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Sensex tanks 362 points; Yes Bank crashes 22%

Other major laggards were IndusInd Bank, SBI, Bharti Airtel, ONGC, Tata Steel and Reliance Industries -- falling as much as 6.30 per cent. The BSE benchmark Sensex plunged nearly 362 points on......

Why stocks of these 3 HFCs are faring so badly

Share prices of Dewan Housing, Indiabulls Housing, and PNB Housing have declined 30-80% in the past one year Illustration: Uttam Ghosh/Rediff.com The Reserve Bank of India (RBI) stating it’s......

IDBI scouting for buyouts, 2 banks on radar

After acquiring United Western Bank three years ago, IDBI Bank is now once more on the prowl for acquisitions. The bank has identified two Indian lenders as possible acquisition targets, its......

IDBI lends Rs 300 cr to Satyam

IDBI Bank has given Rs 300-crore (Rs 3-billion) loan to the fraud-hit Satyam Computer. "We have given a Rs 300-crore loan to Satyam. The remaining Rs 300 crore has been offered by Bank of Baroda,"......

Indiabulls to reorganise biz;mulls demerger of arm

Indiabulls Financial Services said on Monday it will re-organise its business, including the demerger of its brokerage services -- Indiabulls Securities Ltd. The board of directors has considered......

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