News Overview

Indian banks have benefitted from regulatory-sanctioned deferred recognition of Covid-19 pandemic-driven stress, which has led to a decline in impaired loan ratios and an earnings recovery that is being driven by lower loan impairment charges.

Larsen & Toubro (L&T) announced that The Gujarat Water Infrastructure (GWIL) bagged the engineering, procurement and construction orders for the design and construction of the Dhanki-Navda Bulk Pipeline project in Gujarat.

Ruchi Soya Industries Ltd registered volume of 55096 shares by 10:51 IST on BSE, a 14.91 fold spurt over two-week average daily volume of 3696 shares

Hindalco Industries fell 1% to Rs 583.10 after ICICI Prudential Mutual Fund (MF) sold 11.81 lakh equity shares or 0.05% stake of the company on 9 March 2022.

On 15 March 2022

The company will acquire 22.50% of the equity share capital of NAO on a fully diluted basis.

On 15 March 2022

The company has been declared as highest bidder with Rs26 crore bid, for the E-Auction of Assets.

The general idea is that when times are tough, the owned gold can be used to secure a loan or sold to cater to the needs of the person or the family.

CSB Bank said that today (14 March 2021) the normal functioning of the branches/offices of the bank may be affected on account of the strike being done by the United Forum of Bank Unions (UFBU) and its members.