Stocks in the news: YES Bank, TCS, Cipla, NCC, ICICI Bank, IOC and SBI
TCS is scheduled to announce its June quarter earnings on Thursday.
RGF has nothing to fear, but ask same questions to your 'holy cows' too: Congress to Govt
The decision to hold a probe into these trusts was ...
Government halts merger of 3 PSU general insurers; to infuse Rs 12,450 crore
The recapitalization will make the three state-owned general ins...
PMSes deliver over 50% return for Q1, but a few high-profile ones lag
Data showed at least 169 strategies managed to deliver positive returns to clients.
ICICI Bank to raise Rs 15,000 crore through share sale
The lender said that its board has approved such fundraising in one or more tranches.
HSBC Mutual Fund launches HSBC Focused Equity Fund
HSBC Asset Management has announced the launch of HSBC Focused Equity Fund (HFEF) - an open-ended equity scheme investing in maximum 30 stocks across market caps.
Zetwerk bags Rs 160 crore funding led by Greenoaks Capital
The latest funding comes just six months after Zetwerk raised $32 million which was co-led by Lightspeed and Greenoaks Capital, and brings the total funding raised by the two-year-old company to around Rs 450 crore (or $62 million).
MFs, FPIs reduce stake in NIIT Technologies in June quarter
Foreign portfolio investors held 13.99 per cent stake in the company as of June 30
Flipkart to invest Rs 260 crore in Arvind Fashions’ arm
The subsidiary will own the Flying Machine brand, which has been retailing on the Flipkart Group platforms for over six years, according to Arvind Fashions’ stock exchange filing.
IndusInd Bank surges 7% on reports of stake sale to Route One Investment
RBI has already approved Route One Investment’s plans, the report claimed.
JetSynthesys raises Rs 300 crore from existing shareholders
The capital infusion, announced on Wednesday, comes from Kris Gopalakrishnan, the family office of Adar Poonawalla, and the Navani family-owned Jetline Group. Other shareholders of JetSynthesys include the family offices of Thermax, Triveni Group and DSP Group.
Money market funds see largest redemptions since Dec 2019: BofA
Emerging market equity funds had lost $3.1 billion in their 20th straight week of outflows.
Cabinet nod for development of affordable rental housing complexes for urban migrants, poor
Affordable Rental Housing Complexes is a sub-scheme under the Pradhan Mantri Awas Yojana-Urban. The concessionaire will make the complexes livable by repair or retrofit and maintenance of rooms and filling up infrastructure gaps such as water, sewer, sanitation, road and related work.
Morningstar downgrades two Prashant Jain managed funds
Total asset under management in both funds stands at Rs 31,962.67 crore.
Riskier bond sales jump to 15-month high in India on stimulus
India’s support measures have also helped cut borrowing costs for weaker borrowers
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