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Jhunjhunwala cut her stake in Canara Bank by 62 bps to 1.45% in the January-March quarter from 2.07% at the end of the previous quarter. The stock has delivered returns of 115% over the past 12 months and its year-to-date returns are 38%.
A special court here on Wednesday denied bail on health grounds to Jet Airways founder Naresh Goyal in a money-laundering case.
Naresh Goyal denied medical bail by Mumbai PMLA court due to malignancy. Arrested for siphoning Canara Bank loans. ED's complaint involves advance payments, investments, and funds diversion to subsidiaries.
The detailed order on the bail plea is likely to be made available on Friday.
India Business News: The Next 50 index is projected to achieve a remarkable 39% earnings growth over the next year, based on Bloomberg's compiled estimates. This expected