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2 January, 2019 9:13 AM FSR says worst over for banks, but is it?

Here is wrap of the top highlights of Reserve Bank of India's FSR report, which was released on December 31, 2018. The Financial Stability Report (FSR) released by Reserve Bank of India (RBI) on December 31, 2018, states that the asset quality of public sector banks is improving. While this has come as a big relief to the sector, it is certain that the asset 80

1 January, 2019 6:56 AM D-Street Buzz: FMCG index trades lower led by HUL, Britannia, Colgate; Kolte-Patil Developers up 13%

Benchmark indices continues to trade lower on Tuesday afternoon with Nifty is below 10,850 level. The Sensex is down 83.90 points or 0.23% at 35984.43, while Nifty down 24.50 points or 0.23% at 10838. HDFC Bank, Reliance Industries, HDFC, Infosys and ITC ae the negative contributors to the Sensex. Nifty PSU bank index was up 0.50 percent led by Bank of Baroda 139

28 December, 2018 10:25 AM Cabinet Clears Public Offer Plans Of 7 State-Run Companies

Law Minister Ravi Shankar Prasad said the companies will raise funds via initial public offer (IPO) or follow-on public offer (FPO) routes. The government on Friday said that the Cabinet Committee on Economic Affairs (CCEA) has cleared share sale plans of seven public sector companies. Giving details of the PSU (public sector undertaking) companies 130

24 December, 2018 10:56 AM SAIL supplies 35,400 tonnes steel for Bogibeel Bridge construction

The country's largest steel maker SAIL on Monday said it has supplied 35,400 tonne of steel for the construction of Bogibeel, Asia's second-longest rail-cum-road bridge that will be opened to traffic by Prime Minister Narendra Modi on Tuesday. "Steel Authority of India Ltd (SAIL) has supplied around 35,400 metric tonnes of steel for the construction 97

24 December, 2018 8:56 AM D-Street Buzz: 60 stock hits 52-week low; BEML, Yes Bank, Infosys most active

Benchmark indices are remain volatile on Monday with Nifty is trading below 10,750 level, while Sensex is trading lower by 30 points. Among the sectors, IT index is trading higher by 1 percent led by Wipro, Tech Mahindra, TCS, Infosys and Oracle Fin Serv. In the Nifty PSU bank index, Bank of India, Oriental Bank of Commerce, Union Bank of India, PNB, SBI, Canara 88

24 December, 2018 6:49 AM Nifty has resistance at 10,985

IT sector was down 4.3 percent, while PSU banking sector went up by 1.8 percent Indian market after remaining resilient for the entire week has gone down on the last day due to global weakness. The indices that didn't do well for week has been IT that was down 4.3 percent, media that was down 3.7 percent, while there has been a positive move on the PSU banking 71

23 December, 2018 12:20 PM NMDC moved HC after exhausting all options in Karnataka: CMD

After exhausting all other options, NMDC Ltd moved the Karnataka High Court on the issue of levying 80 per cent premium by the Karnataka government on the iron ore extracted from Donimalai mines in the state, said a top official of the miner. NMDC suspended iron ore mining from its Donimalai mine in Karnataka following the state governments decision 107

20 December, 2018 10:52 AM FY19 PSU bank recapitalisation will be Rs 1.06 lakh crore, says FM Arun Jaitley

“Downward slide in NPA levels will now commence,� Jaitley said. Addressing the media on the issue of recapitalising public sector banks, Finance Minister Arun Jaitley on December 20 said that more capital will take some PSBs out of PCA framework. "We are seeking parliamentary sanction for further recapitalisation of Rs 41,000 cr and the FY19 PSU bank recapitalisation 74

17 December, 2018 3:23 AM Buy Indian Bank, target Rs 265: Aditya Agarwal

Indian Bank is moving in line with all the other PSU Banking stocks. Indian Bank saw a correction from higher levels and in that process made a low of Rs 210 levels. Since the last 3 months, the stock has consolidated at 210-265 levels. On the larger degree framework, the 200-210 zone is a strong support for the stock. It retested its low of Rs 210 just last week, and witnessed 81

13 December, 2018 1:54 PM Govt mulls additional Rs 30,000 crore capital infusion in PSU banks

Due to subdued market conditions, banks have been unable to raise enough funds from the markets so far. New Delhi: The government is considering additional capital infusion of up to Rs 30,000 crore in public sector banks as they have been unable to raise required funds from the markets, sources said. As part of the capital infusion plan announced by the Finance 181