ICICI Bank's move to amalgamate Bank of Rajasthan (BoR) with itself at a 1:4.72 ratio indicates the bank would pay a premium of 89.4 per cent to Bank of Rajasthan's closing stock price on Tuesday.
Film stars are beloved in our cinema-obsessed country. Stars are not only watched and worshipped on screen but also talked about with much fondness.
A forensic probe has been ordered into alleged irregularities by the department of financial services.
>It's not easy to predict the market. But there are at least two positive factors to back the PSU banks, explains Tamal Bandyopadhyay.
Among the Sensex firms, HDFC Bank emerged as the biggest loser, falling 4 per cent. JSW Steel, Reliance Industries, UltraTech Cement, Maruti, Tata Steel, Wipro, Tech Mahindra, Bharti Airtel and Larsen & Toubro were the other major laggards. Power Grid, Asian Paints, Sun Pharma, Axis Bank, NTPC, ITC and Infosys were among the gainers.
China's intriguing scandal relating to Bo Xilai took a new turn with revelations that Briton Neil Heywood murdered by the expelled Communist Party leader's wife was a spy working for British secret service - MI6.
The boards of ICICI Bank and Bank of Rajasthan put their seal of approval on the share exchange formula arrived at last week, when India's largest private sector lender announced the move to amalgamate BoR with itself.
A Chinese forensic scientist has cast doubt on the official version of the death of a Briton, which triggered a huge political scandal, ending the career of senior Communist Party leader Bo Xilai, whose wife has been convicted of poisoning the UK businessman.
The politically sensitive murder trial of Gu Kailai, the wife of disgraced senior Chinese Communist Party leader Bo Xilai, for allegedly killing a British businessman, would begin from August 9.
BoA has given formal approval to 15 special economic zones, including those of TCS and Cognizant, and in-principle nod to five, Commerce Secretary and BoA Chairman G K Pillai told reporters after the meeting in New Delhi.
The ex-police chief at the centre of China's biggest political scandal in years that rocked the ruling the Communist Party ahead of a key party meet to select new leadership has been charged with defection to the United States and abuse of power, the state-media reported on Wednesday.
A Pakistani media baron, the 45-year-old is the 37th full-time chairman of the PCB.
Bank of Maharashtra's public issue of 10 crore (100 million) shares at Rs 23 per share has been oversubscribed by over 10 times.
Disgraced Chinese Communist Party leader Bo Xilai sprang a surprise on the first day of his high profile trial on Thursday by defiantly going back on his earlier testimony, calling a witness a "mad dog" and describing his wife's evidence against him as "laughable".
Bharti Airtel was the biggest gainer in the Sensex pack, rising 2.37 per cent, followed by Mahindra & Mahindra, HCL Tech, Tata Motors, Tech Mahindra, HDFC Bank, Wipro, Tata Consultancy Services, Axis Bank and Nestle. Asian Paints, Hindustan Unilever, Bajaj Finserv and NTPC were among the laggards.
Bank of Baroda Q4 results: Key brokerages have raised their target prices on Bank of Baroda after the state-owned lender posted better-than-expected March quarter (Q4FY23) results. Analysts now see up to 29 per cent upside in the stock from a one-year perspective as they believe BoB is well-placed among the large public banks with nearly all key business metrics moving closer to the top-tier banks. Valuations, too, remain attractive despite steady strong quarterly performances.
Senior Chinese Communist Party leader Zhang Dejiang, who replaced disgraced Bo Xilai as the party chief of Chongqing, was on Thursday elected as chairman of the country's Parliament.
The US Federal Reserve's interest rate decision, global market trends and trading activity of foreign investors are the major factors that would dictate terms in the equity markets in a holiday-shortened week ahead, analysts said. Equity markets will remain closed on Tuesday on account of Ganesh Chaturthi. From the global front, interest rate decisions from the Bank of England and Bank of Japan would also influence market trends.
We as customers have to be conscious and careful to sidestep numerous types of frauds made possible under a mindless shift to a digital ecosystem without customer-redress procedures, warns Debashis Basu.
