Gold Silver Reports (GSR) – Markets Won’t Be Very Strong For Next 12 Months: Shiv Puri – Over next 12 months there is nothing much to expect from markets, Shiv Puri founder and managing director of TVF Capital Advisors told in an interview.
State Bank of India
State Bank Of India Rallies For Second Day After Q4 Earnings; Strides Shasun Surges After Block Deal
Gold Silver Reports (GSR) – State Bank Of India Rallies For Second Day After Q4 Earnings – Shares of the country’s largest government-owned bank rose as much as 5.12 percent to Rs 267 on top of yesterday’s 4 percent gain after it reported March quarter earnings. Trading volume was 13.5 times its 20-day average for this time of the day.
Idea Cellular Stock Rises After Loss Narrows In March Quarter
Gold Silver Reports (GSR) – Idea Cellular Stock Rises After Loss Narrows In March Quarter – Shares of the country’s third largest wireless carrier rose as much as 4.65 percent, the most in nearly four months, to Rs 72 after its loss narrowed in December-March quarter.
State-Owned Banks Worst Hit By Fraud Despite Spending More On Audits
Gold Silver Reports (GSR) – State-Owned Banks Worst Hit By Fraud Despite Spending More On Audits — That’s according to a new report by proxy advisory firm Institutional Investors Advisory Services. The high audit fees in public sector banks are a function of large number of branches, multiple auditors, higher number of physical audits and Reserve Bank of India prescribed rates, IiAS said in its report. “Despite paying high audit fees, the quantum of fraud in public sector banks tend to be much higher.”
State Bank of India – Block Deal Alert
State Bank of India – Block Deal Alert State Bank of India has 10 lakh shares change hands in a block deal. Stock up 1.79 percent at Rs 250.80. Buyers and sellers were not immediately known