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...

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...

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...

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 ...

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...

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...

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...

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...

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 ...

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...