Sensex, Nifty opens flat

Mumbai (IANS) Sensex and Nifty opened on a flat note on Friday. Selling pressure was seen in sectors like metal, media and IT scrips during the early trade.

At 9.16 a.m., the Sensex traded 26.32 points lower at 37,804.66 from its Thursday's…

PNB returns to black with a bang, Q1 net at Rs 1,019 cr

New Delhi (IANS) Country's second-largest lender, the Punjab National Bank, on Friday reported a surprise profit of Rs 1,018.63 crore for the quarter ended June 30 on a big drop in provisioning for NPAs, thereby returning to black once again but…

Reliance Capital cuts its CP dues to nil, settles Rs 75 cr

Mumbai (IANS) The Anil Ambani-led Reliance Capital Ltd on Thursday said it has fully repaid its outstanding commercial paper (CP) of Rs 75 crore and cut its CP dues to zero.

In a statement, the company said it has repaid the CP outstanding…

Bill amending bankruptcy law tabled in Rajya Sabha

New Delhi (IANS) Seeking to fill up the gaps in corporate insolvency resolution framework, Finance Minister Nirmala Sitharaman on Wednesday tabled a bill to amend the Insolvency and Bankruptcy Code, 2016.

The proposed changes…

'Significant' outcome from ongoing resolution process: IL&FS

New Delhi (IANS) Crisis-ridden IL&FS on Wednesday said that its new board, headed by Uday Kotak, has taken key steps in resolving the over Rs 20,000 crore debt, which has resulted in "significant interim" outcome in the overall resolution…

Govt may close NTPC-SJVNL, IOC/BPCL-GAIL M&A deals in FY20

New Delhi (IANS) At least two PSU merger and acquisition deals would be concluded by the government in the current fiscal to reach closer to the higher disinvestment target of Rs 1,05,000 crore.

Top sources in the government said that the deal…

Sensex in red amid heavy fund outflow

Mumbai (IANS) The Sensex traded slightly lower amid heavy outflow of foreign funds on Tuesday and caution ahead of key quarterly results.

Monday saw the Foreign Institutional Investors (FIIs) selling nearly Rs 2,000 crore worth…

Sensex sheds 300 points as equity indices open in red

Mumbai (IANS) The key Indian equity indices opened on a negative note on Monday, with the BSE Sensex losing over 300 points.

The Nifty50 on the National Stock Exchange was also down over 100 points, continuing the bearish trend…

SC's status quo on Essar Steel sale to ArcelorMittal

New Delhi (IANS) The Supreme Court on Monday ruled status quo on the sale of Essar Steel to Arcelor Mittal.

A bench headed by Justice Rhinton F. Nariman admitted the appeals by Essar Steel lenders and Arcelor Mittal challenging the order of…

Sensex down 850 pts in two days over intense FII outflow

Mumbai (IANS) Sensex lost over 850 points in past two sessions as the government ruled out any possibility of a roll-back of increase in tax surcharge for the super-rich in the Budget.

Since, July 5, when the Union Budget was proposed, Foreign…