Latest Updates Around The World
Fractal Analytics on Friday said it has raised Rs 1,249 crore from anchor investors ahead of its proposed initial public offering (IPO), after allotting 1,38,69,499 shares to 52 anchor investors at the top end of the price band of Rs 900 per share.The IPO opens for public subscription on Monday, February 9 and closes on […]
Private sector insurer HDFC Life Insurance has managed to reduce the impact of the GST changes on the Value of New Business (VNB) in the third quarter and hopes to reduce it further in the fourth quarter of this fiscal, said Executive Director and Chief Financial Officer Niraj Shah. Shah said the insurer has introduced […]
HDFC Life Insurance on Thursday reported subdued growth in the December quarter, with standalone profit after tax rising just 1% year-on-year to Rs 421 crore, compared to Rs 415 crore in the same period last year.Net premium income grew 9% year-on-year to Rs 18,242 crore during the quarter, compared to Rs 16,771 crore a year […]
The Indian stock index could be headed for another leg higher in the next 15 months as the long-awaited earnings recovery takes hold. Antique Stock Broking has forecast the Nifty 50 to rise to 29,500 by March 2027 and urged investors to position themselves for a rebound led by banks, capex and select discretionary stocks. […]
Shares of HDFC Bank will be in focus on Tuesday, December 16, after the Reserve Bank of India (RBI) approved group entities of the bank to acquire an aggregate stake of up to 9.50% in IndusInd Bank.The RBI, through its letter dated December 15, 2025, the bank announced, approved the proposal submitted by HDFC Bank […]
Three mutual funds emerged as the biggest buyers in Swiggy’s Rs 10,000 crore qualified institutional placement, holding more than a third of the total issuance. ICICI Prudential AMC, SBI Mutual Fund and Aditya Birla Sun Life Mutual Fund together picked up shares worth around Rs 3,700 crore during the QIP, according to allotment details.ICICI Prudential […]
Home and furniture company Wakefit Innovations Ltd has mobilized Rs 186 crore from three investors, Steadview Capital, WhiteOak Capital, InfoEdge and Temasek-backed Capital 2B, ahead of the initial opening of its share sale for public subscription.As part of the transaction, Steadview Capital Mauritius, WhiteOak Capital and Capital 2B jointly bought 95.57 lakh shares at Rs […]
Wakefit Innovations has raised Rs 580 crore from key investors ahead of its IPO, according to a stock exchange filing on Friday. The allotment was made at Rs 195 per share, the top end of the price range, indicating strong institutional appetite for the country’s largest D2C home and furniture brand on a FY24 revenue […]
Aditya Birla Capital witnessed a major block deal worth Rs 819 crore on Tuesday when Advent International’s arm Jomei Investments sold 2.66 crore shares of the financial services arm of Aditya Birla Group at Rs 308 per share on the NSE. The transaction saw strong institutional participation, with major investors such as Goldman Sachs Bank […]
MD & CEO of HDFC Life InsuranceVibha Padalkar Photo Credit: HDFC Life Insurance is confident that negative impact of GST rate cut on premiums on margins will be reduced to zero in the coming quarters, says MD & CEOVibha Padalkar. She says the company will try to reduce costs on things that attract GST. Edited […]
