Gap-down opening seen for Sensex, Nifty; Indiabulls Housing Finance, ICICI Bank, Union Bank in focus
Indian benchmark indices, Sensex and Nifty, are slated to open lower on Friday, following weak cues from Asian peers and a negative finish at Wall Street in overnight trade.
Post-merger, clean-up ops underway at PNB
The merger and asset quality overhang may have kept its growth tepid, but it posted a higher-than-expected net profit of ₹506 crore in the third quarter.
The inside story of mega bank mergers
An extract from the forthcoming book ‘Pandemonium: The Great Indian Banking Tragedy’ gives a behind-the-scenes glimpse of how the Modi government’s ambitious bank merger plans unfolded.