Ratan Tata sells 5% stake in Upstox, earns 10x return on investment
Based on Upstox’s recent valuation of $3.5 billion, his investment could deliver around 23,000% return.
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IPOs to watch next week: A look at new public issues and SME listings
The coming week will see one IPO each from the mainboard and SME blocks, with a combined aim of raising ₹365.5 crore.
LIC increases stake in Bank of Maharashtra to 7.10% via QIP
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Mark Mobius says India is catching up to China
Speaking to CNBC-TV18, Mobius identified real estate as one of the most exciting sectors in India. Mobius believes that “the demand for housing in India…
Markets adapt to geopolitical risks, but China’s stimulus could shift investor focus, says BlackRock
Ben Powell, Chief Investment Strategist for the Asia-Pacific region at BlackRock Investment Institute said that the broader outlook for India remains positive, with strong economic…
S&P cautious on China’s growth outlook
Moody’s economist Harry Murphy Cruise highlights the focus on household consumption as a significant shift, but adds that full implementation is crucial before adjusting growth…
AU Small Finance Bank reports 12.7% jump in Q2 deposits, gross advances rise nearly 6%
Total deposits reached ₹1,09,690 crore, up 12.7% from the previous quarter and 12.3% year-to-date following the merger with Fincare SFB on April 1, 2024. Gross…
IDBI Bank Q2 Update: Total business rises 15%, advances climb 19% on-year
IDBI Bank posted a 15% rise in total business to ₹4.78 lakh crore in Q2 FY24, with net advances up 19%. Deposits grew by 11%.
RBL Bank reports strong Q2 update: Deposits soar 20%, gross advances climb 15%
The bank reported total deposits of ₹1,08,028 crore, an increase of 20% compared to the same period last year. Gross advances, which represent the total…
NSE, former CEO Vikram Limaye to settle TAP misuse case with SEBI for ₹643 crore
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