india

Sensex ends 205 points lower; Nifty slips below 12,200

BSE Sensex settled 205.10 points, or 0.49%, lower at 41,323.81; NSE Nifty fell 54.70 points, or 0.45%, to 12,169.85 Market benchmark Sensex dropped 205 points on January 21, led by losses in auto, banking, metal and FMCG stocks amid a sharp fall in other Asian markets on concerns over a deadly virus in China. After […]

india

ArcelorMittal forms JV with Nippon Steel

60:40 venture to operate Essar Steel ArcelorMittal, the world’s largest steel maker, on Monday, completed the acquisition of Essar Steel India Ltd. Simultaneously, the firm established a joint venture with Nippon Steel Corporation (Nippon Steel) — ArcelorMittal Nippon Steel India Limited (AMNS India) — to own and operate ESIL. “ArcelorMittal holds 60% of AMNS India, […]

india

Sensex, Nifty open on tepid note

According to traders, benchmark indices were trading flat as investors began booking profits at higher levels. Market benchmark BSE Sensex retreated from its record peak in early trade on Tuesday as investors booked profits amid positive cues from global equities. After rising over 165 points in opening session, the 30-share index pared all gains to […]

india

Sensex plunges 504 points; bank, auto stocks tank

BSE Sensex ended 503.62 points, or 1.29%, lower at 38,593.52; NSE Nifty plunged 148 points, or 1.28%, to 11,440.20 Equity benchmark BSE Sensex plummeted 504 points on September 25 tracking heavy losses in banking and auto stocks as investors turned jittery over geopolitical uncertainties and global slowdown concerns. After sinking 586 points during the day, […]

india

Govt announces mega merger of PSBs: Here’s the full list

Public Sector Banks Merger: In what is one of the biggest mergers since the integration of SBI with five associate banks, Sitharamam announced the merger of Punjab National Bank (PNB), Oriental Bank of Commerce (OBC) and United Bank of India. Finance Minister Nirmala Sitharaman Friday announced the merger of several Public Sector Banks (PSBs) in […]