Yes Bank, IndusInd Bank shares gain up to 2% on Sensex inclusion news Posted on 20th November 2017 |
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| Yes Bank and IndusInd Bank stocks opened higher on Monday and further extended the gains on news of inclusion in the 30-share benchmark index — Sensex. The private sector lenders Yes Bank and IndusInd Bank will enter in the BSE Sensex with effect from 18 December 2017. Following the inclusion of Yes Bank and IndusInd Bank, two pharma sector stocks, Cipla and Lupin, will be removed from the index. The stock of Yes Bank gained jumped 2.58% to hit the day’s high of Rs 314 after opening up 1.09% at Rs 309.45 while shares of IndusInd Bank rose 1.13% to the day’s high of Rs 1,650.45 0.2% at Rs 1,635.25. The shuffling in the indices are announced by Asia Index, a joint venture between S&P Dow Jones Indices LLC and BSE. The move is a part of Asia Index’s semi-annual reconstitution results. “Effective at the open of Monday, December 18, 2017, following changes will be made to these indices,” Asia Index said. Apart from the shuffling in Sensex, few changes are also made in other indices too. In the BSE 100, the index of top 100 listed companies, Federal Bank, Grasim Industries, Vakrangee and Bajaj Holdings & Investment will be added while United Breweries, Steel Authority of India, Canara Bank and Reliance Infrastructure will see an exit from the index. Besides these, changes have been announced in Sensex 50, Sensex Next 50, BSE 200 and BSE 500 indices respectively. Sensex and Nifty opened little higher on Monday as most of the Asian markets fell in morning trade. BSE Sensex gained 23.04 points to open at 33,365.84 whereas NSE Nifty added 3.6 points to begin at 10,287.2. Meanwhile, the Indian bond yields fell heavily in the early session today after the Reserve Bank of India withdrawn the sale of worth Rs 10,000 crore worth of bonds via open market operations. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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