Latest Updates Around The World
According to Dipan Mehta, director of Elixir Equities, the Securities and Exchange Board of India’s (SEBI) proposal to revise mutual fund fee rules to reduce costs for investors is unlikely to have a material impact on mutual funds or brokers. Speaking to ET Now, Mehta said the changes appear “marginal” and are mainly aimed at […]
The All India IDBI Officers’ Association (AIIOA) has urged Finance Minister Nirmala Sitharaman to “uphold the national interest” and consider a merger of IDBI Bank with any public sector bank to protect the interests of depositors, small borrowers and employees. This follows similar requests made earlier to the MD and CEO of IDBI Bank and […]
The earnings season for the September quarter, which started on October 9 when TCS announced its second-quarter earnings, is expected to be modest, with Nifty companies likely to post earnings growth of around 6% year-on-year, according to estimates. The results are now coming thick and fast, with a whopping 212 companies set to announce their […]
The Indian Finance Minister Nirmala Sitharaman said on Friday that the rising bond returns had made loans expensive for the government at a time when interest rates were low. The 10-year-old Benchmark Bond by India rose with 19 basic points in August, the largest monthly peak in three years. The yield was on Friday at […]
Markets broke a winning series of six sessions and ended lower, lost almost one percent when the sentiment became weak from the start and further deteriorated in the second half. In the current trade, shares of Indigo, Max Healthcare, Idbi Bank, Indian Hotels, Idbi Bank will be in focus because of various news developments. BMW […]
According to the terms of the transaction, the voting rights of LIC may not exceed 10 percent and the insurer may also not exercise direct or indirect control over the affairs of the bank | Photocredit: Dado Ruvic The Securities and Exchange Board of India (Sebi) has made reclassification of Life Insurance Corporation of India […]
Idbi Bank said that Regulator of the Sebi capital markets has approved the reclassification of Life Insurance Corporation (LIC) as a “public shareholder” in the lender once the strategic disinvestment process of the government is completed. In an exchange application, the bank stated that SEBI goods inspection is subject to several conditions, including LIC who […]
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 […]
Arunish Chawla, secretary of the Department of Investment and Public Asset Management (Dipam) | Photocredit: Cueapi Financial bids for the strategic sale of IDBI Bank will probably be invited in the third quarter of the current tax, Arunish Chawla, secretary of the Department of Investment and Public Asset Management (DIPAM) said Friday. The strategic sale […]
