After Iran, UCO Bank may be chosen to pay Russia
India is set to change the bank it uses to make payments for Russian arms and is likely to route the money through UCO Bank, which is also being used to carry out trade with Iran.
Share market update: Nifty Services sector index up; Infosys gains 5%
The Nifty Services Sector index was trading 0.71 per cent up at 17681.3...
Analyst Calls: Wipro, IndusInd Bank, Mindtree, L&T Infotech
HDFC Institutional has maintained its Neutral rating on Wipro with a target price...
Sugar top sectoral pick for next 1-2 years: Pankaj Pandey
In sugar space, we are liking a good number of companies, especially the players that are based in Uttar Pradesh.
Unitech promoters diverted money of home-buyers and banks to off-shore tax havens: Audit report
Forensic audit of Unitech, done on SC's orders, reveal massive diversion of funds by the firm.
Real estate sector sentiments revive to optimistic zone in Dec quarter: Report
The real estate sector has been under pressure for over three years now.
What is bank recapitalisation and how is it done?
Bank recapitalisation, means infusing more capital in state-run banks so that they meet the capital adequacy norms. The government, using different instruments, infuses capital into banks facing shortage of capital.
Buy IndusInd Bank, target price Rs 1,720: Analyst
Shares of Indusind bank closed at Rs 1,399 down 5.6%.
Nomura maintains neutral on Bandhan Bank, target price Rs 585
Shares of Bandhan Bank closed at Rs 491, down 5.2%.
YES Bank, IndusInd, SBI, PNB face risk from Rs 91,000 crore telecom debt
IndusInd, YES and PNB are the least preferred stocks in the sector, according to a UBS note.
Housing ministry launches e-commerce platform for real estate sector
Housing ministry launched an e-commerce platform to facilitate homebuyers in identifying genuine properties.
Layoffs, rejig one-time exercise, will be over soon: Oyo CEO
Oyo is asking about 20% of its 12,000 employees to go, but this will end very soon, according to Oyo's CEO.
Supreme Court forms committee to draft mediation law, will send to government
The panel, to be headed by mediator Niranjan Bhat, will recommend a code of conduct for mediators, who are legal experts. On January 12, the committee met in Hyderabad to consider suggestions for a legislation put forth by mediators from all over India. The mediators emphasised on confidentiality, the voluntary nature of the process, neutrality etc.
Share market update: Bank shares slip; Yes Bank slumps 5%
The Nifty Bank index was trading 0.35 per cent down at 32,064.05.
Buzzing stocks: YES Bank, Vodafone Idea, SAIL, IndusInd Bank
The NSE Nifty index was trading 2.65 points down at 12,326.90.
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