The board of directors of the bank will meet next month to consider the proposal, the bank said in a regulatory filing.
This also marks the sixth consecutive monthly rise in the mutual funds' exposure to bank stocks.
FMCG major Unilever's volume in India for the first half of this year was 'flat in aggregate' on account of destocking of trade partners due to migration to new tax regime GST and economic crisis in Brazil.
According to the block deal data available with BSE, Macquarie Bank offloaded 11.25 lakh shares, or 0.24 percent stake, in the Aditya Birla Group firm.
BSE would shift as many as 28 stocks, including Shriram Asset Management Company and Sahara One Media & Entertainment, to the trade-for-trade segment represented by 'T', 'XT' or 'ST' groups.
A probe conducted by Sebi found that Prime Broking was holding 8.75 per cent stake in Aanjaneya Lifecare on behalf of its three clients -- Kannan Vishwanath, CSA Holdings and CLT Investments for more than two quarters
On the basis of EMA, a broad range the markets could hover between 9,450 on downside and 9,800 on the upside.
In case you missed it, here's a recap of all that happened in the pharma sector this week.
Labour Minister Bandaru Dattatreya also said that the ministry is working on consolidating 44 labour codes into four in order to simplify them.
The bulls managed to push the Nifty50 back above its crucial level of 9,500 towards the close of the trade on Friday and made a small bullish candle on the daily charts.
The Nifty registered a ‘Hammer’ kind of formation on the weekly charts for the week ended June 30 as Bulls signed off the last trading session of the week in style.
Almost 50 percent of the listed stocks are in the green, while the rest have fallen off their listing prices.
With gains of over 15 percent so far this year, the Sensex has outperformed most major global indices, overriding worries about domestic company performance in part thanks to a pool of global investor cash looking for higher returns.
As the countdown towards the implementation of goods & services tax (GST) begins, D-Street has a busy week ahead.
Steady capital outflows amid a caution ahead of the release of RBI's minutes of its bi-monthly policy meeting largely weighed on forex trade.
The ignorance and uncertainty ahead of the GST rollout was palpable as we connected with dealers across industries. While large organised players may be nearly ready for GST, the same is not the case with many smaller entities.
India could be a bright spot and the FII inflows can, not just sustain but accelerate in the coming years.
The resignation is seen as a measure to ensure the enquiry by SEBI proceeds smoothly
Ashwani Gujral of ashwanigujral.com suggests buying Dabur India and Federal Bank.
World stocks hit record highs on Thursday, while oil fell after top producers extended output cuts for shorter than some in markets had expected.
Videocon Industries has been under pressure after Dena Bank classified Videocon as a non-performing asset, when it reported its results for the quarter ended March 9.
Nifty has support at 9375-9312 and resistance at 9500 while Bank Nifty has support at 22450-22400 and resistance at 22800, says Prakash Gaba of prakashgaba.com.
Fund managers chose to exit blue chip names such as Coal India, Cipla, HCL Tech, among others, IDBI Capital said in a report.
The market is likely to trade in a range as long as Nifty50 trades below 9,450-9,500 levels.