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New Delhi, Oct 25 (PTI) Agro-chemical firm Bharat Rasayan's board has approved the sub-division of its equity shares and issue of bonus shares in a 1:1 ratio to eligible shareholders. The subdivision of shares is meant to boost the liquidity of its scrips and expand the shareholders' base. In a regulatory filing on Friday, the company informed that the Board has approved the sub-division of existing 41,55,268 equity shares of face value of Rs 10 each, fully paid-up to 83,10,536 shares of the f ...Read More >
Mumbai, October 25: Private sector lender Kotak Mahindra Bank on Saturday reported a 2.7 per cent year-on-year (YoY) decline in its net profit at Rs 3,253 crore for the July-September quarter (Q2 FY26). The bank had posted a net profit of Rs 3,344 crore in the same period last year. Despite the marginal dip in profit, the bank's net interest income (NII) rose 4 per cent (on-year) to Rs 7,311 crore from Rs 7,020 crore in Q2 FY25, while the net interest margin (NIM) stood at a healthy 4.54 per cen ...Read More >
Mumbai, Oct 25 (SocialNews.XYZ) The holiday-truncated week saw festive-driven optimism and upbeat consumer sentiment as it welcomed the Samvat 2082. However, the momentum gradually lost its steam, as geopolitical tensions and profit-taking weighed on investors' confidence. Record festive sales underscored India's surge in consumer demand this season, powered by resilient household spending and GST-driven affordability. PSU banking stocks led the rally, buoyed by news of potential consolidation ...Read More >
MUMBAI: The US-based private equity firm Blackstone is set to acquire nearly 10% stake in Federal Bank for Rs 6,196.5 crore. The Kerala-based bank's board approved the proposal on Friday, it now requires shareholder and regulatory clearances, including from RBI and Competition Commission of India. This is the latest instance where an Indian lender has tapped private capital through a large-ticket deal this year. The deal activity has driven debate on whether RBI is taking a more liberal view of ...Read More >
New Delhi: The government has approved the extension of two investment options, Life Cycle and Balanced Life Cycle, to central government employees under the National Pension System (NPS) and the Unified Pension Scheme (UPS), the finance ministry said on Friday. This is in line with the continued demand from Central Government employees for a broader range of investment options similar to those available to non-government subscribers. These options are designed to enhance flexibility in retirem ...Read More >
Jio Platforms is gearing up for its highly anticipated IPO, with analysts projecting it could achieve a dazzling valuation of USD 148 billion by September 2027. This bullish outlook is fueled by enhanced sector dynamics, a more robust tariff environment, and an accelerating shift towards 5G technologies. ICICI Securities expects Jio Platforms' ensuing IPO to fetch "premium valuations", as was the case in the high-profile equity raise of FY21, and has pegged the company's equity value at USD 148 ...Read More >
New Delhi, Oct 24: India's real estate sector recorded 42 transactions totalling $2.9 billion in Q3 2025, marking the highest quarterly volume to date, a report said on Friday. Grant Thornton Bharat Report Highlights Strong Market Momentum According to a report from business advisory firm Grant Thornton Bharat, transactions included nine public market deals comprising of five IPOs and four QIPs. M&A and Private Equity Investments See Sharp Uptick Further, a significant increase in marquee M& ...Read More >
Mumbai, Oct 24 (PTI) Benchmark indices Sensex and Nifty declined on Friday amid profit-taking in FMCG and banking shares following a six-day rally and fresh foreign fund outflows. Snapping its six-day winning streak, the 30-share BSE Sensex dropped by 344.52 points or 0.41 per cent to settle at 84,211.88. During the day, it fell by 599.25 points or 0.70 per cent to 83,957.15. The 50-share NSE Nifty declined by 96.25 points or 0.37 per cent to 25,795.15 as 34 of its constituents closed lower an ...Read More >
New Delhi, Oct 24 (SocialNews.XYZ) As much as 19 per cent of the assets of the Indian mutual fund industry came from beyond the top 30 cities (B30 locations) in September 2025, a report said on Friday. Assets from B30 locations increased from Rs 14.14 trillion in August to Rs 14.50 trillion in September, representing a growth of 2.6 per cent. While on a year-on-year (YoY) basis, the same rose by 15 per cent. "Meanwhile, Assets from top 30 cities (T30 locations) also grew 14 per cent YoY basis ...Read More >
Orkla India IPO: Orkla India, parent company of packaged foods manufacturer MTR Foods, has set the price band for its initial public offering (IPO) in the range of ₹695 to ₹730 per equity share. The mainline offering is entirely an offer for sale (OFS) of ₹22.8 million equity shares worth ₹1,667.54 crore. Orkla Asia Pacific is the promoter selling shareholder, while Navas Meeran and Feroz Meeran are other selling shareholders. According to the red herring prospectus (RHP), the company has reser ...Read More >
