Markets spirited attempt reclaim its stature after two weeks of slump were frustrated by PNB fraud shocker as both the Sensex and Nifty managed to close the week flat.
State Bank 0f India said it will issue equity shares to government at a price of Rs 300.82 a piece against a capital infusion of over Rs 8,799.99 crore.
Flemingo Travel Retail has filed preliminary papers with the capital markets regulator Sebi to garner Rs 2,600 crore through an initial share-sale.
Infosys, India's second largest software services firm, said it has divested its investment in OnMobile Systems Inc for USD 2.49 million.
Both the indices ended flat for the week. The Sensex rose marginally by 5 points, while the Nifty slipped by 2.65 points.
Giving up early gains, benchmark Sensex tumbled 287 points to end at 34,010.76 on widespread selling in auto, metal, PSU, capital goods, realty and banking counters.
BSE Sensex pared its initial gains to turn negative in afternoon session, down 198.25 pts, or 0.58%, due to correction seen in banking, financial and auto stocks.
The Nifty PSU bank index fell as much as 2.4%, with Bank of India shedding 3% and Union Bank of India and Bank of Baroda dropping over 2% each.
MSCI strongly suggested that India’s three main stock exchanges reconsider their anti-competitive measures that restrict the accessibility of the Indian equity market.
Shares of Union Bank of India today declined more than 3 per cent in morning trade after the lender said it has an exposure of Rs 1,900 crore to the PNB fraud case.
US dollar ends higher against rupee
Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.
Following are the Interbank forex and RBI rates: (In Rs per unit) Unit Interbank RBI Reference US Dollar 64.21/22 US Dollar Rs 63.9097 Pound Sterling 90.34/36 Euro Rs 80.1683 Euro 80.18/20 Japanese Yen (100) 60.50/52
Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors
Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share
MAHINDRA & MAHINDRA
To invest in Zoomcar India, Zoomcar Inc, U.S.
To invest Rs 176 cr in Zoomcar India
Initial investment in Zoomcar India likely to be completed by Feb 20
Additional investment in Zoomcar India expected to be completed by Aug 31
Co’s stake to increase to 16%
RBI inspection had found diversion of funds within group firms
Funds to the tune of Rs 525 cr given to intermediary borrowing cos
Religare Finvest increased corporate loan book against RBI’s directions
RBI has asked for clarity on rollover of fixed deposits with a bank
Findings suggested continued weakness of internal controls
Economic Times Reports
SC Allows Sale Of Fortis Health Shares Pledged With Lenders
SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis
Earlier, SC had restrained financial institutions from selling pledged shares
Business Standard Reports
Granted European GMP certification from Hungarian regulators for Mfg plant at Goa