Month: March 2019

ICICI Prudential Life Insurance shares surge more than 8% on robust response for its OFS

March 27, 2019 / admin / 0 Comments

ICICI Prudential Life Insurance shares surged after getting a robust response for the offer-for-sale of its equity shares by joint venture partner and UK-based promoter Prudential Corporation Holdings. The company’s shares rose by more than 8% in the early morning trade on Wednesday. The life insurance company’s two-day OFS which …

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Jet Airways shares rise 8.5% after founder Goyal steps down

March 26, 2019 / admin / 0 Comments

Jet Airways Ltd’s shares climbed about 8.5 per cent on Tuesday to a near two-month high after founder and chairman Naresh Goyal stepped down and lenders took control of the airline, in an attempt to rescue it from bankruptcy. Banks have moved in to take a majority stake in the …

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Crude steel output rises; Tata Steel, Essar Steel, Jindal Steel among top private contributors

March 25, 2019 / admin / 0 Comments

The country’s crude steel output grew over 4 per cent to 8.91 million tonne (MT) in February as compared with the year-ago month, according to official data. The domestic crude steel production had stood at 8.54 MT during February 2018, according to a report by the Joint Plant Committee (JPC), …

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SpiceJet share price rises as much as 14% after higher February passenger traffic

March 22, 2019 / admin / 0 Comments

SpiceJet shares rose as much as 14.2 per cent to the highest since July 30 after passenger traffic for domestic airlines surged nearly six per cent in February from last month. While passenger load factor for SpiceJet rose to 94 per cent in February from 90.9 per cent in January, …

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After Nirav Modi’s arrest, massive buying seen in PNB; shares up over 4%

March 20, 2019 / admin / 0 Comments

Just after Nirav Modi’s arrest in London on Wednesday, massive buying as seen in Punjab National Bank (PNB) as shares of the public sector lender gained nearly 4.4 per cent to hit the day’s high at Rs 94.15 on BSE. The shares trading at Rs 90.05 at 3 pm shot …

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Jet Airways shares fall by 5% amid flight cancellation crisis

March 19, 2019 / admin / 0 Comments

Shares of debt-ridden Jet Airways fell by five per cent Tuesday amid massive cancellation of flights by the airline due to the grounding of a large part of its fleet. The shares of the company plunged 5 per cent to Rs 225.10 on the BSE. On the NSE, shares declined …

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SBI’s Rs 20,000 crore fundraise: Board to meet later this week for timeline extension; key things to know

March 18, 2019 / admin / 0 Comments

With an aim to consider extension of timeline for raising funds, State Bank of India (SBI) on Monday said that the central board will meet later this week to consider extension of approval accorded by it for raising equity capital of up to Rs 20,000 crore from the market till …

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Oil market in turmoil, Non-OPEC nations led by US may help rescue

March 15, 2019 / admin / 0 Comments

The oil market will flip into a modest deficit from the second quarter of this year, with OPEC possessing a hefty supply cushion to prevent any price rally in case of possible supply disruptions, the International Energy Agency said on Friday. The IEA, which coordinates the energy policies of industrialised …

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Month: March 2019

Cooking gas, CNG bills set to rise as natural gas gets costlier from next week

Bank of Baroda shares soar over 6% on government’s Rs 5,000 crore capital infusion

ICICI Prudential Life Insurance shares surge more than 8% on robust response for its OFS

Jet Airways shares rise 8.5% after founder Goyal steps down

Crude steel output rises; Tata Steel, Essar Steel, Jindal Steel among top private contributors

SpiceJet share price rises as much as 14% after higher February passenger traffic

After Nirav Modi’s arrest, massive buying seen in PNB; shares up over 4%

Jet Airways shares fall by 5% amid flight cancellation crisis

SBI’s Rs 20,000 crore fundraise: Board to meet later this week for timeline extension; key things to know

Oil market in turmoil, Non-OPEC nations led by US may help rescue

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