Allcargo Logistics rallies 20% ahead of Thursday’s board meeting on delisting

Allcargo Logistics rallies 20% ahead of Thursday’s board meeting on delisting

NEW DELHI: Shares of Allcargo Logistics hit 20 per cent upper circuit limit in Tuesday’s trade after the company said its board will meet on Thursday to consider a proposal for voluntary delisting of the company. In a note to BSE, the company said it received a letter from Shashi Kiran Shetty and Talentos Entertainment, … Read more

Bank of Baroda Q1 results: Lender posts net loss of Rs 864 crore

Bank of Baroda Q1 results: Lender posts net loss of Rs 864 crore

NEW DELHI: State-owned Bank of Baroda on Monday reported a standalone net loss of Rs 864 crore during the quarter ended June of the current fiscal year, due to higher provisions and contingencies. The bank had posted a net profit of Rs 710 crore in the same quarter a year ago. “On account of provisioning … Read more

Tata Motors flat ahead of Q1 results; here’s what to expect

Tata Motors flat ahead of Q1 results; here’s what to expect

New Delhi: Shares of Tata Motors traded flat in Friday’s morning trade ahead of the company’s financial result for the quarter ended June 30 later in the day. The scrip was up 0.10 per cent at Rs 103.75, while the benchmark BSE Sensex was down 0.11 per cent at 37,696 at around the same time. … Read more

Bank of Baroda raises Rs 981 cr through bonds

Bank of Baroda raises Rs 981 cr through bonds

NEW DELHI: State-owned Bank of Baroda on Tuesday said it has raised Rs 981 crore by issuing additional tier-1 bonds under Basel III norms. The bank had on July 24 issued and allotted the “unsecured rated listed subordinated non-convertible fully paid up Basel III additional tier-1 perpetual bonds” for an issue size of Rs 981 … Read more