Bandhan Bank shares rally 12% as key overhangs resolved
Business Standard|October 12, 2024
Kolkata-based Bandhan Bank's share price jumped more than 12 per cent on Friday after two major uncertainties concerning the bank - the appointment of a new managing director (MD) and chief executive officer (CEO) and the outcome of the forensic audit by the National Credit Guarantee Trustee Company (NCGTC) being not worrisome as was feared - were resolved.
SUBRATA PANDA

On Thursday, the bank informed the exchanges that it has received the Reserve Bank of India (RBI)'s approval to appoint career PSU banker Partha Pratim Sengupta as MD & CEO of the bank for a period of three years.

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Concor's growth route shifts as demand dips

Weak exim volumes, competitive pressures add to logistics firm's demand woes

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Business Standard

Benchmarks fall as IT, auto shares retreat

Benchmark indices declined for the second day. The Sensex fell 318.76 point or 0.39 per cent to settle at 81,501.36 while the Nifty dipped 86.05 point or 0.34 per cent to close at 24,971.30 on Wednesday.

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1 min  |
October 17, 2024
Business Standard

Global fund managers pare India allocation: BofA

Global fund managers increased their allocation to China at India's expense after Asia's largest economy unleashed a stimulus package, according to a survey conducted by BofA Securities.

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October 17, 2024
Quant MF scoops up nearly half of AEL's ₹4.2K cr QIP
Business Standard

Quant MF scoops up nearly half of AEL's ₹4.2K cr QIP

Subscribes 6.66 mn shares at ₹2,962 apiece

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2 mins  |
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MF licence aspirant list swells with new wave of AMCs ready to roll
Business Standard

MF licence aspirant list swells with new wave of AMCs ready to roll

New applications serve as launchpad for diversifying business and expanding capital market reach

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2 mins  |
October 17, 2024
' 'Kutty Japan' faces crackle of fireworks, barium bans
Business Standard

' 'Kutty Japan' faces crackle of fireworks, barium bans

Impressed by its industrial vibrancy, former prime minister Jawaharlal Nehru affectionately referred to this small city in Tamil Nadu as 'Kutty Japan' (Kutty means 'mini' in Tamil). Now, in 2024, Nehru's Kutty Japan, popularly known as Sivakasi, still contributes to over 85 per cent of the fireworks made in the country, lighting up the festive colours of every city and village in India.

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2 mins  |
October 17, 2024
Agencies actively pursuing bomb threat cases: Minister
Business Standard

Agencies actively pursuing bomb threat cases: Minister

Law enforcement agencies are actively pursuing all cases of bomb threats against airlines and the government is closely monitoring the situation, Civil Aviation Minister K Rammohan Naidu said on Wednesday.

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2 mins  |
October 17, 2024
Business Standard

Amazon Prime Video to introduce ads next year

Amazon's streaming platform Prime Video will include advertisements in shows and films for Indian viewers starting next year.

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1 min  |
October 17, 2024
Business Standard

Why language needs more than a tag

Earlier this month, the Union Cabinet granted classical language status to Marathi, Pali, Prakrit, Assamese, and Bengali. With Tamil (2004), Sanskrit (2005), Telugu (2008), Kannada (2008), Malayalam (2013), and Odia (2014) already designated as classical languages, this brings the total to 11.

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3 mins  |
October 17, 2024
I'm back: Omar Abdullah takes charge as J&K CM
Business Standard

I'm back: Omar Abdullah takes charge as J&K CM

5 ministers take oath, including Dy CM from Jammu region and 1 Independent

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3 mins  |
October 17, 2024