Tag Archives: close

Banks close FY19 with 13.24% credit growth, deposits up 10.03%

Banks closed fiscal 2019 with robust disbursals that rose in double-digits for the second year in row, after the sub-5 percent in FY17, which was the lowest in five decades. According to the Reserve Bank data released Thursday, bank credit rose 13.24 percent to Rs 97.67 lakh crore for the fortnight to March 29, while deposits grew by 10.03 percent to Rs ... Read More »

Sensex, Nifty close at over four-month highs; Dr Reddy’s, SBI, IndusInd Bank top gainers

The Sensex and Nifty closed higher on rise in pharma and banking stocks amid higher Asian markets buoyed by the summit between President Donald Trump and North Korean leader Kim Jong Un in Singapore. While the Sensex closed 209 points higher at 35,692 level, the Nifty ended at 10,842, a gain of 56 points. Both the indices closed at over ... Read More »

IDBI Bank to close loss-making branches, limit NPAs and focus on retail to get out of PCA: Deputy MD

IDBI Bank hopes to come out of the regulatory restrictive Prompt Corrective Action (PCA) after taking a host of measures, including closure/merger of branches, conversion of 31 loss-making branches into outlets, divestment in non-core assets, setting up of separate stressed assets management group and focus on retail and good quality corporate business. Amid talks of part stake sale by the ... Read More »

Keeping a close watch on petrol and diesel prices, says Pradhan

Oil minister Dharmendra Pradhan remained non-committal on Thursday on cutting excise duty on petrol and diesel, which have touched record highs, saying the government was keeping a close watch on the situation. Petrol price rose to Rs 71.56 per litre in Delhi on Thursday, the highest since August 2014. Rates in Mumbai are almost touching Rs 80. Diesel prices soared ... Read More »

Nasdaq, S&P eke out record close as stocks finish week with strong gains

Stocks closed mixed on Friday ahead of the Memorial Day holiday weekend and digested key economic data. “I think the market is just taking a breather to figure things out,” said Aaron Jett, vice president of global equity research at Bel Air Investment Advisors. But “I don’t think the market is going to make a significant move lower because the ... Read More »

Stocks close lower as Wall Street braces for French election, but post weekly gains

U.S. stocks closed lower in choppy trade Friday as investors looked ahead to the French election. Wall Street also digested falling oil prices and comments from the Trump administration on tax reform. The Dow Jones industrial average fell about 30 points with IBM contributing the most losses. The index briefly turned positive in afternoon trade after President Donald Trump told ... Read More »

Verizon close to Yahoo deal, price cut of $250-350 million – sources

Verizon Communications Inc (VZ.N) is close to a revised deal to buy Yahoo Inc’s (YHOO.O) core internet business for $250 million to $350 million (£200.7 million to £281 million) less than the original agreed price of $4.83 billion, according to a source briefed on the matter. Since last year, Verizon had been trying to persuade Yahoo to amend the terms ... Read More »

Lloyds Banking Group to close 49 branches and cut 665 jobs

Lloyds Banking Group is cutting 665 jobs and closing 49 branches as it continues to cut costs in an attempt to complete its return to the private sector. To cushion the blow of further branch closures, the bank – bailed out in 2008 – is launching a fleet of mobile vans intended to visit communities knocked by the disappearance of ... Read More »

Tata Steel may close UK pension scheme – union source

Tata Steel UK is looking at closing its defined benefit pension scheme to future accruals and move members onto a defined contribution pension instead, a union source said on Wednesday. Britain’s largest steelmaker is seeking a way to lessen the British Steel Pensions Scheme’s deficit, which is one of the main stumbling blocks in talks to merge Tata Steel’s European ... Read More »

Last BHS stores to close for final time after 88 years

The closure of the final 22 shops around the UK came after the retailer was placed into administration in March but failed to find a buyer. Previous owners Dominic Chappell and Sir Philip Green have been criticised for mismanaging the chain and failing to protect the company pension scheme. Administrators have already made 141 store closures over recent weeks. These ... Read More »