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BLS International stock rises 10% after firm acquires Zero Mass for Rs 120 cr

Shares of BLS International climbed over 10 per cent today after the company acquired Zero Mass Private Ltd (ZMPL) for Rs 120 crore. The stock has gained after two days of consecutive falls. The small-cap stock touched an intraday high of Rs 195.4, rising 10.33 per cent on BSE. ....

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Bank manager, security guard held in Odisha for Rs 52 lakh fraud

Branch manager and a security guard of a bank in Odisha’s Ganjam district were arrested for allegedly misappropriating over Rs 50 lakh. ....

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SBI slips after RBI imposes penalty


State Bank of India (SBI) fell 0.63% to Rs 376.05 after the Reserve Bank of India (RBI) imposed a monetary penalty of Rs 2 crore on the bank.
The central bank has imposed the penalty for contravention of certain provisions of the Banking Regulation Act, 1949 and specific directions of RBI issued to the bank on payment of remuneration to employees in the form of commission.
State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body. As of 31 December 2020, the Government of India held 56.92% stake while Life Insurance Corporation of India held 9.61% stake in the bank.
SBI s net profit fell 6.9% to Rs 5,196.22 crore on 1.1% decrease in total income to Rs 75,980.65 crore in Q3 December 2020 over Q3 December 2019. ....

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