Sensex cuts gaining streak; IndusInd Bank surges by 5 per cent
Sensex cuts gaining streak; IndusInd Bank surges by 5 per cent

Sensex cuts gaining streak; IndusInd Bank surges by 5 per cent

DSIJ Intelligence Article rating: 5.0

In the afternoon trading session on Wednesday, benchmark indices witnessed a sharp decline resulting from sudden selling in domestic markets. Sensex shed nearly 500 points from the day's high to close at 36,329.01 that is 345.51 points or 0.94 per cent lower than its previous close while Nifty fell by 93.90 points or by 0.87 per cent to close at the level of 10,705.75.

Karur Vysya Bank partners with Bajaj Allianz Life
Karur Vysya Bank partners with Bajaj Allianz Life

Karur Vysya Bank partners with Bajaj Allianz Life

Apurva Joshi Article rating: 3.3

Karur Vysya Bank (KVB) forms a strategic partnership with Bajaj Allianz Life to offer life insurance solutions to its customers. The insurer’s products will be available at the bank’s 780 branch offices, spread across India.

Government to scale-up Capex of PSUs to revive economy
Government to scale-up Capex of PSUs to revive economy

Government to scale-up Capex of PSUs to revive economy

Amir Shaikh Article rating: 4.4

With a view to pump up expenditure and improve the investment climate in the country hit by COVID-19 pandemic, the government has asked public sector undertakings (PSUs) to become vehicles of growth and complete 50 per cent of their capital expenditure for FY21E before the end of Q2FY21

Steel Strips Wheels Ltd jumps seven per cent
Steel Strips Wheels Ltd jumps seven per cent

Steel Strips Wheels Ltd jumps seven per cent

Nidhi Jani Article rating: 4.6

It has also received another order worth US$ 1,40,000 from the US and EU markets, which involves the supply of nearly 3,100 commercial vehicles (CV) wheels for the US and EU markets. This order win would drive the revenue as the company enjoys around 52 per cent market share in the medium and heavy commercial vehicle (M&HCV) segment.

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