On Friday, November 3, 2023, Kangana Ranaut declared that she will contest the 2024 Lok Sabha election if Lord Krishna so wishes.
The trial of disgraced Chinese leader Bo Xilai's wife Gu Kailai, who was charged with the murder of a British businessman, would test the credibility of Chinese judicial system, state-run media said in Beijing on Friday.
The promoters, instead, raised it to 63.15 per cent, while reporting they'd brought it down to 28.6 per cent.
"The 46th meeting of the BoA on SEZs to consider proposals for setting up of SEZs and other miscellaneous requests is scheduled to be held on May 31," it said.
Gu Kailai, the wife of ousted Chinese leader Bo Xilai, has confessed in writing about her involvement in the murder of a British businessman, while four police officers admitted covering up the crime, state media reported on Friday.
Purged Chinese leader Bo Xilai ran a sophisticated bugging system that did not even spare his party boss and President Hu Jintao and this led to his downfall, the New York Times reported on Thursday.
Bank of India, the first public sector bank to establish a foreign branch, would open another five overseas offices and raise tier-II capital of Rs 300-500 crore (Rs 3-5 billion) to improve its capital adequacy ratio.
Mass protests continued in south-western Chinese city of Chongqing, the base of the purged charismatic Communist party leader Bo Xilai, with the authorities maintaining that the upsurge had nothing to do with his axing.
Once a K-drama buff, always a K-drama buff.
From the Sensex basket, Tata Consultancy Services, Nestle, Bajaj Finserv, Wipro, Maruti Suzuki India, Reliance Industries, Larsen & Toubro and NTPC were the major laggards. Tata Steel, Bajaj Finance, JSW Steel and Bharti Airtel were among the gainers.
Investors' wealth fell by Rs 2.89 lakh crore in two days of market fall, with the BSE Sensex tumbling 796 points on Wednesday, amid weak global market trends ahead of the US Federal Reserve's interest rate decision. Fresh foreign fund outflows and caution ahead of a host of interest rate decisions from global central banks also added to the overall bearish trend. Besides, the US Fed meeting, the BoE (Bank of England) and the BoJ (Bank of Japan) are also scheduled to meet this week.
Interim Budget, the US Federal policy decision and quarterly earnings will be the major drivers for stock markets which may also see some consolidation this week, say analysts. Besides, investors would also focus on the trading activity of foreign investors and global trends for further cues. From the macroeconomic front, the PMI (Purchasing Managers' Index) data for the manufacturing sector is scheduled to be announced on Thursday.
In yet another ceasefire violation, Pakistan on Thursday again resorted to firing on Border Out Posts along the International Border in the Samba and Jammu districts of Jammu and Kashmir.
Bank of India will not resort to panic selling and is open to offer funds to brokers needing additional liquidity in the face of the stock market mayhem, a top bank official said.
Vinod Mirani gives the box office verdict of the week.
Leading up to Valentine's Day on February 14, quick-commerce platforms like Blinkit and Swiggy Instamart have witnessed a phenomenal uptick in the sales of products related to the occasion, such as roses and chocolates. Meanwhile, e-commerce giants like Amazon and Flipkart have gone live with their respective Valentine's Day sale events, offering generous discounts on products. Sales of chocolates and roses on Zomato-owned Blinkit shattered previous records at the beginning of this year's Valentine's Day week, on February 7, which is celebrated as Rose Day.
Trade analyst Vinod Mirani gives us the box office verdict for the week.
Al-Hilal wrapped up a place in the Asian Champions League semi-finals as a 2-0 win over fellow Saudi Pro League side Al-Ittihad in Jeddah on Tuesday completed a 4-0 aggregate success and set a world record with their 28th straight win in all competitions.
Bracing for the once-in-a-decade leadership change, China's ruling Communist elite on Sunday expelled disgraced leader Bo Xilai, accused of corruption, sex and sleaze, in a scandal that has thrown the party into its biggest crisis in decades.
Bank of Maharashtra will tap the capital market on February 25 to raise Rs 230 crore (Rs 2.30 billion), which would be used for both organic and inorganic expansion.
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