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As economy reels under rising NPAs, banking frauds, bank officials to brief parliamentary panel today

In wake of mounting bad loans and banking frauds, top officials of both public and private banks will on Monday brief a parliamentary panel. The Indian Banks’ Association (IBA) officials have been called today to appear before the Parliamentary Standing Committee on Finance headed by Verappa Moily, according a Lok Sabha bulletin. The association has

sensex, nifty
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Sensex sheds 95 points; banking, PSU stocks slip as markets witness ‘price correction’

Markets saw a price correction on the first session of the new June series derivatives today, with the Sensex losing over 95 points and the Nifty closing below the 10,700-mark. Weakness in banking stocks offset gains in auto despite robust GDP numbers for the January-March quarter amid sustained foreign fund outflows. Leads from other Asian

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Sensex rises over 100 points on robust GDP data, strong rupee

The advanced about 106 points in early session today, maintaining its positive form for the second day following robust growth data for the March quarter.  Investors creating new positions at the beginning of the June futures and options (F&O) series also lifted the key indices. The 30-share index, which had rallied 416.27 points in the previous

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100% return in 11 days: Anil Ambani’s RCom shares dazzle as NCLAT seals the deal with Mukesh Ambani’s Jio

Shares of Anil Dhirubhai Ambani Group’s telecom company Reliance Communications (RCom) have doubled the money in just 11 days returning as much as 100% as NCLAT on Wednesday allowed RCom to proceed with the asset sale to Mukesh Ambani-controlled Reliance Jio Infocomm and Brookfield. Further, NCLAT (National Company Law Appellate Tribunal) had stayed the order of NCLT (National