Source: moneycontrol.com Benchmark indices have turned around with Sensex jumping 263 points at 36,736 mark while the Nifty spiked 96 points and is trading at 10,837 level. Finance Minister Nirmala Sitharaman will hold a press briefing today evening, a government spokesman said, amid expectations that the government would announce steps to revive economic growth, […]
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Why MCLR linked home loans fail to reduce your EMIs
Source: moneycontrol.com Will I get the benefits of a rate cut? Would my EMIs (equated monthly instalments) reduce? These questions get played almost on a loop each time the Reserve Bank of India (RBI) slashes interest rates. The RBI on its part has cut rates by 110 basis points so […]
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Govt not keen on PSU banks seeking capital from LIC
Source: Cogencis.com NEW DELHI – The government is not in favour of state-owned banks approaching domestic institutional investors such as Life Insurance Corp of India for equity capital infusion, a senior finance ministry official said. Last week, UCO Bank said it had approached LIC for investment in its equity share […]
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Bhushan Power & Steel fraud: After PNB, more lenders may report misappropriation of funds
Source: businesstoday.in Two days after the Punjab National Bank (PNB) announced the detection of the Rs 3,805 crore fraud by Bhushan Power & Steel Ltd (BPSL), the buzz is that the scope of the fraud may be much wider, involving more lenders. After all, as many as 33 lenders have […]
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DRT directs Nivav, aides to pay over Rs 7,200 cr to PNB and others
Source: business-standard.com In fresh trouble for Nirav Modi, who is currently lodged in a London prison, the Pune bench of the Debt Recovery Tribunal (DRT) Saturday directed the fugitive diamond merchant and his aides to pay over Rs 7,200 crore with interest to the Punjab National Bank (PNB) and others. […]
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Basmati exports to Iran back on track after embargo-induced roadblocks
Source: business-standard.com Basmati exports to Iran, which is currently facing US sanctions on crude oil, are back on track after initially facing roadblocks following the trade embargo. After the US imposed trade sanctions on Iran in May, Indian basmati exporters, fearing uncertainly and payment defaults, adopted a wait-and-watch stance and […]
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RBI fines PNB, Allahabad Bank, UCO Bank, Corporation Bank for flouting KYC norms
Source: .businesstoday.in The Reserve Bank of India (RBI) has fined four public sector banks including PNB and UCO Bank Rs 1.75 crore for not complying with the Know Your Customer (KYC) norms and rules for opening current accounts. The penalty is being levied on Punjab National Bank (PNB), Allahabad Bank, […]
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HDFC, Bajaj Auto, Bajaj Finance among 126 stocks showing strong bullish trends on MACD charts
Source: economictimes.indiatimes.com New Delhi: With Union Budget 2019 just a few days away, a total of 126 stocks including blue clips like HDFC, Bajaj Auto and Bajaj Finance are showing strong trend on the technical charts, as suggested by moving average convergence divergence, or MACD. The momentum indicator signalled a […]
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Corporation Bank leads gainers in ‘A’ group
Source: business-standard.com EID Parry (India) Ltd, UCO Bank, Union Bank of India and Linde India Ltd are among the other gainers in the BSE’s ‘A’ group today, 28 June 2019. Corporation Bank surged 8.46% to Rs 25.65 at 11:49 IST. The stock was the biggest gainer in the BSE’s ‘A’ […]
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Hindalco, Sun Pharma, Suzlon among 38 stocks that look set to rally, shows MACD
Source: economictimes.indiatimes.com NEW DELHI: The domestic stock market looked directionless on Tuesday, but at least 38 NSE-listed stocks are high on momentum. They looked strong on the technical charts, as suggested by moving average convergence divergence, or MACD, even as the broader market showed no signs of a rebound. The […]
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3 stocks that spiralled down for five consecutive fiscals
Source: dsij.in Three stocks that exhibited a declining trend for five successive financials years include UCO Bank, Indian Overseas Bank and Reliance Power. The weak operational performance caused the shares of these companies to drop 74 per cent, 77 per cent and 96 per cent, respectively. So far in FY20, […]
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