Kotak Mahindra Bank, ING Vysya Bank hit new high ahead of merger
Posted on 15th April 2015 |
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| Shares of Kotak Mahindra Bank and ING Vysya Bank have touched their respective lifetime highs today ahead of record date fixed for the merger. At 1321 hours, shares of Kotak Mahindra Bank were up 1% at Rs 1,459 on the National Stock Exchange (NSE). It opened at Rs 1,447 and hit a record high of Rs 1,475 in early morning trade. ING Vysya Bank too, up 1.3% at Rs 1,045 after hitting a lifetime high of Rs 1,055 on the NSE. Today is the last trading day of ING Vysya Bank the bourses. Tomorrow, April 16, 2015, Kotak Mahindra Bank stock will turn ex-scheme of amalgamation on the NSE and the Bombay Stock Exchange (BSE). Kotak Mahindra Bank has fixed April 17, 2015 as the record date for the purpose of ascertaining the shareholders of ING Vyasa Bank who shall be entitled to the shares of Kotak Mahindra Bank in the ratio of 725 equity shares of Rs 5 each in the transferee bank i.e. Kotak Mahindra Bank for every 1000 equity shares of Rs 10 each held in transferor bank i.e. ING Vyasa Bank. Earlier this month, Reserve Bank of India (RBI) had approved the scheme of amalgamation of ING Vysya Bank with Kotak Mahindra Bank. The scheme of amalgamation shall come into effect from April 01, 2015. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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