Here are some stocks that are in news today:October IIP at -3.8 percent versus -4.3 percent, MoMNovember CPI at 5.54 percent versus 4.62 percent, MoMClose Wipro: Company bagged multi-year order from Olympus for cloud services. related news SpiceJet grounds 3 cargo aircraft; shares stay in the green Maruti to add BS-VI diesel variants of Ciaz, Ertiga, S Cross, Vitara Brezza: Report These battery stocks are good for a long-term charge Navin Fluorine: Company will invest over Rs 450 crore in a new project at Dahej, Gujarat.Ashok Leyland appoints Vipin Sondhi as chief executive officer and managing director of the companyInfosys' subsidiary EdgeVerve Systems in partnership with IDEGO to develop and deliver innovative tech products to their customers across Latin AmericaAllahabad Bank cuts MCLR by 5 bps across different tenorsBiocon & Equillium Inc expand exclusive licensing agreement for Itolizumab to Include Australia and New ZealandTCS - South African Depository … [Read more...] about Stocks in the news: Wipro, Biocon, IndiGo, Navin Fluorine, Infosys, Hero MotoCorp, SpiceJet
Bank of america news
Explained | The NAC Bank will allow students to drop a course and join another, without losing credits
Bhopal's Satish Mehta had to move to Mumbai after his first year of postgraduate education due to his father's transferable job. Not only did have to deal with the blow of losing a year, his project on use of artificial intelligence in hospitals was also not considered.He would have immensely benefitted if the proposed National Academic Credit Bank (NAC Bank) existed at that time.The University Grants Commission (UGC) has proposed the NAC Bank, which gives students the flexibility to transfer credits from one institute to the other, and also enables multiple points of entry/exit.Close Once NAC Bank comes into force, a student who is facing a similar situation like Satish can directly join an institute for the second year MSc course. Further, the project completed in Bhopal will also be considered for his science degree in Mumbai. related news Are HNIs moving to these newer tax havens to secure assets against uncertainty? BJP can't bulldoze states to implement … [Read more...] about Explained | The NAC Bank will allow students to drop a course and join another, without losing credits
Nifty Bank marches toward record high on likely resolution of 4 NPA cases in December
PSU banks were among top gainers on December 13 after media reports suggested banks are likely to get payments from Essar Steel resolution this month.The Nifty PSU Bank index rallied 3.66 percent to 2,561.60 and Nifty Bank traded above the psychological 32,000-mark, rising over a percent at the time of publishing this copy.Union Bank, OBC, Canara Bank, Syndicate Bank, Bank of India, IDBI Bank, Punjab National Bank, Bank of Baroda, Axis Bank, Yes Bank, SBI, RBL Bank, IndusInd Bank, Federal Bank and IDFC First Bank gained 1-7 percent while UCO Bank rallied 12 percent and Corporation Bank gained 13 percent. ICICI Bank was up 0.85 percent.Close "Almost two years after lenders sent Essar Steel to insolvency court, the end may be in sight. The resolution may be completed on December 16. Ruchi Soya and Bhushan Power cases may also be resolved by the year-end," CNBC-TV18 said quoting sources. related news BGR Energy share price locked in 20% upper circuit on Rs 4,442-cr order win D- … [Read more...] about Nifty Bank marches toward record high on likely resolution of 4 NPA cases in December
D-Street Buzz: PSU Bank, metal stocks shine led by SBI, Vedanta; Tata Motors up 3%, pharma drags
The Indian stock market is trading on a handsome note with Sensex jumping 307.99 points or 0.76 percent at 40889.70 while the Nifty gained 74.70 points and is trading at 12046.50.Nifty Metal is the outperforming sector, up 2 percent following news that the United States had reached a "deal in principle" with China to resolve a trade war that has rattled markets for nearly two years.Close The top gainers included Vedanta, Tata Steel, Hindalco Industries, Coal India, NALCO, SAIL, Hindustan Copper and Hindustan Zinc. related news BoB shares climb over 3% after share purchase agreement with Ansa Merchant Bank Mastek share price up 9% on stake sell in Majesco USA PSU Banks are also buzzing led by Oriental Bank of Commerce, Union Bank of India, State Bank of India, Syndicate Bank, Central Bank of India, Canara Bank, Bank of Baroda and Bank of India.Nifty Auto added a percent led by Tata Motors, Bharat Forge, Motherson Sumi Systems, Ashok Leyland, … [Read more...] about D-Street Buzz: PSU Bank, metal stocks shine led by SBI, Vedanta; Tata Motors up 3%, pharma drags
IPO meter: Only 7 out of 15 stocks listed with double-digit gains this year
Out of 15 companies that launched their IPOs in 2019 only seven stocks listed with double-digit gains.The issues that fared well were on the back of strong fundamentals of the company and in some of cases monopolistic market and niche business areas.Indian Railways Catering and Tourism Corporation (IRCTC), the only catering and ticket services provider to railways, witnessed the maximum listing gains of 101.3 percent on its first day - October 14. TheClose Rs 645-crore public issue was oversubscribed by 112 times during September 30-October 3. related news Nifty Bank marches toward record high on likely resolution of 4 NPA cases in December BGR Energy share price locked in 20% upper circuit on Rs 4,442-cr order win D- Street Buzz: PSU banks surge on likely resolution of 4 NPA cases; Indiabulls Housing most active It was a multibagger stock this year, rallying 172 percent so far.The company has also diversified into other businesses, including … [Read more...] about IPO meter: Only 7 out of 15 stocks listed with double-digit gains this year
