PNB nears 52-week low on Rs 1,230 crore fraud by Sintex Industries

Jannie Delucca

Shares of Punjab Countrywide Bank (PNB) slipped 3 for every cent to Rs 27.65 on the BSE in intra-working day trade on Thursday in usually firm market place, after the bank claimed a fraud value Rs 1,203 crore by Sintex Industries. The inventory of point out-owned financial institution was buying and selling lessen for the third straight working day. It is close to its fifty two-7 days reduced price of Rs 26.30 touched on May well twenty, 2020. Sintex Industries, on the other hand, tanked four.8 for every cent on the BSE to Rs 1.99.

“The bank reporting of borrowal fraud of Rs 1203.26 crore in non-carrying out asset (NPA) account of Sintex Industries Ltd. (SIL) at massive corporate department at Ahmedabad, Zonal Office environment, Ahmedabad,” PNB mentioned in a trade filing. A fraud of Rs 1203.26 crore is staying claimed by Bank to Reserve Bank of India (RBI) in

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Reliance Industries hits record high; m-cap crosses Rs 15 trillion mark

Jannie Delucca

Shares of Reliance Industries (RIL) strike a file significant of Rs 2,344, up 8.4 for each cent on the BSE in the intra-day trade on Thursday, with its marketplace-capitalisation (marketplace-cap) crossing Rs 15 trillion mark for the first time at any time. It surpassed its former significant of Rs 2,198.70, touched on July 27, 2020 in the intra-day trade. At the end of day, the absolutely compensated RIL’s shares, however, gave up some of the intraday achieve but continue to managed to near seven percent bigger at Rs 2,314.sixty five for each share with a marketplace cap of Rs fourteen.67 trillion.

The stock has gained eleven for each cent in the past two buying and selling days after Silver Lake on Wednesday agreed to make investments Rs seven,five hundred crore ($one billion) into Reliance Retail Ventures (RRVL). Reliance Retail, a subsidiary of RRVL, operates India’s largest, fastest expanding and most

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