Future Retail-Amazon deal likely in 10 days, in which Amazon will buy around 9.5 percent stake in Kishor Biyani-led company and both the parties are in advanced stage of talks for the deal.
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Sensex, Nifty Extend Decline; OMCs Fall Over 20%
The S&P BSE Sensex fell 0.3 percent or 125 points to 35,044 and the NSE Nifty 50 Index declined 0.74 percent or 78 points to 10,520.
Dena Bank Shares Surge, Vijaya Bank, Bank of Baroda Tank on Merger News
Dena Bank Shares Surge, Vijaya Bank, Bank of Baroda Tank on Merger News – Share prices of state-run lenders plunged on concerns that more such forced mergers may be announced by the government, said analysts. Such moves may lead to higher provisioning for bad debt and drag down profits.
Punjab National Bank to consider capital infusion of Rs 2,816 crore by Government of India on Aug. 6.
Punjab National Bank to consider capital infusion of Rs 2,816 crore by Government of India on Aug. 6.
Wipro Slumps Despite Beating Estimates In June Quarter
Wipro – Shares of the Azim Premji-led IT company fell as much as 7 percent…, the most in over 20 months, to Rs 263.35 despite beating earnings estimates in June quarter.