Month: June 2018

Varroc IPO oversubscribed on second day of bidding as institutional investors gather in huge numbers

June 27, 2018 / admin / 0 Comments

Nifty back at 11,000? Not in 2018; Investors will have to wait, says ICICI Pru’s Yogesh Bhatt

June 25, 2018 / admin / 0 Comments

The benchmark indices BSE Sensex and NSE Nifty 50 delivered good returns of upto 28% in 2017 and continued to conquer new highs in the first month of 2018. The Nifty 50 of the National Stock Exchange recorded a high of 11,171.55 on January 29. However, the stock markets have …

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ICICI Bank yet to respond to SEBI’s notice over allegations against Chanda Kochhar

June 21, 2018 / admin / 0 Comments

ICICI Bank has not yet responded to the notice served by the Securities and Exchange Board (SEBI) on its CEO and MD Chanda Kochhar on alleged dealings of the bank with Videocon Group and Nupower, an entity in which her husband Deepak Kochhar has economic interests, chairman Ajay Tyagi told reporters on Thursday. …

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SEBI board to meet tomorrow; amendments to buyback, takeover norms on agenda

June 20, 2018 / admin / 0 Comments

Regulator Sebi’s board is likely to discuss tomorrow proposed overhaul of governance norms for market infrastructure institutions as well as amendments to buyback and takeover norms, a senior official said. Other proposals, including reducing the cooling off period for former employees to one year and review of the watchdog’s recruitment …

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Will oil prices fall further? Big OPEC meet in Vienna this week; here is what to expect from the cartel

June 18, 2018 / admin / 0 Comments

The Organization of Petroleum Exporting Countries (OPEC), Russia and other producers meet in Vienna from Friday and could agree to increase production from July. Following a year and a half of voluntary supply cuts led by the Middle East-dominated OPEC, as well as the non-OPEC producer Russia, oil markets have …

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TCS’ Rs 16,000 crore share buyback: 2nd mega buyback in 2 years; check premium, other details

June 15, 2018 / admin / 0 Comments

India’s largest IT company TCS (Tata Consultancy Services) on Friday approved a share buyback program of Rs 16,000 crore in which the company will be repurchasing about 7.61 crore equity shares (TCS share buyback size). TCS will be buying back the shares at Rs 2,100 per equity share (TCS share buyback …

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Rakesh Jhunjhunwala taps Dish TV? Share price rallies 5%, trading volumes surge to multi-year highs

June 13, 2018 / admin / 0 Comments

Shares of direct-to-home television operator Dish TV rallied more than 5% in the mid-morning deals on Wednesday with trading volumes surging to multi-year highs on reports of ace investor Rakesh Jhunjhunwala picking up a considerable chunk in a block deal executed today. According to the data available with National Stock Exchange …

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How Modi plans to use 2.9 lakh common service centres to take banking to every villager’s home

June 12, 2018 / admin / 0 Comments

With an aim to take banking near every villager’s home, Finance Minister Piyush Goyal proposed to open extended banking counters across all 2.9 lakh common service centres (CSCs). “We are ready to make all 2,90,000 CSCs as banking correspondents, and for this our only condition is honesty because banking only …

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How depositors are affected when there are frauds, NPAs, explains ex-RBI governor YV Reddy

June 11, 2018 / admin / 0 Comments

Former RBI governor YV Reddy has slammed the government and the central bank for the Rs 13,000 crore scam at the Punjab National Bank (PNB), saying that there is a loss of confidence in the integrity of the banking system. He said that the owner of public sector lenders is answerable …

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Month: June 2018

ICICI Bank yet to respond to SEBI’s notice over allegations against Chanda Kochhar

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