CBI has booked former promoter of Aircel, Managing Director of Indian Bank and Syndicate Bank along with the former CMD of IDBI in connection of a loan fraud.

Gems and jewellery exports plummeted 8.67 per cent in FY18, revealed data released by the Gem and Jewellery Export Promotion Council (GJEPC) of India.

The recent circular from the market regulator SEBI for the categorisation and rationalisation has created a fresh new basket for the equity mutual fund schemes. According to the circular, all open-ended schemes will be classified under broad categories like equity, debt, hybrid, solution-oriented and others 

During Q4FY18, the company sold a total of 4,61,773 vehicle, a growth of 11.4 per cent over the same period of the previous year. Sales in the domestic market stood at 4,27,082 units, a growth of 11.6 per cent.

MOIL country largest manganese ore producer has signed a Memorandum of Association with Ministry of Steel for FY19. The company recently achieved highest ever turnover of Rs. 1,300 crore in FY18.

Thermax Group has bagged a repeat order worth Rs. 279 crores. The order from a leading fertilizer company consists of setting up the company’s captive cogeneration (co-gen) plant at Trombay. The project is estimated to be completed in next 24 months.

Following stocks are close to their 52-week low as at 1.03 p.m. on April 27, 2018.

Axis Bank posted its first-ever quarterly net loss in Q4FY18 in the wake of increased provisions and contingencies. Axis Bank which holds 7.5 per cent weightage in the Bank Nifty, pulled Bank Nifty up to trade with 1.2 per cent gains.

Shriram City Union Finance posted stable results with strong increase in disbursements and AUM for the full year FY18.

The markets on April 27, 2018 opened up. BSE Sensex is trading at 34,958.10, up by 244.50 points and the Nifty is trading at 10,690.10, up by 72.30 points.