NBCC India shares rallied nearly 5% to the day’s high of Rs 118.30 on BSE during Monday’s trading session after the company announced receiving two major work orders collectively worth more than Rs 110 crore on November 21. NBCC announced that it has secured new work orders amounting to Rs 71.86 crore as part of…
A video from China has gone viral showing a fire tearing through an ancient Wenchang Pavilion temple in Jiangsu province. In the video, thick smoke was seen filling the sky, and the three-storey structure collapsed within minutes, the Sun reported. As per the report, officials said the blaze started after a tourist used incense and…
Mumbai: Bank Nifty crossed the 59,000-mark for the first time and closed at a record high on Wednesday, as investor optimism in banking stocks strengthened on expectations that earnings pressure from the interest rate cut cycle has bottomed out and valuations remain relatively modest compared to other sectors. The index ended 0.5% higher at an…
Mumbai: A lenders’ consortium led by Canara Bank has sold ₹520 crore debt of Karanja Terminal and Logistics (KTPL) to Prudent ARC, recovering more than 86% of the dues. The transaction was completed through a Swiss challenge auction with an all-cash resolution. Facing an outstanding loan of about ₹600 crore to Karanja, the lenders initiated…
Shares of public sector lender Canara Bank rallied as much as 4% to their 52-week high of Rs 134 on the NSE on Thursday, October 30 after it reported a robust set of figures for the quarter ended September 30 FY26. For the quarter under review, the bank reported a net profit of Rs 4,774…
India’s state-run banks could see a windfall of up to $4 billion in passive inflows if the government raises the foreign institutional investment (FII) limit to 49% from the current 20%, according to a report by Nuvama Institutional Equities. Nuvama’s analysis shows potential MSCI-linked inflows of around $3.98 billion across six major public sector lenders,…