Share market update: Nifty Services sector index gains; Indiabulls Housing climbs 6%
The Nifty Services Sector index was trading 1.31 per cent up at 17502.6.
Phillip Capital initiates buy on IndusInd Bank, target price Rs 1,640
Shares of IndusInd Bank closed at Rs 1,478, a drop of 4%.
Siddharth Sedani’s 2 midcap picks for next one year
After two years of lull in midcaps and smallcaps, the valuation gap is now narrowing.
Share market update: Nifty Services sector index up; SBI gains 2%
The Nifty Services Sector index was trading 0.64 per cent up at 17646.5.
Canara Bank calls off Can Fin Homes stake sale
In June, Canara Bank had received board approval to sell part or entire 29.99 per cent stake in the subsidiary.
What's in a name? A lot, say lenders being merged
Chennai-based Indian Bank is anchoring the merger with Allahabad Bank.
India's auto sector: Traversing a road with many bumps
Auto Inc's been battling high tax and weak sentiments. It is high time for incentive-based scrappage policy.
China's per capita GDP crosses USD 10,000-mark for the first time
The per capita Gross Domestic Product in 2019 reached 10,276 US dollars at the average exchange rate, exceeding the 10,000-dollar mark, Director of the National Bureau of Statistics, Ning Jizhe said. "It showed that the quality of China's economic development is improving," he said.
Uday Kotak feels bankers need humility to make it big
The Kotak Mahindra Bank MD credits his middle-class values for personal and professional growth.
Silicon Valley Bank looks to hire over 200 employees for Bengaluru office
The organisation has started hiring engineers, systems architects and data analysts to work on projects and initiatives including product design, development and support for core functional areas of SVB’s business.
Sensex ends higher for 2nd day in listless trade; Nifty holds above 12,350
Investors will be keenly eyeing the third-quarter earnings of the companies, and the forthcoming Union Budget for further cues.
YES Bank cracks 8% despite fundraising plans
In a regulatory filing, YES Bank said that it will raise funds up to Rs 10,000 crore.
ED files chargesheet in Bhushan Power and Steel case
The Enforcement Directorate (ED) has filed its first chargesheet in the money laundering case related to Bhushan Power and Steel Ltd (BPSL)....
IndusInd Bank advances ahead of Q3 results
Analysts expect the lender to clock a 30 per cent rise in net interest income (NII).
Look for stocks outperforming broader indices, sectoral indices
Once the higher range gets broken Nifty will be in uncharted territory.
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