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Jan 31 (Reuters) - India's LIC Housing Finance (LICH.NS), opens new tab reported a bigger-than-expected third-quarter profit on Friday, helped by healthy asset quality. The company said its profit after tax for the quarter ended Dec. 31 rose 23% to 14.32 billion rupees ($165.4 million). Analysts had expected a profit of 12.85 billion rupees, according to data compiled by LSEG. LIC Housing has seen an improvement in asset quality over the last few quarters, leading to lower funds being set asid ...Read More >
NEW DELHI: The Nifty Bank index traded around 10:19AM(IST)on Wednesday in a weak market. Federal Bank Ltd.(up 0.35 per cent) and State Bank of India(up 0.03 per cent) were among the top gainers. ICICI Bank Ltd.(down 1.0 per cent), Punjab National Bank(down 0.9 per cent), IDFC First Bank Ltd.(down 0.64 per cent), HDFC Bank Ltd.(down 0.41 per cent) and Canara Bank(down 0.38 per cent) were the top losers on the index. The Nifty Bank index was 0.41 per cent at 53357.75 at the time of writing this ...Read More >
New Delhi, Dec 10 (VOICE) The Enforcement Directorate (ED), in collaboration with Punjab National Bank (PNB) and ICICI Bank, has started restitution of properties linked to the Mehul Choksi bank fraud case, as part of its efforts to ensure that seized and attached assets are returned to rightful owners and victims of money laundering while enabling financial institutions to monetise these assets.The Special PMLA Court in Mumbai has approved the "monetisation of properties" amounting to Rs 2,565. ...Read More >
Shares of Punjab National Bank 0.4 per cent to Rs 104.50 at 12:04PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 446,030 shares with a turnover of Rs 4.67 crore till 12:04PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 8.30, while the price-to-book value ratio stood at 1.34. Return on equity (ROE) was at 8.92 per cent, according to exchange data. The stoc ...Read More >
PNB shares 1.69 per cent in Friday's trading sessionNaga Chaitanya-Sobhita pre-wedding celebrations are on! Check pictures from their Haldi ceremonyWelfare pension fraud: Luxury car owners, affluent individuals found on beneficiary listsAshok Leyland shares 0.49% as Sensex risesRealty sector business sentiment signals growth, sustained optimism, surveyInfo Edge stock price 0.81 per cent as SensexWho is Chinmoy Krishna Das Brahmachari; the ex-Iskcon member caught in the middle of communal tension ...Read More >
So, we believe the seasonality flavour should work out in the month of December. Apart from that market breadth that is more important to look out for where only if you look in the current corrective phase only 12% of the stocks were trading above the day moving average of total CNX 500 and that is coming to now improving to around 33%."We expect Nifty to find the support in the range of around 23,500 to 23,700 and we should be gradually heading towards the target of 24,500," says Dharmesh Shah, ...Read More >
Bank Nifty began today's session slightly higher at 52,390 versus yesterday's close of 52,302. It rallied after opening and is now at 52,640, up 0.65 per cent, thus outperforming the benchmark Nifty 50, so far. The advance/decline ratio stands at 11/1, indicating a strong bullish inclination. Punjab National Bank, up 1.7 per cent, is the top gainer. Whereas Federal Bank is the only index constituent that is down so far; it has lost 0.25 per cent at the end of the first hour of today's sess ...Read More >
A retired Air Force sergeant from Faridabad was deceived by scammers posing as TRAI and CBI officials, losing Rs 5 lakh. They digitally 'arrested' him for 55 hours by compelling him over a video call. The incident underscores the growing threat of cyber fraud targeting unsuspecting citizens. A Faridabad-based retired Air Force officer, Aditya Kumar Jha, has fallen victim to an elaborate cyber scam, losing Rs 5 lakh to fraudsters posing as officials from TRAI and the CBI, according to the police ...Read More >
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