ITC Ltd., the cigarettes-to-FMCG conglomerate, is set to grab investor attention on January 6 as its hotel division, ITC Hotels, spins off into a separate listed entity. Under the demerger scheme, ITC shareholders would receive one equity share of ITC Hotels for every 10 shares of ITC. ITC would hold 40% stake in ITC Hotels […]
ITC Hotels Demerger Takes Effect; Special Pre-Open Session Scheduled Today Read More »
The Reserve Bank of India (RBI) has granted approval to HDFC Bank, India’s largest private lender, to acquire up to a 9.5 percent stake in AU Small Finance Bank (AU SFB). The bank has one year from the approval date to finalize the acquisition, after which the approval will expire. In a filing, AU Small
HDFC Bank Gets RBI Approval to Acquire Stake in AU Small Finance Bank Read More »
Bajaj Finance, one of India’s leading non-banking financial companies (NBFCs), reported robust performance in the October-December quarter of FY25. The company achieved significant growth across key business metrics, according to its update filed on January 3. The AUM of the company soared 28 percent year-on-year to reach ₹3.98 lakh crore as of December 31, 2024,
Bajaj Finance Q3 Business Update: Strong Growth in AUM and Customer Base Read More »
The Indian government can impose restrictions on cross-border data transfers to foreign nations, entities, or individuals based on concerns related to national security, sovereignty, or privacy, as per the draft rules of the Digital Personal Data Protection (DPDP) Act. These draft rules, released on January 3, are open for public consultation until February 18. While
Govt Empowered to Restrict Cross-Border Data Transfers Under Draft DPDP Rules Read More »
Shares of Yes Bank, South Indian Bank, and Bank of Maharashtra surged up to 5% on January 3 following the banks’ strong business performance for the third quarter of FY24. Deposits of Yes Bank jumped around 15% YoY in three months of December to Rs 2.77 lakh crore. Loans and advances of the bank were
December 2024 marked a historic milestone for the Indian IPO market, with 15 companies collectively raising Rs 25,425 crore. This achievement makes December 2024 the best month for initial public offerings since 1996, both in terms of the number of IPOs and the amount of funds raised. Back in December 1996, 33 companies had raised
December 2024: Best Month for IPOs Since 1996, Rs 25,425 Crore Raised by 15 Companies Read More »
RITES Limited shares are expected to remain in focus on January 3, 2025, following the company’s announcement of a significant order win from the Steel Authority of India Limited (SAIL) – Bhilai Steel Plant. The company has secured a work order worth Rs 69.78 crore for the repair of 43 WDS6 locomotives over a period
RITES Shares in Spotlight After Securing Rs 69.78 Crore Order from SAIL Read More »
Shares of Anya Polytech & Fertilizers made a strong debut on the NSE Emerge platform on January 2, 2025, listing at a 22% premium over the issue price. This comes after an overwhelming response to the company’s Rs 44.80 crore SME initial public offering (IPO). The stock opened at Rs 17.10 per share, significantly higher
Anya Polytech & Fertilizers Shares Debut at 22% Premium on NSE Emerge Read More »
Retail investors in India have made remarkable strides over the last decade, with their holdings as direct and indirect participants (via mutual funds) increasing more than tenfold, according to the National Stock Exchange’s (NSE) annual data highlight report. The total investor base in India crossed the 10-crore milestone in August 2024, with an additional one
Retail Investor Boom: Holdings Grow Over 10x in a Decade, NSE Reports Read More »
Goods and Services Tax (GST) collections in India rose to Rs 1.77 lakh crore in December 2024, marking a 7.3% increase compared to December 2023, when collections stood at Rs 1.65 lakh crore. This data, released on January 1, 2025, shows that GST collections have remained above Rs 1.7 lakh crore for ten consecutive months,
India’s GST Revenue Hits Rs 1.77 Lakh Crore in December, Rising 7.3% YoY Read More »
