Sensex 29182.95 -498.82 -1.68%
Nifty 8808.9 -143.45 -1.6%
Further, the Govt. of India, Ministry of Finance, Department of Financial Services vide its Notification No. 4/4/2011 - BOI dated 30.08.2012 has notified that the financial and administrative powers of chairman and managing director shall be exercised by T R Chawla and Arun Tiwari, both executive directors of the bank, with the approval of the board of directors/management committee of the board as the case may be till such time a regular incumbent is appointed by the Government of India as chairman and managing director of the bank.
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India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.