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BoB surges on Q3 net jump
Bank of Baroda (BoB) ended at Rs 556, higher by Rs 33 or 6.4%, on the BSE.

UPDATE: Yes Bank net up 19% at Rs 126 cr
Private sector lender Yes Bank today said that its net profit rose by 19 per cent to Rs 125.9 crore during the quarter-ended December as against Rs 105.8 crore a year ago.

News of the day

Rebound expected early next week
The two main indices—the Nifty and the Sensex—staged strong intraday rebound on Friday in choppy trades and extended gains for the second straight day. The Nifty bounced back from an intraday low of 4,766 to close at 4,882 on short-covering in interest rate-sensitive sectors such as auto, banks and realty.
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Piramal Healthcare okays Rs 1K cr fund raising

Drug maker Piramal Healthcare today said its board has approved the raising of funds up to Rs 1,000 crore through the issue of securities. - Sunny re-rating of pharma companies - Pharma world discovers Bharat - GlobalLogic to get listed in 18 months - Citi overtakes Morgan Stanley to top in domestic fund raising - Pantalooon Retail raises Rs 500 cr via QIBs - Adhunik Metaliks raises Rs 137 cr via QIB issue The board, at its meeting held today, has given approval "for raising funds up to an amount of Rs 1,000 crore through an issue of equity or equity-linked securities," Piramal Healthcare said in a filing to the Bombay Stock Exchange. The committee of directors (of board) has been empowered to take a final decision on the pricing, mode and manner of raising such funds, it said. Shares of Piramal Healthcare were trading at Rs 400.10 on the BSE, down 3.47 per cent from its previous close.


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