Infosys, Canara Bank, Dixon Tech, RVNL, Sterling And Wilson, Wipro, DLF, J&K Bank

Infosys Ltd., Canara Bank, and Dixon Technologies Ltd. will be the major stocks in focus on Tuesday. The chief financial officer and key managerial personnel of Infosys, Nilanjan Roy will resign from the position effective March 31, 2024. Canara Bank has raised Rs 1,403 crore through the issue of additional tier-1 bonds of face Rs 1 crore each at a coupon rate of 8.40%. Meanwhile, Dixon Technologies’ unit Padget Electronics Pvt. has bagged a contract from Lenovo for manufacturing laptops and notebooks under the Production-Linked Incentive scheme 2.0.Most share indices in the Asia-Pacific region rose on Tuesday, tracking overnight gains on Wall Street as investors shift their focus on…
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Source: https://www.ndtvprofit.com/amp/markets/stocks-to-watch-infosys-canara-bank-dixon-tech-rvnl-sterling-and-wilson-wipro-dlf-jk-bank

Mangaluru: Canara Bank to organise ‘Property Expo 2023’ at Circle Office, Balmatta Road on Dec 16

Media release
Mangaluru, Dec 15: The regional office of Canara Bank along with ARM Branch, Mangaluru, will organise a ‘Property Expo 2023’ on December 16 at Canara Bank, Circle Office on Balmatta Road in Mangaluru.
More than 100 properties across Mangaluru will be put up for sale through online auctions.
Customers have been urged to grab the opportunity to buy apartments/house buildings, commercial complex, factory buildings and vacant plots at low and reasonable prices.

Loans can be arranged for purchase of property with documentation and processing charges waived.
Further…
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Source: https://www.daijiworld.com/news/newsDisplay?newsID=1149598

Kyndryl to Modernize and Manage Canara Bank’s IT Operations

NewsVoirBangalore (Karnataka) [India], January 18: Kyndryl, the world’s largest IT infrastructure services provider, announced today that it has engaged with Canara Bank, one of the largest public sector banks in India, to optimize the bank’s business services and operations and modernize its IT infrastructure. As Canara Bank’s trusted IT partner, Kyndryl will augment the bank’s end-to-end IT operations and streamline services delivery across core banking, IT infrastructure, applications, and network operations.Kyndryl’s solution will provide Canara Bank with an end-to-end view of its business services, risk mitigation using advanced capabilities and tools, and focus on services…
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Source: https://www.business-standard.com/amp/content/press-releases-ani/kyndryl-to-modernize-and-manage-canara-bank-s-it-operations-124011800769_1.html

Union Bank and Canara Bank targets raised by BoFA Securities

BoFA Securities has revised its price targets for two leading public sector banks in India, Union Bank of India (NS:) and Canara Bank (NS:), following their robust September quarter earnings. The brokerage firm has set a new target for Union Bank at ₹140, up from ₹130, and for Canara Bank at ₹490, up from ₹455. These revisions suggest potential gains of approximately 34% for Union Bank and 25% for Canara Bank, with both institutions receiving a ‘buy’ recommendation.The NIFTY PSB index, which includes these banks, has recently outperformed the broader NIFTY Banks index by rising 11%. This bullish sentiment is underpinned by Canara Bank’s impressive financial performance, with…
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Source: https://in.investing.com/news/union-bank-and-canara-bank-targets-raised-by-bofa-securities-93CH-3912637

CBI books firm for cheating Canara Bank subsidiary of ₹6.80 crore | Mumbai news

The Central Bureau of Investigation (CBI) has booked a telecom firm from Baroda for allegedly duping a wholly owned subsidiary of Canara Bank to the tune of ₹6.80 crore. HT Image {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} In a complaint filed on October 4 with the probe agency, Canbank Factors Limited (CBFL) alleged that the firm, Accord Industries Limited, had availed Sale Bill Factoring amount of ₹8 crore from its Mumbai branch. Amazon Sale season is here! Splurge and save now! Click here Factoring is a type of financial transaction in which a business entity sells its book debts to a financial institution at a discount,…
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Source: https://www.hindustantimes.com/cities/mumbai-news/cbi-books-firm-for-cheating-canara-bank-subsidiary-of-6-80-crore-101698177410068-amp.html

Kerala: Canara Bank Staff on 24-Hour Dharna for Adequate Recruitment and Fair Wages

The employees of the Canara Bank in Kerala sat on a 24-hour dharna on December 15 evening in Palakkad district against the policies pursued by the bank on issues relating to adequate recruitment, denial of permanent jobs and prescribed wages to the temporary workers. Canara Bank is a leading Public Sector Bank (PSB).
The Canara Bank Staff Union (CBSU), leading the struggle, has accused the central government of utilising the services of the bankers for the Vikshit Bharat Sankalp Yatra, while the bank branches and the customers are severely affected due to lack of recruitment. 
The union has accused the bank management of refusing transfers to staff under medical and compassionate…
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Source: https://www.newsclick.in/kerala-canara-bank-staff-24-hour-dharna-adequate-recruitment-and-fair-wages?amp

Canara Bank Surges in Trading Today

The current data for Canara Bank stock shows that the stock price is ₹462.95 with a percent change of 1.14. This indicates that the stock price has increased by 1.14% compared to the previous trading day. The net change in the stock price is 5.2, suggesting that the stock has gained 5.2 points. Overall, this data suggests that Canara Bank’s stock price is experiencing a positive trend and has seen a slight increase in value.
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Source: https://mintgenie.livemint.com/amp/news/markets/canara-bank-share-price-live-blog-for-19-jan-2024-151705631802480

Kyndryl to Modernize and Manage Canara Bank’s IT Operations

Bangalore (Karnataka) [India], January 18: Kyndryl, the world’s largest IT infrastructure services provider, announced today that it has engaged with Canara Bank, one of the largest public sector banks in India, to optimize the bank’s business services and operations and modernize its IT infrastructure. As Canara Bank’s trusted IT partner, Kyndryl will augment the bank’s end-to-end IT operations and streamline services delivery across core banking, IT infrastructure, applications, and network operations.

Kyndryl’s solution will provide Canara Bank with an end-to-end view of its business services, risk mitigation using advanced capabilities and tools, and focus on services…
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Source: https://theprint.in/ani-press-releases/kyndryl-to-modernize-and-manage-canara-banks-it-operations/1929255/?amp

Canara Bank closed today at

Canara Bank Stock Price TodayCanara Bank Share Price Today : The last day of trading for Canara Bank saw an open price of ₹459.85 and a close price of ₹464.7. The highest price reached during the day was ₹465.75, while the lowest price was ₹452.25. The market capitalization of the bank is ₹82,833.19 crore. The 52-week high for the stock is ₹471.4, while the 52-week low is ₹268.85. The BSE volume for the day was 235,504 shares.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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Source: https://mintgenie.livemint.com/news/markets/canara-bank-share-price-live-blog-for-18-jan-2024-151705545656245