Merger of HDFC Bank with Housing Development Finance Corporation (HDFC) could turn out to be a major event for the benchmark NSE Nifty 50 index, which currently consists of both the stocks. According to analysts at ICICI Securities, the proposed merger, once in place, will likely result in an unprecedented ~14% of the Nifty 50 …
By Prathamesh Mallya Indians’ love affair with gold goes beyond the usual perception of the yellow metal in other parts of the world, where it is seen widely as an investment option. For millennia, gold has held a special place in Indian families, as an auspicious and ornamental asset. This sentiment continues to dominate the buyers’ …
By Shrikant Chouhan The benchmark indices witnessed a pullback rally on Tuesday, as the NSE Nifty 50 ended 86 points higher while the BSE Sensex was up by 257 points. Among sectors, PSU Banks outperformed, rallying nearly 2.5 per cent while sharp selloff was seen in IT stocks. As a result, the IT index was …
Billionaire Rakesh Jhunjhunwala Passes Away (Highlights): The stock market was in shock when the news of veteran investor Rakesh Jhunjhunwala’s passing made the headlines on Sunday morning. The billionaire whose net worth was USD 5.8 billion according to Forbes, died at the age of 62 in Mumbai. According to a PTI report, he passed away …
Investors’ wealth rose by over Rs 7.41 lakh crore in four trading days amid the stock market rally and the benchmark BSE Sensex reclaiming the 60,000-level on Wednesday. In the four days, the 30-share benchmark index has jumped 1,442.84 points or 2.45 per cent. Mirroring the rally in equities, the market capitalisation of BSE-listed firms …
DreamFolks Rs 562-crore IPO will open for subscription on Wednesday, and close on 26 August. The company has announced the price band at Rs 308-326 per equity share of face value of Rs 2 each. The issue is entirely an offer-for-sale (OFS), offering up to 1.7 crore equity shares by the existing promoters and the …
Glenn Maxwell waltzed his way to the fastest World Cup century after David Warner hit his second successive hundred as Australia crushed the Netherlands by 309 runs — the biggest in tournament history — to continue their winning run here on Wednesday. The winning run margin was also the second biggest in ODI cricket after …
The government has zeroed in on five merchant bankers, including ICICI Securities, Axis Capital and Citi Group, to manage the Centre’s 29.53% residual stake sale in Hindustan Zinc (HZL) in the open market tranches, sources told FE. The other bankers, which have been selected by the Department of Investment and Public Asset Management (Dipam), are …
The combined market valuation of six of the 10 most valued companies surged by Rs 1,56,247.35 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer. While RIL, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, HDFC and Bajaj Finance saw gains in their market capitalisation (m-cap) in the holiday-shortened week, Infosys, …
The Department of Personnel and Training (DoPT) has modified instructions for booking air tickets on the Government account in respect of Leave Travel Concession (LTC). In an Office Memorandum dated October 20, DoPT said it has been receiving a number of representations seeking clarifications on issues relating to the settlement of claims, particularly of those …