Month: September 2019

Sebi relaxes buyback rules for cos with housing finance, NBFC arms

September 30, 2019 / admin / 0 Comments

After IRCTC IPO, these two railway PSU public offers may hit stock market in FY20

September 27, 2019 / admin / 0 Comments

Petrol, diesel prices rise for 8th straight day; petrol above 74 in Delhi today

September 24, 2019 / admin / 0 Comments

Petrol and diesel prices today: The oil marketing companies (OMCs) on Tuesday raised the prices of petrol and diesel for the eighth straight day following drone attack on the Saudi oil plants. In the last eight days, petrol prices have risen by Rs 2.1 and diesel rates have surged by …

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Sensex headed for long bull run in next one year, may touch 45,000; Nifty may top 12,400 after tax cuts

September 23, 2019 / admin / 0 Comments

Even as the headline indices Sensex and Nifty extend gains following Narendra Modi-led government’s Corporate tax booster, global brokerages say that the barometers could touch new highs in the coming months. Sensex and Nifty registered their biggest one-day gain in over a decade after FM Nirmala Sitharaman announced a slew …

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Yes Bank share price plunges 10% after Care Ratings downgrades Rana Kapoor’s Morgan Credit

September 19, 2019 / admin / 0 Comments

Shares of private sector lender Yes Bank plunged on Thursday, after Care Ratings downgraded ratings of promoter Rana Kapoor-owned Morgan Credit Pvt Ltd (MCPL) from A minus to BBB minus. Yes Bank share price plunged more than 10% to hit the day’s low at Rs 57.30 on BSE. Notably, MCPL is one of …

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Saudi attack: Half of lost oil to remain offline for a month, says S&P

September 17, 2019 / admin / 0 Comments

Around three million barrels per day of Saudi oil will remain offline for a month, about half the production halted by the weekend’s devastating attacks on key crude facilities, S&P Platts said Tuesday. The report came as oil prices dipped slightly following record gains Monday as uncertainty prevailed on global …

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SBI share price slumps after firm shelves general insurance IPO plan

September 16, 2019 / admin / 0 Comments

Shares of India’s largest state-run lender SBI slumped on Monday after the firm shelved plans for listing its general insurance arm public saying that there is no need for additional capital now. SBI shares slumped by more than 2.3% to hit the day’s low at Rs 284.55 on BSE. Notably, State …

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S&P revises Indian Bank outlook as ‘negative’ post merger announcement

September 12, 2019 / admin / 0 Comments

S&P Global Ratings revised its outlook on Indian Bank’s long-term issuer credit rating to negative from stable on Wednesday. The downgrade came amid expectations that Indian Bank’s capital, earnings, and asset quality will suffer following merger with a much weaker Allahabad Bank. S&P views the government’s rationale for the mergers, …

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Yes Bank share price surges after reports of Rana Kapoor selling stake to Paytm

September 11, 2019 / admin / 0 Comments

Shares of private sector lender Yes Bank surged on Wednesday morning after reports that founder Rana Kapoor is in talks with Vijay Shekhar Sharma-led Paytm to sell stake. Yes Bank shares gained more than 8.5% to hit the day’s high at Rs 68.50 on BSE. Rana Kapoor has approached Paytm’s boss …

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