Free Press Journal
  • Shares of TATA Motors slips amid Britain’s Brexit decision

    New Delhi: Shares of Tata Motors Wednesday slipped as much as three per cent in morning trade on bourses after the Jaguar Land Rover (JLR) issued a warning to the UK government of massive losses if Britain was to leave the European Union (EU). JLR CEO Ralf Speth, who was speaking at the Zero Emission Vehicle Summit in Birmingham, Tuesday said that fears of a so-called “no-deal” Brexit and lack of clarity

  • ICICI Bank shares drop by 6 percent amid Videocon loan controversy

    The ICICI Bank is currently surrounded by Videocon group loan controversy and it has now affected it stocks too. The shares of ICICI Bank Ltd went down by 6 percent on Monday, this comes after the CBI initiated a preliminary enquiry to probe if any wrongdoing was during lending money.

  • mumbai, minors, UAE, Air India, parents in case,

    Government decides to bail out turbulent Air India: All about the massive debt tale

    Air India Airlines, which was repeatedly going through losses, will have to sell its stakes to recover losses. Air India went through a loss of Rs 27,231 crore in 2012 and 2013 and Rs 5,765 crore loss in 2016 and 2017. As compared to the previous years, the company incurred less loss in the year 2016 and 2017.

  • Sensex slips 130 pts on weak global cues, Nifty tests 10,300

    Mumbai: The benchmark BSE Sensex fell over 130 points in early trade today amid weak Asian cues and selling on oil & gas, metals, power, PSU and IT counters. Brokers said persistent selling by investors and capital outflows by foreign funds and a weak trend in Asian bourses, due to increased concerns over the prospect of a global trade war, dampened market sentiment.

  • PNB stock slumps 9% to hit 52-week low

    New Delhi: Shares of Punjab National Bank today slumped as much as 9 per cent to hit their 52-week low level in morning trade on bourses after the lender said the amount of fraudulent transactions could be as much as Rs 12,700 crore.

  • Gitanjali Gems shares continue to fall after PNB Scam

    New Delhi: Shares of Gitanjali Gems continued to fall for the fourth straight session today, plunging 10 per cent as investor sentiment remained muted after the company came under the scanner of various investigating agencies following PNB’s Rs 11,400-crore fraud detection.

  • PNB shares take a massive hit, tanks 9% after Rs. 11,400 crore scam

    New Delhi: Shares of Punjab National Bank today extended its fall for the second straight session, falling as much as 9 per cent in morning trade after the lender said it has detected a USD 1.77 billion fraud. The stock opened at Rs 137, then hit a low of Rs 133.45, down 8.47 per cent over its previous closing price. On the NSE, the stock opened at Rs 137.60, then fell 8.57 per cent

  • Sensex lower by 136 points in late morning deals

    Mumbai: Benchmark Sensex slid 136 points in late morning deals following continued selling pressure in key frontline shares of health Care, consumer durables, telecom, capital goods, IT and tech sectors. The market trading remained subdued with negative bias as investors turned cautious ahead of the Union Budget due tomorrow. Realty, telecom, metal and Oil&Gas found buying interest. The 30-share BSE Sensex index was trading lower by136.16 points or 0.38 per cent at

  • Sebi bans 3 entities for 10 years

     New Delhi : Regulator Sebi barred Sri Ganesh Stocks and Shares and two individuals from the capital markets for 10 years for fraudulently soliciting funds from the public promising assured monthly returns. They have been directed to repay the money collected from investors within 90 days.

  • Hindalco shares soar over 11% on strong Q4 earnings

    Mumbai: Shares of aluminium maker Hindalco today surged over 11 per cent after its standalone net profit more than doubled to Rs 356 crore for the fourth quarter ended March 31, 2015-16. The stock soared 11.37 per cent to Rs 102.30 on BSE. On NSE, it zoomed 11.42 per cent to Rs 102.40.

  • Cadila profit at Rs 389 cr; to raise up to Rs 18,500 cr

    New Delhi : Zydus Cadila group firm Cadila Healthcare reported a 10.93 % rise in net profit to Rs 388.7 crore for the March quarter and also received nod from its board to raise up to Rs 18,500 crore through issuance of shares and various other securities.  Consolidated income from operations rose to Rs 2,449.1 crore for the quarter.

  • BoI to get Rs 1,150-cr capital infusion from govt

    New Delhi: State-run Bank of India (BoI) today said the government has approved a capital infusion of Rs 1,150 crore in lieu of preferential allotment of shares. “The government of India has conveyed their approval to infuse capital funds to the tune of Rs 1,150 crore in the bank by way of preferential allotment of equity shares in favour of government of India,” BoI said in a statement.