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Central Bank to raise Rs 200 crore via employee stock purchase plan NEW DELHI: State-claimed Central Bank of IndiaNSE - 0.55 % Friday said it will raise about Rs 200 crore by issuing shares to staff under the employee stock buy scheme. The directorate of the bank at their gathering hung on December 28, 2018 affirmed the proposition to raise capital by issuance of offers to representatives through Employee Stock Purchase Scheme (ESPS) to the extent of approximately Rs 200 crore, the moneylender said in an administrative documenting. The Committee of Directors will choose every single agent step, including assembling of additional normal general meeting of investors to pass the goals and assurance of valuing approach and rebate, Central Bank said. A week ago, Syndicate Bank had informed about raising up to Rs 500 crore by issuing 30 crore shares to its staff under the representative stock purchase scheme. Punjab National BankNSE 0.64 % said i

No extension in BSE Sensex, NSE Nifty trading hours, for now The extension of trading hours might not become a reality anytime soon as the Securities and Exchange Board of India (Sebi), stock exchanges and brokers were yet to agree on how it would be implemented, said three officials with direct knowledge of the matter. Markets regulator Sebi had on 4 May permitted exchanges to extend their trading hours beyond the current 3.30pm. The move was aimed at enabling the exchanges to offer equity derivatives for nearly 14 hours a day until 11.55pm. The exchanges were primed to run for the extended hours from 1 October, but this is yet to be implemented. “We had enabled the exchanges to trade for extended hours and they were to submit proposals, including risk management framework and member consensus. There are some issues there,” Sebi chairman Ajay Tyagi said after the board meeting of the markets regulator on 12 December. “There is not much movement on that front (extended mark

Market Today Fatafat ET Now: BSE Sensex, NSE Nifty trade marginally lower New Delhi: Indian equity markets pared most of the morning losses in the afternoon deals on Tuesday with BSE Sensex and NSE Nifty hovering marginally lower. The S&P BSE Sensex made an intraday high at 36,226.38 and intraday low at 36,046.52, up until 1:30 pm on Tuesday. Shares of Sun Pharma, Power Grid, M&M, L&T and Vedanta were the major Sensex gainers on Tuesday while shares of Infosys, Yes Bank, Wipro, Hero MotoCorp, HUL and ITC were the major laggards among the components of Sensex. Zee Entertainment share price: Shares of Zee Entertainment Enterprises fell as much as 4.5 per cent on Tuesday after BofAML downgraded Zee to ‘underperform’ with a target price at Rs 375.  Multiple headwinds persist which may see derating risk, BofAML said.  Ashoka Buildcon share price: Shares of Ashoka Buildcon rose 3.3 per cent after Morgan  Stanley committed an investment of Rs 150 crore in c

HDFC twins, Reliance Industries drag Sensex; Sun Pharma gains 1% Indices opened flat and it slipped later on in the morning session tracking weakness in Asian peers and a surge in crude oil prices. Equity benchmark indices opened flat and slipped later in the morning session tracking weakness in Asian peers and a surge in crude oil prices. Heavy selling pressure was witnessed in HDFC twins, Reliance Industries, Kotak Mahindra Bank, M & Mand NTPC. The Sensex slipped 133 points at 36,108, and the Nifty is down 29 points at 10,855. About 800 shares have advanced, while 707 shares declined, and 534 shares remained unchanged. The BSE MidCap and BSE SmallCap Indices rose over 0.25% each. Shares of Sun Pharma gained 1% on the BSE as the pharma company held a conference call on Monday after market hours over the recent broker report that raised several corporate governance issues. There was also a news that the SEBI is planning to reopen the insider trading probe pert