CEO’s exit sparks a sell-off in PNB Housing Finance, stock falls 17%

CEO’s exit sparks a sell-off in PNB Housing Finance, stock falls 17%

Kolkata: Shares of PNB Housing Finance declined more than 17% Friday, in its worst fall since October 2018, after the sudden resignation of chief executive Girish Kousgi, who has built for himself a reputation of turning around struggling mortgage lenders. He would leave the organisation on October 28, as per the firm’s exchange filing. His … Read more

EIH Associated Hotels shares slide 5% after Q3 results

EIH Associated Hotels shares slide 5% after Q3 results

Shares of EIH Associated Hotels fell as much as 5.1% on Tuesday to Rs 355.15 on the BSE amid a broader market selloff, as weak global sentiment weighed on investor confidence. The decline came despite the company reporting a modest rise in quarterly earnings. The hospitality firm, part of The Oberoi Group, posted a 5.4% … Read more

Goldman Sachs sells ideaForge shares worth Rs 43 crore via block deal. Citi buyer at Rs 44 crore

Goldman Sachs sells ideaForge shares worth Rs 43 crore via block deal. Citi buyer at Rs 44 crore

Goldman Sachs sold nearly 6.5 lakh shares in smallcap stock ideaForge Technology for Rs 43 crore while Citigroup bought 6.65 lakh shares in the company at a cost of Rs 44 crore via block deals on Thursday. While Goldman Sachs sold shares through Goldman Sachs Funds – Goldman Sachs India Equity Portfolio at a price … Read more