The Indian benchmark indices opend on a negative note on Wedneday morning with the Sensex falling 123 points while the Nifty was down 50 points and was trading below the 10,200 mark.The Nifty PSU banking index continued to head lower and was trading down 1.6 percent dragged by Punjab National Bank, State Bank of India, Allahabad Bank, Canara Bank and Andhra Bank.The Nifty PSU bank index cracked yesterday and closed 2.87 percent lower after investigation deepened in the PNB fraud case. The largest contributor to the index fall was Bank of India which plunged 6.46 percent, hitting fresh 52-week low. Syndicate Bank ended lower by 5 percent.Close Global research firm Credit Suisse has come out with a report on PSU banks. It is of the view that the bond hit will add to Q4 woes while over ownership will weigh on earnings. It feels that the PSU banks are staring at potential treasury loss of Rs 20,000 crore in Q4. related news Adani Transmission hits 52-week high on stake sale in a … [Read more...] about Credit Suisse expects PSU banks to report treasury loss of Rs 20K cr in Q4; overweight on SBI, BoB
The Indian equity market had a disappointing day on Tuesday after the broader benchmark indices shed over 1 percent each. The Sensex was down 429 points or 1.27 percent while the Nifty fell 109 points at 10, 249.The Bank Nifty ended lower by 1.5 percent dragged mainly by the PSU banks. ICICI Bank was down 2.74 percent after SFIO summons to Chanda Kochchar.However, the biggest drag to the market fall was that of the PSU banking index which cracked 2.87 percent after investigation deepened in the PNB fraud case. The largest contributor to the index fall was Bank of India which plunged 6.46 percent, hitting fresh 52-week low. Syndicate Bank ended lower by 5 percent.Close Canara Bank was the other PSU bank which fell 5.1 percent, thereby registering a new 52-week low. Oriental Bank of Commerce ended lower by 3 percent while PSU heavyweights including State Bank of India and Punjab National Bank shed over 2 percent each. related news D-Street Buzz: Metal stocks under pressure led … [Read more...] about PSU Bank index closes 2.8% lower dragged by BOI, Canara Bank; SBI, PNB fall 2%
The Internet–time suck that it is–also serves as an important source of creative inspiration. We asked Fast Company’s Most Creative People in Business of 2015 to point us to the Twitter and Instagram accounts they turn to the most when seeking insight, inspiration–or just a fun break in the middle of the day. Here’s what they said: advertisement advertisement Dao Nguyen, Buzzfeed, #3: “I kind of feel bad, but I love the BuzzFeed Food Instagram account. They’re really experimenting with a lot of new ways of talking about food and how to make food on Instagram. I’m kind of pitching my own company’s stuff, but I really think it’s great.” Rajan Anandan, Google, #2: “Marc Benioff (@Benioff). Marc is very broad, with a great grasp of social, tech trends, everything. He provides me a single window into cloud computing, San Francisco, and the Benioff magic.” Amazing good food manifesto about @hamptoncreek … [Read more...] about Who The Most Creative People In Business Follow On Twitter And Instagram
Days after the Samajwadi Party (SP) and the Bahujan Samaj Party (BSP) announced their decision to contest the Lok Sabha polls together from Uttar Pradesh, BSP satrap Mayawati, on her 63rd birthday, appealed to members and workers of both parties to forget their past differences.As the leader was greeted by SP chief Akhilesh Yadav at her residence in Lucknow on her birthday on January 15, she said, “Forget past differences and ensure the victory of all joint candidates of SP and BSP. This will be my ideal birthday gift.”The parties, which have decided to contest general elections on a 50-50 seat-sharing deal, are itching to bury the hatchet in an attempt to make a formidable alliance to beat the BJP, which had won 71 out of 80 seats in the 2014 Lok Sabha polls. While the SP had managed to win a meagre five seats, the BSP won none.Close But it won’t be easy for the bitter rivals to forget and forgive, especially after witnessing a dark past in the history of Indian … [Read more...] about Forget past differences with SP, says BSP supremo Mayawati on 63rd birthday. Easier said than done?
Dr. Hugh Sealy is sitting in his office in Grenada, looking out at a Caribbean bay and contemplating the work that lies ahead of him. Just about a week ago, at the climate treaty negotiations in Paris, he and dozens of other delegates representing small island nations like Grenada, the Maldives, and the Marshall Islands joined in singing Bob Marley’s “Three Little Birds.” The group was celebrating: the world’s nations had actually agreed to try and save their small populations from certain doom. advertisement advertisement They lyrics to the song say “everything is gonna be alright.” But even a week later, Sealy knew that was far from guaranteed. The Paris Agreement was, in improbable ways, a victory for extremely climate-vulnerable nations like the Maldives, for which Sealy served as lead negotiator this year. The world had spent the previous decade trying and failing to come to an agreement to limit global warming to 2 degrees Celsius by … [Read more...] about How The Islands That Will Be Destroyed By Climate Change Won A Victory In Paris