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HPCL likely to acquire MRPL

HPCL likely to acquire MRPL

10/31/2017 4:50 PM | Tuesday | By Nikita Singh

In a bid to become the second largest oil refiner in India, Hindustan Petroleum Corp (HPCL) is expected to acquire ONGC ’s subsidiary Mangalore Refinery and Petrochemicals (MRPL) in a share swap deal.

Central Bank of India continues to slump, down by 4 per cent

Central Bank of India continues to slump, down by 4 per cent

10/31/2017 2:32 PM | Tuesday | By Nikita Singh

Central Bank of India continued its slump on the bourses during Tuesday's trade on the back of a weak Q2 results for the financial year 2018.

IDFC-Shriram merger not happening

IDFC-Shriram merger not happening

10/31/2017 10:40 AM | Tuesday | By Gayathri Udyawar

The bank said in a notification to its shareholders and the exchanges that despite best efforts, IDFC Bank and Shriram Group could not reach a common ground on an agreeable swap ratio. The merger plan was stipulated to create a US$12 billion financial behemoth.

New breakout in Bank Nifty, heading to all-time high

New breakout in Bank Nifty, heading to all-time high

10/25/2017 3:17 PM | Wednesday | By Bhagyashree Vivarekar

PSU Bank index rose 28 per cent and Bank Nifty surged 3.6 per cent. Going forward, Bank Nifty may hit levels of 27680-28100 if it manages to hold above 26000 mark on a closing basis.

SAIL raises flat product prices by Rs. 600 per tonne

SAIL raises flat product prices by Rs. 600 per tonne

10/16/2017 6:20 PM | Monday | By Nikita Singh

The public sector major Steel Authority of India raised the prices of its flat products by Rs. 600 per tonne, doubly compensating for the lapse in railways’ Rs. 300 per tonne subsidy for steel transport during monsoon season.

Allahabad Bank to raise equity capital of Rs 2,000 crore

Allahabad Bank to raise equity capital of Rs 2,000 crore

10/11/2017 2:20 PM | Wednesday | By Apurva Joshi

In the AGM held by Allahabad Bank, the members approved the proposal of raising equity capital of the bank aggregating up to Rs 2,000 crore which will include premium.


 TFCI surges over 8% after big block deal

TFCI surges over 8% after big block deal

09/29/2017 4:46 PM | Friday | By Arpita Thakur
Tourism Finance Corporation of India (TFCI) witnessed a surge in its stock price on reports of a block deal on Friday. About 1.9 crore equity shares were traded on NSE and BSE at an average price of Rs 150 per share through a block deal worth Rs 293 crore.   

BHEL surges on bullet train rolling stock order

BHEL surges on bullet train rolling stock order

09/14/2017 4:06 PM | Thursday | By Rohan Takalkar

BHEL (Bharat Heavy Electricals Ltd) and Japan’s Kawasaki will be collaborating to create rolling stock for first of its kind bullet train in India.

Buzzing stock: UCO Bank to sell bad loans worth Rs 2,420 crore

Buzzing stock: UCO Bank to sell bad loans worth Rs 2,420 crore

09/08/2017 3:57 PM | Friday | By Apurva Joshi

UCO Bank has begun the process of selling bad loans worth Rs 2,420 crore from 27 non-performing asset (NPA) accounts.

Increase in iron ore prices pushes NMDC scrip upward

Increase in iron ore prices pushes NMDC scrip upward

09/04/2017 4:38 PM | Monday | By DSIJ Team

The shares of NMDC went up by over 2% intraday during Monday’s trading session. The company has increased its iron ore prices by Rs 175 per ton for September, according to a leading news daily. 

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