3 stories mentioning NSE:CANBK
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Canara Bank (NSE:CANBK, BOM:532483) has appointed Brajesh Kumar Singh as managing director and chief executive officer, with effect from Monday, according to a same-day filing to the Indian stock exchanges.Prior to his appointment at Canara Bank, Singh was an executive director of Indian Bank (NSE:INDIANB, BOM:532814) since March 2024.
Indian benchmark indices fell for a third straight session on Monday as broad-based selling pressure and weak global cues dragged the market lower.The BSE Sensex dropped 1,312.91 points, or 1.7%, to close at 76,015.28, while the NSE Nifty 50 declined 360.30 points, or 1.5%, to settle at 23,815.85.Sentiment weakened amid fading hopes of U.S.-Iran talks, after the U.S. reportedly rejected Iran's peace proposal. Rising uncertainty around the West Asia conflict and its impact on global growth concerns kept investors cautious.A sharp rebound in crude oil prices moved Brent crude back above $105 per barrel as supply risks through the Strait of Hormuz persisted.In corporate developments, Canara Bank (NSE:CANBK, BOM:532483) fell nearly 4% after reporting a decline in consolidated profit in the fiscal fourth quarter to 45.7 billion rupees from 50.7 billion rupees a year earlier. Earnings per share slipped to 5.04 rupees from 5.59 rupees, even as interest income edged higher.Bajaj Electricals (NSE:BAJAJELEC, BOM:500031) also fell over 2% after appointing Ashween Anand as chief financial officer, effective May 14, according to a filing. Anand joins from Tata Starbucks, where he previously served as CFO.
Indian equity benchmarks ended lower on Thursday as renewed geopolitical tensions and rising crude oil prices weighed on sentiment.The BSE Sensex fell 1.2%, or 931.25 points, to finish Monday's session at 76,631.65, while the NSE Nifty 50 slipped 0.9%, or 222.25 points, to 23,775.10.Investors were cautious after fresh Israeli strikes in Lebanon reduced hopes for a two-week U.S.-Iran ceasefire and reopening of the Strait of Hormuz.Canara Bank's (NSE:CANBK, BOM:532483) board has extended Hardeep Singh Ahluwalia's additional charge as managing director and CEO for three months until June 30.Dilip Buildcon (NSE:DBL, BOM:540047) joint venture DBL-RBL won a 2.68-billion-rupee contract from the Gujarat government. The project covers the design and construction of the Ged Barrage across the Sabarmati River, including protection and allied works.