PC Jeweller shares hit 10% upper circuit on settlement offer from PNB
Last month, PC Jeweller had also received a similar proposal from Union Bank of India to settle its outstanding dues.
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Union Bank shares gain on plan to raise funds up to ₹10,000 cr in FY25
The PSU bank plans to raise funds through equity and bonds during the current fiscal.
PNB, NMDC, Union Bank, BHEL, GMR Airport enter MSCI indices; here’s how stocks reacted
PNB and Union Bank will be added to the MSCI Global Standard Indexes, while NMDC, GMR Airport, BHEL, PNB, and Union Bank will enter India standard indices
Gap-down opening seen for Sensex, Nifty; Indiabulls Housing Finance, ICICI Bank, Union Bank in focus
Indian benchmark indices, Sensex and Nifty, are slated to open lower on Friday, following weak cues from Asian peers and a negative finish at Wall Street in overnight trade.
Post-merger, clean-up ops underway at PNB
The merger and asset quality overhang may have kept its growth tepid, but it posted a higher-than-expected net profit of ₹506 crore in the third quarter.
The inside story of mega bank mergers
An extract from the forthcoming book ‘Pandemonium: The Great Indian Banking Tragedy’ gives a behind-the-scenes glimpse of how the Modi government’s ambitious bank merger plans unfolded.
