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Daily
Newsletter
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1.
CBI will
submit a charge sheet against Allahabad Bank CEO and MD Usha Ananthasubramanian
and several others in the over Rs13,000cr PNB scam.
2.
Federal Bank
to sell 26% in unit FedFina to True North Enterprises. Also, receives RBI
approval to acquire 19.90% in Equirus Capital.
3.
Lupin gains
3% after the US health regulator inspected company's Nagpur facility with zero
observations. The pharma major announced the successful completion of an
inspection carried out by the US Food and Drug Administration at its Nagpur
facility.
4.
Majesco
share price rallied more than 4 percent after the IT company reported profit at
Rs 7.9 crore for the quarter ended March 2018 against loss of Rs 9 crore in
previous quarter on better operational performance and lower tax cost.
5.
Vedanta has
received approval from the Competition Commission of India for acquisition of
Electrosteel Steels.
6.
South Indian
Bank has reported massive 51.1 percent growth year-on-year in net profit at Rs
114.1 crore for the quarter ended March 2018.Profit during the quarter ended
March 2017 stood at Rs 75.5 crore. Net interest income, the difference between
interest earned and interest expended, grew by 12.1 percent to Rs 492.2 crore
in Q4 YoY while net interest margin improved to 2.84 percent during the
quarter, from 2.72 percent in year-ago.
Missed call
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