Latest Updates Around The World
Kerala-based private lender Federal Bank on Friday approved the issuance of convertible warrants worth Rs 6,196 crore to Asia II Topco XIII, a subsidiary of private equity giant Blackstone, sending its shares up as much as 2.2% to Rs 232.25 on the BSE. The move positions Blackstone to acquire a nearly 10% stake in the […]
The Federal Bank has announced its quarterly results for the July-September quarter, showing a decline of 9.6% year-on-year (year-on-year) in standalone net profit at Rs 955.26 crore, against Rs 1,056.69 crore in the year-ago period. However, the bank reported its highest ever net interest income (NII) at Rs 2,495 crore. Despite the year-on-year decline, the […]
Mumbai: Credit cards, often seen as an accurate proxy for the demand of urban consumption in India, saw additions to both the customer base and in July expenses, which reflected what some analysts described as revival in risky appetite by regular lenders. The expenditure climbed by 5.5% from June to RS 1.93 Lakh Crore, which […]
File photo: A drawing board from Sumitomo Mitsui Banking Corporation can be seen outside her branch in Tokyo | Photocredit: Yuya Shino The Japanese Sumitomo Mitsui Banking Corporation (SMBC) has received the approval of the Bank or India Reserve to acquire up to 24.99 percent of the paid share capital/ voting rights from YES Bank. […]
Private lender Yes Bank on Saturday said that the reserve Bank of India (RBI) Sumitomo Mitsui Banking Corporation (SMBC) has approved to acquire up to 24.99% of the stock capital paid and voting rights from the bank. It is important that RBI has clarified that SMBC will not be classified as a promoter of YES […]
“We may see some chance in industrial, consumer discretionary and staples that seem to be, such as ITC and Hindustan Unilever. Besides that, the market does not see very exciting,” says Chakri Lokapriya, Cio-Equits, LGT-Rijkdom. Give us a general feeling from where you see the markets there. We are deeply in sold -up territory. Fundamentally, […]
Avenue Capital Group, State Bank of India, based in New York, a branch of the GIC of Singapore, and Federal Bank will sell 105.4 million shares, a 32.57% interest in Asset Reconstruction Company (India) LTD (Arcil), which marks the first public offer in India in India. The company submitted its concept of Red Herring Prospectus […]
Avenue Capital Group, State Bank of India (SBI), Singapore’s GIC -Onderwentom of Turn -Investment and Federal Bank will sell a total of 10.54 crore shares in Arcil LTD in what the first initial public offer (IPO) will be for a bad loanaggregator in India. The company submitted its concept of Red Herring Prospectus (DRHP) to […]
