market cap of countries like Brazil, Singapore, Spain, and Malaysia. In the league of companies with the top market cap, Apple is followed by Alphabet Inc and Microsoft, which have a market cap of $651 billion and $530 billion, respectively. Read this: Reliance Jio to offer 100 GB free data, 100 Mbps s...