Market Commentary     03-Apr-19
Stock Alert
Karnataka Bank in spotlight after tie-up with Bharti AXA

Karnataka Bank entered into Memorandum of Understanding with Bharti AXA Life Insurance Company for distribution of latter's life insurance products. The announcement was made after market hours yesterday, 2 April 2019.

Indraprastha Gas (IGL) has received three letters dated March 29, 2019 from Petroleum and Natural Gas Regulatory Board (PNGRB) for grant of authorization to the company for development of CGD network in the geographical areas of (i) Kaithal District (ii) Ajmer, Pali and Rajsamand District & (iii) Kanpur (Except area already authorized) District, Fatehpur and Hamirpur Districts. The announcement was made after market hours yesterday, 2 April 2019.

EdgeVerve Systems, a subsidiary of Infosys, has been selected by Al Ahli Bank of Kuwait to automate the bank's operational processes using the AssistEdge RPA platform. Ahli United Bank is one of the pioneering banks in Kuwait to innovate its banking operations using RPA. The announcement was made after market hours yesterday, 2 April 2019.

The Audit Committee and Board of Directors in their respective meetings have considered and approved the proposal to increase the stake of HEG in Bhilwara Energy, an Associate Company of HEG, from 29.48% to 49%. The announcement was made after market hours yesterday, 2 April 2019.

Lumax Auto Technologies has closed it's PCB manufacturing situated at Plot No. 918, Sector-5, IMT Manesar, Gurugram, Haryana with effect from 1 April 2019. The announcement was made after market hours yesterday, 2 April 2019.

Previous News
  Karnataka Bank launches KBL WISE Senior Citizen Savings Account
 ( Corporate News - 15-Jun-24   13:56 )
  Karnataka Bank consolidated net profit rises 225.06% in the June 2023 quarter
 ( Results - Announcements 03-Aug-23   17:01 )
  Barometers trade lower; pharma shares under pressure for 3rd day
 ( Market Commentary - Mid-Session 12-Apr-24   11:34 )
  Karnataka Bank
 ( Results - Analysis 25-May-24   13:27 )
  Karnataka Bank to convene board meeting
 ( Corporate News - 23-Mar-24   10:41 )
  Board of Karnataka Bank to consider fund raising options
 ( Corporate News - 23-Jan-24   17:00 )
  Karnataka Bank launches KBL FasTag
 ( Corporate News - 25-Aug-21   19:09 )
  Karnataka Bank appoints director
 ( Corporate News - 25-Mar-21   10:04 )
  Wockhardt Ltd leads losers in 'A' group
 ( Hot Pursuit - 27-May-21   15:00 )
  Karnataka Bank standalone net profit rises 461.18% in the March 2019 quarter
 ( Results - Announcements 14-May-19   15:49 )
  Karnataka Bank to discuss results
 ( Corporate News - 21-May-22   12:38 )
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