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Union Bank of India hikes MCLR by 25 bps across loan tenures

The Union Bank of India has hiked its marginal cost of funds-based lending rates by 25 basis points across tenures, effective Saturday, according to the bank's website. After the revision, the bank's lending rates are in the range of 7.90-9.00%. On Saturday, Union Bank of India hiked its external benchmark-based lending rate by 25 bps to 9.30%.

Seven of top-10 firms shed Rs 2 16 lakh crore in mcap; RIL, SBI hit hard

In the ranking of top-10 firms, Reliance Industries remained the most valued company, followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, HDFC, State Bank of India, Airtel and ITC.

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