Union Bank has reported loss of Rs 1530.72 cr for the Q2FY18, due to its rise in bad loans. It had earlier posted a profit of Rs. 176.67 cr in the July – September of previous fiscal.
Stocks of PNB in under watch as CLSA has maintained `buy’ rating on PNB and raised the target price to Rs 250 from Rs 180.
The Real Estate major DLF Ltds’ stock will be watched out as the CCI has approved Singapore’s sovereign wealth fund GIC’s proposal to acquire a stake in a rental arm of the company for 1.39 billion dollar.
ITC Limited has said that the company intends to invest Rs 10,000 cr to set up food processing facilities across the country and its looking to have around 20 such units pan India.
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