The shares of the bank had plunged as much as 70 per cent from their highs due to multiple issues regarding stressed assets and bad loans. The bank had loan advances to weak firms, such as Jet Airways and Reliance communications. 

Quess Corp Limited has reported its results for the quarter ending September 30, 2019. The consolidated revenue for the quarter is come at Rs. 2650.25 crore as against Rs. 2091.71 crore in the corresponding quarter last year, registering a 26.7 per cent yoy increase.

On Wednesday, ICICI Lombard announced a bancassurance tie-up with Karur Vysya Bank. The association will provide the bank’s customers an access to their insurer’s portfolio and make insurance more accessible to its customers across India.

TVS Motor company announced their partnership with Cadisa Group for Guatemala and EI Salvador on Wednesday.

Shares of Akme Star gained around 18 per cent intraday on Thursday as the company announced that Arkfin Investments invested ~USD 2 Million or 15.5 Crores in Akme Star Housing finance. 

The company has already started the commercial production at its subsidiary plant and expect a gradual ramp up in the near future. It is also expecting an environmental clearance for its 90-acre Greenfield project in November 2019.

The Indian equity markets were poised to break into a new record territory post the strong global cues and supportive domestic developments during early trade on Thursday. Index was topped by Infosys, SBI and Tata Motors which traded higher by 4.33 per cent, 4.29 per cent and 3.40 per cent intra-day.

Intellect Design Arena announced that it would offer its Digital Core solution, IDC 19.1, to the UK-based The Commonwealth Trade Bank.

Welcome to last trading session of the October month! It also happens to be the last trading session of the October F&O series. This month has been a favourable month for the bulls as Nifty has logged gains of approximately 3 per cent with improved market breadth. The bulls would like to end the month on a high note and extend their lead.

The low of the prior bar, that is 11,784, would now act as an immediate support level, followed by 11,720 levels. While on the upside, the immediate resistance would be seen around 11,880 levels. Stocks in news: Reliance Industries, Vodafone Idea, ICICI Lombard General Insurance Company, TVS Motor, Intellect Design Arena, CreditAccess Grameen, HDFC, Arrow Greentech, Bharti Airtel.