BSE to open for trading on Budget Day; here are the timings
In 2015, when then Finance Minister Arun Jaitley presented the Budget on a Saturday, February 28, stock exchanges were open for trading.
Banking sector set for more pain, deratings likely: Hemang Jani, Sharekhan
In terms of the NPL cycle and loan growth, there is a huge disconnect between what is being reported by banks and what is generally being expected and that continues to be a major worry. Also, there is over-ownership across private banks as the weightage is still very high and most of the investors are hiding in very few banks.
Enforcement Directorate names JSW Steel in BPSL case
The Enforcement Directorate on Friday filed a charge sheet against former Bhushan Power and Steel Ltd CMD Sanjay Singal and others in a multi-crore money laundering case linked to an alleged bank loan fraud.
Corporate earnings, budget expectations to drive equities this week: Analysts
Investors in domestic market will closely watch quarterly earnings from companies.
NCLAT asks investigative agencies to clarify over JSW Steel's immunity in BPSL matter
A three-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya asked the agencies to file their reply affidavits by January 20 stating whether after insertion of section 32 A in the Insolvency and Bankruptcy Code (IBC) last month, JSW Steel has immunity from the alleged fraud committed by the previous BPSL managemet.
Buy JSW Steel, price target Rs 294: Dharmesh Shah
The analyst suggested a stop loss at Rs 269.
NCLAT seeks clarity from govt, agencies on JSW Steel immunity
ED had in October last year attached Bhushan Power and Steel’s Rs 4,025-crore worth of land, buildings, plant and machinery in Odisha in a case related to the alleged diversion of bank funds, stalling the implementation of JSW Steel's Rs 19,700-crore resolution plan.
Share market update: Metal shares decline; Coal India down 3%
The Nifty Metal index was trading 0.65 per cent down at 2781.8.
Stock market update: 17 stocks hit 52-week lows on NSE
Benchmark index NSE Nifty was trading 6.55 points down at 12323.0, while the BSE Sensex was trading 45.64 points down at 41814.05.
JSW Group firm Forma shuts operations
The company's MD Tarini Jindal Handa -- daughter of steel magnate Sajjan Jindal -- had announced plans of investing around Rs 250 crore over the next five years to become one of the top five readymade furniture brands in India.
Inter-creditor agreement can be signed right at the time of lending for quick resolution, says Bankruptcy Board member
ICA mechanism was established to arrive at a resolution plan within a specific period (30+180 days) for any account where the borrower misses payments and is believed to be in incipient stress without formally initiating the bankruptcy process.
Share market update: Nifty Commodities index up; JSW Steel rises 3%
The Nifty Commodities index was trading 1.04 per cent up at 3463.45.
Share market update: Nifty Commodities index down; JSW Steels slips 2%
The Nifty Commodities index was trading 0.36 per cent down at 3422.15.
Arcelor Mittal’s Essar Steel buy may not severely hit other players
Arcelor Mittal’s debut in steel industry through acquisition of Essar Steel will raise the competition in the domestic steel sector. Nevertheless there is still headroom for steel companies to increase capacities with consumption demand tipped to grow at 6-7%. Ind-Ra said continued regulatory support is critical to protect local steel players against the threat of imports.
Stock market update: 12 stocks hit 52-week lows on NSE
Benchmark index NSE Nifty was trading 160.15 points up at 12185.5, while the BSE Sensex was trading 537.00 points up at 41354.74.
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