The government is looking to sell stakes in Indian Overseas Bank, Bank of Maharashtra, Central Bank of India, Punjab & Sind Bank, and UCO Bank to comply with the Securities and Exchange Board of India’s rule mandating a minimum 25% public shareholding for all listed companies. Qualified institutional placements enable publicly traded companies to raise…
Here’s a quick look at stocks likely to be in focus in today’s trade. IndusInd Bank Moody’s Investors Service has affirmed IndusInd Bank‘s long-term foreign currency deposit rating at Ba1 with a stable outlook. However, the agency has placed the bank’s Baseline Credit Assessment (BCA) under review for a possible downgrade due to concerns over…
Here’s a quick look at stocks likely to be in focus in today’s trade. HDFC Life: HDFC Life Insurance Company posted a consolidated net profit of â‚ą421.31 crore for Q3FY25, marking a 15% year-on-year rise from â‚ą367.54 crore in the year-ago period. The insurer’s net premium income grew by 10% to â‚ą16,832 crore. The profit…
India’s stock market has received a major boost as 13 Indian companies were added to FTSE’s prestigious All-World Index on August 23. This marks the largest number of additions from any single country, highlighting India’s growing global economic influence, as per Economic Times report. The Indian companies joining the index span various sectors, including banking,…
