The stock closed 11.04% or 173 pts lower at 1,395 on the BSE. The large cap stock lost 182 points to hit a new intra day low of Rs 1,386.05 compared to the previous close of Rs 1,568.95 on BSE.

Syndicate Bank has formed a team of 1,500 people meant for taking up the recovery process, in addition to special branches which took up the task

Going ahead, the equity market will remain volatile ahead of the general election in the first half of 2019.

Both solar and wind tariffs have fallen steeply in recent years, but excessive emphasis on lowering tariffs is now threatening India's renewable energy success story.

The Ministry of Corporate Affairs (MCA) is in the thick of action - dealing with shell companies, crisis at IL&FS, putting the fledgling insolvency law in place, and much more. MCA Secretary Injeti Srinivas, in a discussion with Joe C. Mathew and Dipak Mondal, talks about initiatives the ministry has taken in the past one year. Edited excerpts:

How it became India's fourth most valuable group and what it is doing to stay on top.

According to Niti Aayog Vice-Chairman Rajiv Kumar, the focus of the government in 2019 will be to expedite reforms with a view to accelerating growth

Markets regulator Sebi Friday allowed mutual funds to create segregated portfolios with respect to debt and money market instruments, while ensuring fair treatment to all the unit holders.