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Union Bank of India on Thursday completed its Rs 1,447-crore qualified institutional placement (QIP). The bank had floated a Rs 1,000-crore issue and chose to retain an additional Rs 447 crore under the green-shoe option.
Inflation target may not be changed: BofA SecThe recent firming up of food prices, cooking gas and rising petrol prices are expected to push CPI-consumer price index (CPI) inflation up to 4.85% in February from 4.1% in January, according toa report by BoA Securities.
f… Read MoreMFs trim blue-chip holdings amid redemption pressureFunds bought shares of NTPC and IndusInd Bank to the tune of Rs 700 crore each; while in L&T, they were buyers worth Rs 650 crore during the month, said Edelweiss.
from Stocks-Markets-Economic Times https://ift.tt/3rEYuo… Read MoreAsian stocks rally after Dow hits record as inflation worries easeAn index of regional stocks excluding Japan rose 0.7%, led by a 1.7% surge in South Korea's Kospi, and was on track for its first three-day advance in three weeks.
from Stocks-Markets-Economic Times https://ift.tt/3cmVFlx
… Read MoreExecs get longer stint at top deck of PSU banksThe latest set of appointments, however, come with a crucial rider — at least for those who have a longer run at the top — the performance of these executives will be reviewed after two years.
from Stocks-Markets-Economic Ti… Read MoreWarren Buffett becomes sixth member of $100 billion clubBuffett added $1.9 billion to his fortune on Wednesday as Berkshire Class A shares hit a record high, helping lead a second day of gains for the S&P 500.
from Stocks-Markets-Economic Times https://ift.tt/3ci3Akh
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