Yes Bank shares continue to fall, tumble nearly 9 per cent
Business | August 21, 2019 16:49 ISTThe stock dropped 8.21 per cent to close at Rs 65.40 on the BSE. During the day, it tanked 9.47 per cent to Rs 64.50 -- its 52-week low.
The stock dropped 8.21 per cent to close at Rs 65.40 on the BSE. During the day, it tanked 9.47 per cent to Rs 64.50 -- its 52-week low.
According to the ministry, the initiatives have been taken in response to requests from innovative technology companies and startups.
Hospitality firm OYO on Friday said its founder Ritesh Agarwal has signed a deal to buy back shares worth USD 2 billion (nearly Rs 13,770 crore) from early investors through his Cayman islands-registered entity, RA Hospitality Holdings, to almost triple his stake in the company.
The statement comes amid reports that Flipkart, which is locked in an intense battle with US giant Amazon for leadership in the Indian market, is looking at tapping into the US equity market by 2022.
The equity shares of IndiaMart InterMesh are proposed to be listed on the BSE and the National Stock Exchange.
The scrip tanked 18.17 per cent to close at Rs 33.10 on the BSE. During the day, it dropped 28.18 per cent to hit an all-time low of Rs 29.05.
Jet Airways stocks hit an intra-day low of Rs 32.25 per share, falling by a massive 52 per cent. At 1.41 p.m, Jet's stocks were trading at Rs 38.05 per share, down Rs 30.25 or 44.29 per cent.
The scrip which has been tumbling for the 11th consecutive day further plummeted 18.28 per cent to hit a multi-year low of 67.05 on the BSE.
The cash-starved company suspended operations in April and lenders are working on ways for revival of the airline.
Yes Bank in a press release earlier last week had said the RBI has not found any divergence in the asset classification and provisioning done by the lender during 2017-18.
This step has been taken for "further enhancing transparency, investor protection and governance in the corporate sector," the Corporate Affairs Ministry said in a release.
Following the results, shares of the company erased early gains and tanked 4.85 per cent to Rs 301.10 on BSE.
HDFC Asset Management Company made a blockbuster debut at the bourses on Monday, with its shares surging 65 percent, against the issue price of Rs 1,100 per share
Ghosh said he was expecting a bullish response from the market as the IPO was well received by the investors and retail individuals.
The share buyback programme by Infosys is the first in its 36-year history.
Shares of Anil Ambani owned Reliance Communications (Rcom) plunged to an all-time low on Tuesday, after the company called off its plan to merge with Aircel Ltd
Share markets opened on a flat note while bonds gained slightly despite the weaker-than-expected economic growth data released by the government, with investors still betting that conditions in the Indian economy will improve.
The key Indian equity indices closed at new highs yet again on Tuesday as sentiments remained upbeat on hopes of timely arrival of monsoon rains, and healthy buying was witnesses in healthcare, banking and automobile stocks.
Reliance Jio’s Summer Surprise offer seems to have dented the earnings of top telcos like Bharti Airtel and Idea Cellular.
Amid concerns over President Donald Trump possibly signing a new executive order aimed at overhauling work visa programmes like the H-1B and L1, shares of Indian tech giants like Infosys, TCS and Wipro plunged as much as 9 per cent
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