Jul 22, 2016 at 17:34 | Source: PTI
The approval of the board is subject to shareholders' approval through special resolution, the power PSU said.
Jul 22, 2016 at 08:24 | Source: PTI
The central government plans to allocate Rs 70,000 crore spread over four years towards recapitalisation of PSU banks to contain risks in the banking industry.
Jul 20, 2016 at 19:24 | Source: Moneycontrol.com
The capital infusion will help improve the banks' capital ratios by 30-160 basis points. But, it will also result in around 10-60 percent dilution of share value at the current market price. Also, it will result in the fall in BVPS (book value of equity per share) for most of the banks, the report says.
Jul 20, 2016 at 09:10 | Source: PTI
Hailing infusion of Rs 22,915 crore capital into 13 PSU banks by the Centre as an "intelligent move", Indian Bank Managing Director and CEO Mahesh Kumar Jain said it would help the lenders to focus on credit growth.
Jul 19, 2016 at 20:48 | Source: PTI
The country's largest coal miner is also offering e-voting facility as an alternate mode of voting to all members to enable them cast their votes electronically instead of dispatching Postal Ballot Forms.
Jul 19, 2016 at 17:49 | Source: CNBC-TV18
SP Tulsian in an interview to CNBC-TV18 shares his views on power transformer companies and why he prefers avoidiing public sector banks for now. He also shares his take on oil marketing companies and specific stocks like Exide Industries.
Jul 19, 2016 at 16:53 | Source: CNBC-TV18
It is a good time to book profits because earnings are likely to be volatile. Moreover, even if earnings are good, they are already priced-in, says Ashwani Gujral of aswhanigujral.com.
Jul 19, 2016 at 13:30 | Source: Moneycontrol.com
"Consequent upon the capital infusion exercise for the current year, 75 percent of the amount collected for each bank is being released now to provide liquidity support for lending operations as also to enable banks to raise funds from the market," says the government in its release.
Jul 19, 2016 at 13:12 | Source: Moneycontrol.com
Seventy five percent of the fund infusion will be made immediately, the government said in a press release, while the remaining amount will be linked to performance.
Jul 19, 2016 at 13:00 | Source: Moneycontrol.com
ICICI Bank, SBI, Lupin, Sun Pharma and ONGC are top gainers while HUL, M&M, Hero and HDFC twins are losers in the Sensex.