Shriram Transport Finance stock up 9% post-clarification on SVL loan matter

Shriram Transport Finance Corporation share price rebounded 9 percent after the company’s clarification note on SVL loan soothed investors’ sentiment. The stock had fallen 12 percent in previous session as investors had turned cautious of a guarantee of Rs 870 crore provided by the firm for its unlisted subsidiary. Shriram Transport Finance Corporation issued clarification note yesterday, saying SVL Limited, its promoters / promoter group, and its associates, have enough resources to honour the payment of this loan whenever due and payable has reassured the same. The company had given corporate…

Read More

Sensex rallies 250 points, Nifty near 10,700 at close, Axis Bank rises 9%

Equity benchmark BSE Sensex rallied over 250 points to close only 30 points short of the 35,000 mark on Friday, amid positive global cues and strong corporate earnings announced this week. At close, the 30-share strong gauge was256.10 points or 0.74% higher at 34,969.70. The broader NSE Nifty 50 too rose 74.50 points or 0.70% to end at 10,692.30. Gains in the Sensex pack were led by Axis Bank, SBI, ICICI Bank, Reliance Industries, Maruti Suzuki and Yes Bank, rising as much as 8.97%. Axis Bank shares had fallen 3%…

Read More

Nokia 9 to Launch on January 19 Alongside the Nokia 8

HIGHLIGHTS HMD Global is rumoured to be hosting an event in China on January 19 Nokia 9 to said to be the showstopper at the China event Price details of the next Nokia flagship also surfaced online After some leaks and rumours, it is now reported that HMD Global is hosting an event in China on January 19 to formally unveil the Nokia 9. The Finnish company is said to showcase the Nokia 8 (2018) in addition to its next flagship model at the Chinese event. Last month, we saw a protective case…

Read More