The government is likely to recapitalise some state-run banks in urgent need by up to Rs 10,000 crore within a few days to help them meet regulatory capital requirements, official sources said... Read more »
State-run IDBI Bank on Tuesday said it will seek rgw central government’s nod on the Life Insurance Corp’s (LIC) proposal to acquire 51 per cent stake in the debt-ridden lender. According to a... Read more »
State-run United Bank of India (UBI), which received about Rs 676 crore from two stressed accounts through resolution in the NCLT, is expecting to recover Rs 3,000 crore in this route, its... Read more »
Expectation of a healthy rural demand on the back of the government’s enhanced farm sector support buoyed the key Indian equity indices on Wednesday. Additionally, positive economic data on services sector and... Read more »
Securities Exchange Board of India (SEBI) has allowed Hapur Commodity Exchange to discontinue operations as a bourse, making it the seventh derivatives exchange to exit after the merger of Forward Markets Commission (FMC)... Read more »
The key Indian equity indices ended volatile trade on Tuesday on a flat note, tracking mixed global markets. Although the indices had opened in the red, they pared their losses around an... Read more »
Weak global cues pulled the key Indian equity indices lower on Monday, with the benchmark BSE Sensex falling over 200 points. Heavy selling pressure was witnessed in the auto, banking and capital... Read more »
The multi-crore fraud hit Punjab National Bank posted a net loss of Rs 13,417 crore for the fourth quarter (January-March) of 2017-18, a regulatory filing by the company on the BSE stated... Read more »
The key Indian equity indices on Monday opened on a flat note. The 30-scrip Sensitive Index (Sensex), was trading 28.51 points or 0.08 per cent higher soon after opening. The wider 50-scrip... Read more »
After a largely volatile session, the key Indian equity indices provisionally ended Wednesday’s trade on a flat-to-positive note supported by healthy buying in consumer durables, IT and capital goods stocks. According to... Read more »