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18 September, 2018 12:02 PM Sensex crashes nearly 300 points, Nifty slips below 11,300

New Delhi: Stock market crashed on Tuesday amid choppy trade and negative global cues following reports of fresh US tariffs announced on Chinese imports. The BSE Sensex fell 294.84 points to 37,290.67. The NSE Nifty went down by 98.85 points to 11,278.90. Among the sectors, banking stocks witnessed heavy selling pressure, a day after the government proposed 47

18 September, 2018 5:09 AM D-Street Buzz: FMCG, pharma stocks gain led by HUL, Dr Reddy's Labs; PSU banks fall with BoB down 11%

The breadth of the market favoured declines, with 802 stocks advancing, 810 declining and 449 remaining unchanged. On BSE, 1027 stocks advanced, 964 declined and 117 remained unchanged. The Indian stock market are trading in the red this Tuesday morning with the Nifty50 down 15 points and is trading at 11,362 while the Sensex is trading lower by 26 points 43

18 September, 2018 3:49 AM Bank of Baroda down 10%, Dena Bank and Vijaya Bank up 10-20% after govt announces merger

The government announced the consolidation of the three banks into a single entity on September 17. Shares of Bank of Baroda (BoB) dropped more than 10 percent, while Dena Bank and Vijaya Bank gained 10-20 percent after the government announced its proposal to merge the three public-sector banks (PSBs). Net non-performing asset (NNPA) ratio of the combined 44

17 September, 2018 1:48 PM Bank Of Baroda, Dena Bank, Vijaya Bank To Create India's 3rd Largest Bank: 10 Points

The government said the merger will be the first-ever three-way consolidation of banks in the country. The government said on Monday announced a plan to merge three state-run banks. Dena Bank, Vijaya Bank and Bank of Baroda will be merged to create the third largest bank in the country, as part of efforts to clean up the country's banking system, an official 59

17 September, 2018 1:32 PM Dena Bank, Vijaya Bank and Bank of Baroda to be merged

The announcement comes from Financial Services Secretary Rajiv Kumar during a press conference with FM Arun Jaitley on the status of the country's economy. New Delhi: The government on Monday decided to merge three state-run banks - Dena Bank, Vijaya Bank and Bank of Baroda. This merger will create the third largest bank in the country. The announcement 68

15 September, 2018 8:25 AM Freight rates fall on excess trucks availability, limited cargo movements

Freight rates for the nine-metric tonne payload section for select destinations weakened by Rs 1,000 at the local truck transport market Saturday on excess position of trucks amid tight cargo movements. Transporters said heavy availability of trucks along with restricted cargo movements, pulled down some of centres freight rates. Delhi to Kolkata, Baroda 52

31 August, 2018 1:04 PM JPVL board approves hike in authorised capital, conversion of Rs 4,000 crore debt into equity

Jaiprakash Power Ventures today said its board has approved the proposal to alter its memorandum of association to increase authorised share capital of the company to Rs 20,050 crore from Rs 10,050 crore, mainly to convert debt of lender into equity. The board has approved alteration of clause V of the memorandum of association of the company to increase 44

28 August, 2018 1:06 PM UTI AMC boardroom battle: T Rowe Price withdraws plea at Bombay High Court

The plea was filed against other 4 stakeholders in UTI AMC--State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation T Rowe Price, which holds a 26 percent in UTI Asset Management Company has withdrawn the petition filed at the Bombay High Court, according to the media reports. The plea was filed against other 4 stakeholders 46

27 August, 2018 4:40 AM D-Street Buzz: Bank stocks surge led by SBI, YES Bank; MOIL zooms 10%, Axis Bank hits new 52-week high

The breadth of the market favoured advances, with 1086 stocks advancing, 534 declining and 456 remaining unchanged. On BSE, 1345 stocks advanced 630 declined and 105 remained unchanged. New week and a new start for the Indian markets with the Sensex and Nifty hitting new record highs. The Nifty50 jumped 100 points and is trading at 11,656 while the Sensex 114

9 August, 2018 4:20 PM US investor T Rowe Price approached Bombay HC over Unit Trust of India's (UTI's) IPO issue

US investor T Rowe Price has approached the Bombay High Court seeking a direction to the finance ministry and SEBI to prevent four PSUs from stalling the Unit Trust of India's bid to come up with an IPO. In its petition, T Rowe Price International Ltd, which owns 26 percent of the UTI Asset Management Company, claimed the four public sector undertakings 46