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Lakshmi Vilas Bank Gets Non-Binding Offer From Clix Group
Reuters | Thursday October 08, 2020The bank was first approached by lender Clix Capital, a part of the Clix Group and majority owned by Mumbai-based private equity firm AION Capital Partners, with a letter of intent in June. -
Equity Mutual Funds See Outflows Of Rs 734 Crore In September
Press Trust of India | Thursday October 08, 2020In September this year, except large & mid-cap, focused and sectoral categories, all the other equity categories witnessed net outflow. -
Sensex, Nifty Rallies For Sixth Straight Session Led By Gains IT Shares
Edited by Abhishek Vasudev | Thursday October 08, 2020Nine of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty IT index's over 3 per cent gain. -
Sensex Closes 304 Points Higher, Nifty Reclaims 11,800 As Markets Extend Rally To Sixth Day
Edited by Sandeep Singh (with inputs from agencies) | Thursday October 08, 2020Wipro, Cipla, TCS, UltraTech Cement and Infosys, ending between 3.01 per cent and 7.34 per cent higher, were the top gainers in the 50-scrip benchmark index. -
TCS, Wipro Record Highs Fuel Rally In IT Share. Here's Why
Written by Abhishek Vasudev , Edited by Sandeep Singh | Thursday October 08, 2020TCS kicked off the earnings season on Wednesday, by reporting a net profit of Rs 7,475 crore in the July-September period. -
Stock Market Updates: Sensex Soars 550 Points, Nifty Near 11,900; TCS, Wipro Hit Record Highs
Edited by Sandeep Singh (with inputs from agencies) | Thursday October 08, 2020Stock Market Updates: Wipro shares jumped 6.28 per cent to a record high of Rs 356.30 apiece on the BSE, after the IT company said it will consider a stock repurchase. -
UTI AMC IPO: Here's How To Check Allotment Status
Edited by Peter Noronha | Thursday October 08, 2020The IPO comprised sale of 3,89,87,081 equity shares, or 30.75 per cent stake by existing shareholders, including State Bank of India, Life Insurance Corporation, Bank of Baroda, Punjab National Bank and T Rowe Price International. -
Mazagon Dock Shipbuilders IPO: How To Check Allotment Status
Edited by Peter Noronha | Thursday October 08, 2020The share offering of the country's largest defence company received bids for 481.65 crore shares, as against the issue size of 3.06 crore, NSE data showed. -
Amazon Says Indian Partner Broke Pact With Mukesh Ambani Sale Deal
Saritha Rai, Bloomberg | Thursday October 08, 2020Reliance announced it would buy the retail, wholesale, logistics and warehousing units of the indebted Future Group, almost doubling its footprint as India's largest retailer. -
Wipro Rallies Nearly 6% As Board To Consider Share Buyback Proposal
Edited by Abhishek Vasudev | Thursday October 08, 2020Since the start of this year, Wipro has given strong returns to the investors as the stock has rallied 44 per cent. -
Stock Market Updates: Sensex Crosses 40,000 For First Time In 5 Weeks; TCS Hits Record High
Edited by Sandeep Singh (with inputs from agencies) | Thursday October 08, 2020Stock Market Updates: Infosys, TCS and HDFC Bank were the biggest boosts to Sensex, together contributing more than 250 points to the gain in the index. -
TCS Shares Soar To Record High After Mega Buyback Announcement
Edited by Sandeep Singh (with inputs from agencies) | Thursday October 08, 2020TCS Share Price: At 9:50 am, TCS shares traded 4.44 per cent higher at Rs 2,858.95 on the bourse, outperforming the benchmark Sensex index which was up 1.22 per cent. -
Amazon Sends Legal Notice To Future Group Over Reliance Deal: Report
Reuters | Thursday October 08, 2020In August, the Mukesh Ambani-led Reliance Industries said it would acquire the retail and wholesale business as well as the logistics and warehousing business of Future in a deal valued at $3.38 billion, including debt. -
Government Introduces New Gas Marketing Norms To Help Producers
Reuters | Thursday October 08, 2020Mr Pradhan said the new, more transparent price discovery mechanism would help raise daily gas production from the Krishna Godavari basin on the east coast and other parts of the country by 40 mmscm. -
Maintaining Loan Book Quality Is A Top Priority: SBI's New Chairman Dinesh Kumar Khara
Reuters | Thursday October 08, 2020SBI is witnessing credit growth of around 6-7 per cent, while business is "70-80 per cent back to pre COVID-19 levels," for the bank, Dinesh Kumar Khara, Chairman, SBI said.
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