Category: Uncategorized

PNB share jumps over 3% on Moody’s upgrade; SBI, ICICI Bank fall on RBI directive to link lending rates

Source: Shares of Punjab National Bank (PNB) jumped over 3 per cent in intraday trade on the Bombay Stock Exchange (BSE) on Thursday after global rating agency Moody’s upgraded the outlook on the lender to ‘positive’ from ‘stable’. In contrast, the S&P BSE Bankex index was trading 259.18 points, or 0.85 per cent, lower

Suzlon Group’s Net Loss was ₹3.37 Billion in the First Quarter of FY 2020

Source: Suzlon Group, a renewable energy solutions provider, headquartered in Pune, has announced its financial results for the first quarter (Q1) of the fiscal year 2019-20 (FY20). The revenue of the Suzlon group for Q1 FY20 came to ₹8.33 billion (~$117 million). In terms of the pre-forex (foreign exchange) operating performance, the earnings before

Air India moves quickly on 2nd sale bid, Ashwani Lohani calls unions on Monday

Source: Mumbai: Acting quickly on the government’s second attempt to sell the financially-crippled national carrier Air India, its chief Ashwani Lohani has called a meeting of all the 13 unions Monday to discuss the terms of privatisation, according to sources. The government Friday reiterated its intent to exit Air India with finance minister Nirmala Sitharaman

Maruti Suzuki to Motherson Sumi, here are stocks that are top picks of experts in auto sector

Source: The bitterness in auto sales continued even for the month of June this year. Right from passenger vehicles, commercial vehicles, tractors, to two-wheelers all saw either subdued or weak demand. This was also the performance indicator for first quarter of FY20 in the auto industry, which will have its own impact on financial