New Delhi, Oct 23 (PTI) IT stocks were in the limelight on Thursday, with Infosys surging nearly 4 per cent, helping drive the equity markets higher. Shares of Infosys climbed 3.86 per cent to settle at Rs 1,528.85 apiece on the BSE. During the day, the stock jumped 5 per cent to Rs 1,545.70. On the NSE, it edged higher by 3.81 per cent to Rs 1,528.50 per share. Shares of HCL Tech climbed 2.43 per cent, Tata Consultancy Services went up by 2.24 per cent, Hexaware Tech rose by 1.76 per cent, W ...Read More >
Mumbai, Oct 23 (PTI) Equity benchmark indices Sensex and Nifty ended marginally higher on Thursday, helped by robust buying in IT and tech stocks amid growing optimism on the US-India trade deal front. After hitting a 52-week high, indices reversed most of their intra-day gains on fag-end profit-taking after sentiment turned cautious amid concerns over US sanctions against Russia's two largest oil companies. Besides, an over one per cent decline in heavyweight Reliance Industries also pulled t ...Read More >
New Delhi, Oct 23 (SocialNews.XYZ) India's real estate sector raised Rs 23,080 crore in capital through 12 deals in FY25, reaching a seven-year high, a report said on Thursday. Total fundraising in the real estate sector since FY18 reached Rs 72,331 crore, with Real Estate Investment Trusts (REITs) leading the sector, raising Rs 31,241 crore, according to the report from the investment banking firm Equirus Capital. REITs were followed by large-cap real estate firms at Rs 20,437 crore, mid-cap ...Read More >
Bengaluru, Oct 22 (SocialNews.XYZ) Infosys promoters and members of the promoter group, including co-founder Nandan M. Nilekani and Sudha Murty, have decided not to participate in the company's Rs 18,000 crore share buyback, the IT major said in an exchange filing on Wednesday. The promoters collectively hold 13.05 per cent of Infosys' equity as of the buyback announcement date. The promoters include co-founder N.R. Narayana Murthy's family -- wife Sudha N. Murty, daughter Akshata Murty, and s ...Read More >
Gold and silver futures opened with strong gains on the Multi Commodity Exchange (MCX) this Diwali, reflecting firm global cues and robust seasonal demand. The December futures contract for gold opened at Rs 1,28,134 per 10 grams, up Rs 1,126 or 0.89%, while silver surged Rs 1,996 or 1.27% to trade at Rs 1,58,600 per kilogram. The uptick in precious metals comes after international markets posted a steady recovery, with spot gold and silver inching higher following last week's volatility. Dome ...Read More >
The allotment for Midwest's Rs 451 crore IPO will be finalised on Monday and investors who applied for the issue can soon check whether they have received shares. The issue received a massive response from investors, subscribing 92.36 times overall, led by strong demand from institutional and non-institutional investors. The IPO consisted of a fresh issue of Rs 250 crore and an offer for sale (OFS) of Rs 201 crore, priced between Rs 1,014-1,065 per share. The company is expected to list on both ...Read More >
Globally, developments around proposed US tariffs on China, along with movements in crude oil prices and currency trends, will play a key role in shaping risk appetite and investor positioning, Mishra added.Source : ABPLIVE AI The Indian benchmark indices saw significant gains during early trade on Monday morning on account of Diwali as the Sensex opened 498 points higher at 84,451.11, and the Nifty opened higher by more than 190 points, at 25,899.90. In the pre-open session, at 9:03 AM, the S ...Read More >
New Delhi, October 20: The Bengaluru police have registered a case of abetment to suicide against Ola founder and CEO Bhavish Aggarwal and senior executive Subrath Kumar Das after an employee allegedly took his own life. The deceased, 38-year-old K Aravind, is said to have left behind a 28-page death note in which he accused his seniors of workplace harassment. Police said the case was filed following a complaint by Aravind's brother, Ashwin Kannan. According to officials, the FIR names Bhavish ...Read More >
Mumbai: RBL Bank expects its proposed share purchase deal with Emirates NBD to conclude within the next 5-8 months, with the management indicating the full $3 billion (₹26,850 crore) infusion - the biggest foreign direct investment in commercial banking - is likely this FY itself. The bank proposes to simultaneously seek regulatory and federal approvals while it seeks shareholder nod for the majority takeover. "It should be somewhere in the 5-8-month range," R Subramaniakumar, MD & CEO, RBL Ba ...Read More >
MUMBAI : Emirates NBD Bank's decision to buy a controlling stake in RBL Bank for $3 billion is likely to see more global banks looking at having an India play. With the banking regulator likely to allow such transactions going forward, a floodgate of more such transactions will open up, say bankers and industry experts. On Saturday, Emirates NBD said it has entered into an agreement to acquire a 60% stake in RBL Bank for ₹26,850 crore. The transaction, which is subject to shareholder and regula ...Read More >
