Indusind Bank
Business  /  Published 25.02.21

All banks can handle pension

All private sector banks will be allowed to handle government-related banking transactions such as the collection of taxes, pension payments and small savings schemes, the finance ministry announced o...
By Our Special Correspondent in New Delhi

Business  /  Published 18.02.21

Hindujas up IndusInd stake

The promoter group entities of IndusInd Bank have paid a premium of 61 per cent to raise their stake in the private sector bank through a warrant conversion. To fund the conversion of warrants, Indus...
By Our Special Correspondent in Mumbai

Business  /  Published 30.01.21

IndusInd net falls 34% on provisions

Battery maker Exide Industries on Friday reported an over two-fold jump in consolidated net profit after tax (PAT) at Rs 239.87 crore in the third quarter ended December 2020 on robust sales. The comp...
By Our Special Correspondent in Mumbai

Business  /  Published 27.10.20

IndusInd merger buzz gathers steam

Kotak Mahindra Bank on Monday said acquiring companies and assets was one of the objectives of the capital raising exercise done during the first quarter, indicating that it is not averse to a merger ...
By Our Special Correspondent in Mumbai

Business  /  Published 29.07.20

IndusInd Bank to raise funds

IndusInd Bank is raising fresh capital of Rs 3,288 crore through a preferential issue at a price of Rs 524 per share. The shares will be issued to five marquee investors and the promoters. The bank w...
By Our Special Correspondent in Mumbai


Business  /  Published 25.07.20

Hedge fund doubles stake in IndusInd

Hedge fund Route One Investment Company will be doubling its stake in IndusInd Bank to 10 per cent, the private sector lender said on Friday. The hedge fund has received a nod from the Reserve Bank o...
By PTI in Mumbai

Business  /  Published 14.07.20

Sensex falls over 300 points

Equity benchmark Sensex dropped over 300 points in early trade on Tuesday, dragged by losses in financial stocks amid selloff in global markets. After touching a low of 36,339.07, the 30-share BSE Se...
By PTI in Mumbai

Business  /  Published 09.10.19

Sensex surges over 600 points

Equity benchmark BSE Sensex surged over 645 points to close at 38,177.95 on Wednesday, propelled by gains in banking, financial and metal stocks.After opening on a cautious note, the 30-share index ga...
By PTI in Mumbai

Business  /  Published 08.06.20

IL&FS sells Gujarat International Finance Tec-City stake

Debt-laden IL&FS on Monday said it has completed the sale of its 50 per cent stake in Gujarat International Finance Tec-City (GIFT City) to the Gujarat government, generating over Rs 32 crore for ...
By TT Bureau in Mumbai

Business  /  Published 04.05.20

Sensex falls over 1,500 points

Equity benchmark Sensex plummeted over 1,500 points in opening trade on Monday dragged by selloff in index-heavyweights HDFC twins, ICICI Bank, TCS and Infosys amid negative cues from global markets.T...
By PTI in Mumbai


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