GNG Electronics IPO sails through within 1 hour of bidding; NII portion subscribed 3x

 23 Jul 2025 11:28 AM

GNG Electronics' IPO witnessed full subscription within the first hour, fueled by strong NII and retail investor demand. The IPO, featuring a fresh issue and OFS, saw SBI Securities and Canara Bank Securities recommending a 'Subscribe' rating, highlighting the company's growth and market position. GNG, India's largest electronics refurbisher, reported significant revenue and profit growth in FY25.

PSBs ready insurance units' divestment plan

 22 Jul 2025 11:57 PM

State-run banks plan to disinvest in their insurance subsidiaries. This follows the Centre's approval of 100% foreign investment in the insurance sector. Banks like State Bank of India, Canara Bank, and Punjab National Bank may pursue IPOs and stake sales. The government is reviewing progress on unlocking value from bank subsidiaries.

Union Bank, Wipro, Canara Bank among 8 F&O stocks saw a high increase in futures open interest

 22 Jul 2025 10:58 AM

As of July 21, futures open interest surged over 5% in several NSE F&O stocks, signaling heightened market activity. Union Bank, Wipro, and PG Electroplast led the gains, with open interest rising 8–9%.

Buy on dips; expect a 1,000-point rally over next 30-45 days: Rahul Sharma

 17 Jul 2025 03:33 PM

Rahul Sharma suggests a buy-on-dip strategy for the market, anticipating a potential 1,000-point rally in the next one to one-and-a-half months. He recommends accumulating at 25,000 and 24,800, with a stop loss at 24,500, expecting positive momentum from upcoming results. Sharma also favors PSU banks like Canara Bank and NTPC, citing strong technical setups and potential for gains.

Canara Bank erases 'fraud' tag from Anil Ambani's RCom loan

 10 Jul 2025 11:22 PM

Canara Bank has withdrawn its order classifying Reliance Communications' loan account, promoted by Anil Ambani, as fraudulent, leading the Bombay High Court to dispose of the case. This action followed Ambani's petition challenging the classification. Separately, SBI has also classified Reliance Communications' loan account as fraudulent, which Anil Ambani has challenged in court.

Public sector banks likely to remove minimum balance fines

 07 Jul 2025 02:09 PM

Several public sector banks including Canara Bank and Punjab National Bank are rethinking minimum balance rules. The finance ministry questioned the need for penalties on low balances. Banks are seeing a shift from low-cost CASA deposits to term deposits. State Bank of India removed minimum balance requirements in 2020.

Travel Food Services IPO opens for subscription; GMP stays mild. Should you subscribe?

 07 Jul 2025 08:05 AM

Travel Food Services launches its Rs 2,000-crore IPO today. The IPO will remain open until July 9. The company will offer shares at Rs 1,045–Rs 1,100 each. The IPO includes no fresh issue. It is entirely an offer for sale by promoters. SBI Securities and Canara Bank Securities suggest subscribing to the IPO.

SBI marks Reliance Communications as fraud account; company says order ex-parte

 02 Jul 2025 07:26 PM

SBI has classified Reliance Communications' loan account as fraud, citing diversion of funds and misuse of invoices. Anil Ambani's legal team expressed shock, claiming procedural lapses and incomplete information. SBI maintains it followed due process, issuing notices and considering the Supreme Court's directives before the classification. Canara Bank had previously flagged similar concerns.

Canara Bank shares in focus as board approves Rs 9,500 crore fundraise for FY26

 13 Jun 2025 08:04 AM

Canara Bank's board has approved a plan to raise up to Rs 9,500 crore through debt instruments for FY26, including Tier II and AT1 bonds. The bank reported a 33% YoY increase in Q4 net profit, with improved asset quality, though slippages slightly exceeded estimates.

Stocks in news: Torrent Power, ICICI Bank, HCL Tech, Canara Bank, RIL

 13 Jun 2025 06:44 AM

Markets faced pressure on the weekly expiry day, declining over a percent after consolidation. Several companies are in focus, including Genus Power, potentially selling a 5.88% stake, and DCM Shriram, acquiring Hindusthan Specialty Chemicals. Jubilant Group promoters plan to sell stakes in listed companies, while CSB Bank's CEO gets a reappointment.