Mumbai, Oct 18 (SocialNews.XYZ) The Indian equity benchmarks ended the week decisively higher amid short covering from foreign institutional investor (FII) participants and resilient domestic cues. Market optimism was bolstered by clarity in the India-US trade relations, with both sides tentatively agreeing to conclude the first phase of the deal by November. The sentiment remained upbeat as Bank Nifty achieved a new milestone, driven by robust buying interest in leading banking stocks. Invest ...Read More >
Indian stock markets, Sensex and Nifty, recovered from an early dip on Friday. Foreign fund inflows and anticipation of US Federal Reserve rate cuts boosted investor sentiment. Asian Paints, Mahindra & Mahindra, and Bharti Airtel were among the top gainers. This rebound follows strong performance on Thursday, driven by positive economic outlook and global factors. Mumbai, Equity benchmark indices Sensex and Nifty bounced back after starting the trade on a weak note on Friday, helped by foreign ...Read More >
Sify Infinit Spaces has filed draft papers with market regulator Sebi to launch the country's first data center IPO, aiming to raise Rs 3,700 crore. The company, part of the Sify Group, operates one of India's largest networks of data center colocation facilities. The IPO will include a fresh issue of shares worth Rs 2,500 crore and an offer for sale of shares worth Rs 1,200 crore by existing investors -- Kotak Data Center Fund (Rs 643 crore) and Kotak Special Situations Fund (Rs 557 crore). T ...Read More >
MUMBAI: IDFC FIRST Bank reported a 76% rise in profit after tax (PAT) to Rs. 352 crore for Q2 FY26, driven by lower provisions and growth in its retail and commercial businesses. The bank's CASA ratio crossed 50% for the first time, reflecting improved funding stability.The PAT jump was supported by a 16.2% YoY decline in total provisions to Rs. 1,452 crore, including a sequential fall of 12.5% from Rs. 1,659 crore in Q1. The bank used Rs. 75 crore of its microfinance provision buffer during the ...Read More >
MUMBAI: HDFC Bank reported a 10.8% rise in standalone net profit to Rs 18,640 crore for the quarter ended Sept 2025, driven by higher non-interest income and steady improvement in asset quality.Net interest income rose 4.8% year-on-year to Rs 31,550 crore, while non-interest income surged 25% to Rs 14,350 crore. Total income grew 10.4% to Rs 45,900 crore. Operating expenses rose 6.4% to Rs 17,980 crore, and provisions increased 29.6% to Rs 3,500 crore. Profit before tax climbed 11% to Rs 24,420 ...Read More >
Mumbai, October 18: The Indian equity benchmarks ended the week decisively higher amid short covering from foreign institutional investor (FII) participants and resilient domestic cues. Market optimism was bolstered by clarity in the India-US trade relations, with both sides tentatively agreeing to conclude the first phase of the deal by November. The sentiment remained upbeat as Bank Nifty achieved a new milestone, driven by robust buying interest in leading banking stocks. Investor confidence ...Read More >
The new venture, SK Enmove Gabriel India, will see SK Enmove holding a 51 per cent stake and Gabriel India 49 per cent. Auto components maker Gabriel India on Thursday announced a joint venture with South Korea's SK Enmove to diversify its product portfolio into lubricants and engine oils. The move marks a strategic step in Gabriel India's evolution from a suspension-focused company to a broader automotive systems and components player. The new venture, SK Enmove Gabriel India, will see SK Enm ...Read More >
Assam's government is set to preserve its sacred Satra institutions with a new bill. Land rights will be granted to tea garden workers. A significant investment is approved for a new fertilizer plant, promising jobs and economic growth. The Prime Minister is expected to lay the foundation stone for the project soon. Guwahati: The Assam Cabinet meeting has approved the "The Assam Satra Preservation and Development Commission Bill, 2025" to safeguard the sacred heritage institutions, promote thei ...Read More >
Mumbai: Despite global geo-political headwinds, India's capital markets continued to show strong resilience in the first half of the current fiscal (H1 FY26), mobilising Rs 9.7 lakh crore through equity and debt -- up 13 per cent year-on-year (YoY), the National Stock Exchange has said. In its market pulse report, the NSE highlighted that equity fundraising during the period stood at Rs 2 lakh crore, including Rs 64,363 crore from initial public offerings (IPOs). In H1 FY26, 122 companies -- 5 ...Read More >
The fund is open for subscription under a New Fund Offer (NFO) till October 26, at ₹10 per unit.Axis Max Life Insurance has launched the Axis Max Life India Consumption Opportunities Fund, an actively managed equity fund aimed at tapping into India's growing domestic consumption economy. The fund is open for subscription under a New Fund Offer (NFO) till October 26, at ₹10 per unit. It will be available exclusively through select Axis Max Life unit-linked insurance plans, including the Flex ...Read More >
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