LIVE MARKET TRACKER :   BSE SENSEX   27437.94      |    NSE NIFTY 8305.25    
GLOBAL MARKETS :  NASDAQ 5092.08   +0.71%    |    FSI London 7070.70   +0.24%    |    NIKKEI Japan 20020.04   -0.83%
  USD GBP EUR CAD AUD INR
USD - 0.6587 0.9198 1.2184 1.2788 63.8790
GBP 1.5192 - 1.3974 1.8510 1.9427 97.0450
EUR 1.0878 0.7165 - 1.3254 1.3910 69.4876
CAD 0.8213 0.5410 0.7554 - 1.0502 52.4630
AUD 0.7828 0.5156 0.7200 0.9538 - 50.0045
INR 0.0157 0.0103 0.0144 0.0191 0.0201 -
Indian-Commodity  :  Equity & Shares  :  United Bank of India gains on inking pact with Piaggio Vehicles

United Bank of India gains on inking pact with Piaggio Vehicles (13-Feb-2013)

United Bank of India is currently trading at Rs. 68.20, up by 0.20 points or 0.29% from its previous closing of Rs. 68.00 on the BSE.

The scrip opened at Rs. 68.50 and has touched a high and low of Rs. 69.05 and Rs. 68.05 respectively. So far 12028 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 87.15 on 17-Feb-2012 and a 52 week low of Rs. 49.75 on 31-Aug-2012.

Last one week high and low of the scrip stood at Rs. 69.00 and Rs. 62.20 respectively. The current market cap of the company is Rs. 2472.84 crore.

The promoters holding in the company stood at 81.56% while Institutions and Non-Institutions held 7.36% and 11.08% respectively.

United Bank of India has inked pact with Piaggio Vehicles for financing light commercial vehicles manufactured by the company. It has recently signed a Memorandum of Understanding (MoU) with Piaggio, which manufactures three and four-wheeler light commercial vehicles under the brands Ape, Porter and Cargo.

With this deal, bank will be able to increase its exposure in the micro sector. The bank aims to bring more than 30,000 micro entrepreneurs into its fold during the next fiscal.

United Bank of India has emerged as a strong and efficient banking organization over the years and plays an integral role in the socio-economic development of the Eastern and North-Eastern States of the country. The bank at present has a strong presence with its total 1678 branches and 800 ATMs spread across the country.


Top News Today
Jet Airways, Cairn India and Ramco Systems to see some action today
(24-Apr-2015)

Jet Airways, Cairn India and Ramco Systems to see some action todayJet Airways, India's premier international airline, has significantly strengthened its domestic service network with the introduction of 31 additional flights in the 2015 summer schedule. The additional......click on news to read complete article.

Asia Pacific economies to face challenges when the US begins raising rates: Moody's
(24-Apr-2015)

Asia Pacific economies to face challenges when the US begins raising rates: MoodyGlobal rating agency Moody's has cautioned that though emerging economies in Asia Pacific (APAC)  region, including India, have a high degree of immunity to external shocks, but will face challenges......click on news to read complete article.

CII terms Land Bill as Pro-Farmer, Pro-Growth
(23-Apr-2015)

CII terms Land Bill as Pro-Farmer, Pro-GrowthComing strongly in favour of the controversial Land Bill, the industry body, Confederation of Indian Industry (CII) has said that the amended Land Bill introduced in Parliament will create millions of......click on news to read complete article.

International Stock News
US markets end higher; Nasdaq hits fresh record high
(25-Apr-2015)

US markets end higher; Nasdaq hits fresh record highExtending their previous session rally, US markets ended modestly in green on Friday with Nasdaq ending the session at a new record closing high. The strong gain posted by the Nasdaq was partly due to......click on news to read complete article.

US markets end modestly in green; Nasdaq at a new record high
(24-Apr-2015)

US markets end modestly in green; Nasdaq at a new record highUS markets ended modestly in green on Thursday with Nasdaq ending the session at a new record closing high. There were some good earnings announcements from big-name companies that provided strength to......click on news to read complete article.

US markets bounce back amid news of additional Chinese stimulus
(21-Apr-2015)

US markets bounce back amid news of additional Chinese stimulusThe US markets bounced back on Monday from their last session's steep fall, making a good start of the new week. The strength on the Wall Street came amid news of additional Chinese stimulus. The People's......click on news to read complete article.

 

     
  
Recent Equity & Shares News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.