IDFC

At a meeting held on Wednesday, IDFC's board gave an in-principle approval to infuse Rs 2,000 crore "growth capital" into IDFC First Bank

CLOSING BELL: The S&P BSE Sensex scaled a new summit at 63,303, and settled above 63,000-mark for the first-time ever. The Nifty 50 hit a new all-time high at 18,816 on Wednesday.

SBI, BoB hammer out first gilt deal using digital rupee; 48 transactions carried out

The Bank's profitability is expected to improve over the medium term as the bank establishes its retail franchise and the economies of scale help improve operational efficiency

According to the current rule around impact cost, a stock's median quarter-sigma order size over the past six months cannot be not less than Rs 25 lakh

Stick to proven fund houses with at least a 5-year track record and see how they performed over market phases

Shares of state-run telecom firm MTNL will be in focus as the the government has deferred the merger of BSNL and MTNL due to financial reasons.

Singapore's sovereign wealth fund GIC, private equity player ChrysCapital are partners of the consortium

The fund has outperformed the benchmark (S&P BSE 500 TRI) and its peers (funds ranked under the ELSS category in December 2021 CMFR) in the past 1-, 2-,3-,5-, 7- and 10-year trailing periods

According to Nandish Shah of HDFC Securities, primary trend is bullish as the stock price is trading above all important short and medium term moving averages.

The board also approved a proposal to seek shareholders' approval, by means of a postal ballot, for the appointment of Anita Belani as an independent director

FII fund flows, corporate earnings and ongoing IPOs likely to be in focus today

Telecom operator Bharti Airtel's around Rs 21,000 crore rights issue will open on October 5, according to a regulatory filing

Over 62% IDFC shareholders reject appointment of Vinod Rai as non-independent, non-executive director

Business Standard brings you the top headlines on Saturday

Existing fund houses, MF aspirants could show interest

The Reserve Bank of India has allowed IDFC to exit the IDFC First Bank after the expiry of the lock-in period of 5 years

Data shows 10 out of 17 close-ended schemes maturing before July have seen one-year returns between 34 and 40 per cent

The Nifty Bank index stole the show and hit a new peak of 37,309 levels, up 1,200 points in the intra-day trade. The index closed 1,197 points, or 3.3 per cent, higher at 37,306 levels

Lock-in period for stake in bank expires on Sept 30, AMC arm seeing steady growth