Yes Bank scrips hit 52-week low after quarterly results

Mumbai (IANS) Private-lender Yes Bank hit its lowest level in 52 weeks after it fell as much as 15 per cent on the BSE on Thursday, following the company's June quarter results.

Investors distanced themselves from Yes Bank counter after…

ED attaches properties of BIL, others in ponzi case

New Delhi (IANS) The Enforcement Directorate on Thursday said it has attached properties totalling Rs 200 crore of different companies of the Basil International Ltd in several states in its probe into a ponzi scheme case.

In a statement, the…

Sensex opens tad higher as Wipro, Yes Bank, Mindtree results awaited

Mumbai (IANS) The Sensex on Wednesday opened slightly higher above the 39,000 mark as result of several corporate biggies were awaited.

Corporate earnings of companies like Yes Bank, Wipro and Mindtree will be announced later in the result-heavy…

Jalan panel suggests fund transfer in tranches over 3-5 years

New Delhi (IANS) The Bimal Jalan panel on Wednesday finalised the report on RBI surplus capital and though not unanimous on the quantum of transfer, it has recommended 3-5 year formula for transfer of surplus in tranches to the government.

Sources…

Government to amend IBC, raise resolution time frame limit to 330 days

New Delhi (IANS) The government on Wednesday cleared the introduction of seven amendments to the Insolvency and Bankruptcy Code (IBC) in the Parliament, including raising maximum resolution time frame limit to 330 days from the current 270 days.

Trump says US tariffs on China having 'major effect'

Washington (IANS) US President Donald Trump has said that the tariffs imposed by his administration were taking a toll on China's economy, causing the Asian giant's growth rate to slow.

"China's 2nd Quarter…

Tight liquidity dents June PV retail sales: FADA

New Delhi, July 16 (IANS) Tight liquidity conditions, along with a delay in Monsoon, dented consumer sentiment and dragged passenger vehicle (PV) retail sales lower by 4.6 per cent on a year-on-year basis in June.

According to data furnished…

Sensex ends 234 pts higher, Yes Bank gains 12%

Mumbai (IANS) Recovery in auto stocks and earning optimism over select stocks drove the markets higher for the second day in a row.

Sensex extended gains after opening a tad higher and ended Tuesday's session 234.33 points higher at…

Bhushan Power fraud: Allahabad Bank down 11%

Mumbai (IANS) In reaction to the Rs 1,774.82 crore Bhushan Power & Steel Ltd (BPSL) fraud that Allahabad Bank reported in the weekend, its scrips fell by over 11 per cent during the early trade on Monday.

At 9.22 a.m., the state-run…

Slowdown woes: Ashok Leyland temporarily shuts Pantnagar plant

Mumbai (IANS) Commercial vehicle maker Ashok Leyland on Monday said that owing to the "weak demand and outlook for the industry", it will close its Pantnagar plant in Uttarakhand for 9 days.

"The Company's Plant situated…