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Explained - Key factors why PSU bank shares surged up to 10% on Friday
Indian Bank led the gains, surging as much as 9%, while State Bank of India, Canara Bank, Bank of Baroda, Bank of Maharashtra, Punjab National Bank (PNB) and Bank of India advanced between 2% and 9%.
F&O strategy: Deploy Bull Spread on MidCap Nifty, PNB Housing, says analyst
Nandish Shah of HDFC Securities recommends a 'Bull Spread' strategy on MidCap Nifty and PNB Housing Finance as the analyst notes a positive bias, and build-up of long positions at these counters.
Punjab & Sind Bank gets approval to set up IFSC banking unit at GIFT City
This marks a step in the bank's journey towards expanding its international banking presence and offering world-class offshore banking services, Punjab & Sind Bank said in a statement.
Punjab National Bank slips for fifth straight session
Punjab National Bank is quoting at Rs 102.9, down 0.86% on the day as on 13:19 IST on the NSE. The stock tumbled 7.3% in last one year as compared to a 4.91% slide in NIFTY and a 1.14% spurt in the Nifty Bank index.
Top Banks Drag Bank Nifty: SBI, PNB, Bank Of Baroda, Canara Bank Fall; ICICI Bank Bucks The Trend
Bank Nifty declined after losses in SBI, Bank of Baroda, PNB and Canara Bank, while options data showed fresh short bets.
PNB Housing Finance ends higher as board to consider fundraising proposal
PNB Housing Finance advanced 1.63% to settle at Rs 1,107 after the company said its board will meet on 10 July 2026 to consider a proposal to raise funds through the issuance of non-convertible debentures (NCDs).
Govt asked ZEE5 to take down 'Satluj' citing security concerns, obligations under IT Rules
ZEE5 has been directed by the Centre to remove the film 'Satluj', starring Diljit Dosanjh, citing security concerns. The movie, depicting human rights activist Jaswant Singh Khalra's life in 1990s Punjab, was reportedly released on OTT without accepting 127 cuts suggested by the CBFC. The government emphasized that OTT platforms must adhere to IT Rules 2021, especially regarding content that could affect national security or public order.
NSE targets September launch for Rs 30,000-crore IPO after Sebi nod
The National Stock Exchange (NSE) is targeting to launch its much-awaited initial public offering (IPO), estimated at around Rs 30,000 crore, in September, people familiar with the development said on Monday. The mega IPO is expected to value the country's largest stock exchange at over Rs 5 lakh crore. The exchange will soon begin roadshows for the IPO. If successful, the issue will surpass Hyundai Motor India's Rs 27,870-crore public offering launched in October 2024. The proposed public issue will be entirely an offer for sale (OFS) of 14.89 crore equity shares, with existing shareholders collectively divesting nearly 6 per cent of the exchange's equity, according to the draft red herring prospectus (DRHP) filed in June. NSE has around 1.8 lakh shareholders. Among the major shareholders selling their stake, State Bank of India will offload up to 2.48 crore shares, followed by MS Strategic (Mauritius) Ltd with 1.60 crore shares. Other shareholders proposing to sell shares includ
TPG, GIC and ICICI Bank acquire Aseem Infrastructure Finance for ₹5,000 crore
Aseem is a leading sustainable infrastructure debt financier with a core focus on renewable energy, power transmission and other infrastructure assets in India. It was established in 2020 by the National Investment and Infrastructure Fund, India’s sovereign-anchored alternative asset manager.
30-45 Day Playbook: HUL, Lenskart, Titan And More — How Morgan Stanley Expects These Stocks To Perform
Morgan Stanley has unveiled its tactical stock calls for the next 30-45 days, backing Titan, Tata Consumer, Vishal Mega Mart and HUL while remaining cautious on PNB, Britannia and Jubilant FoodWorks.
PNB shares decline 3% after Q1 business update; global business nears Rs 30 lakh crore
Punjab National Bank's Q1 FY27 business update reveals a robust 12.85% year-on-year surge in global advances, reaching Rs 12.75 lakh crore. Deposits also saw a healthy 8.52% rise. The bank's overall global business crossed Rs 30 lakh crore, marking over a 10% YoY increase. These positive trends are set to keep PNB shares in the spotlight.
Stock Picks Today: Avenue Supermarts, HUL, Marico, PNB, Bajaj Finance, Tata Consumer, And More On Brokerages' Radar
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