Banking and finance stocks have earned stellar returns over the past few years, thereby attracting retail investors. The sector index BSE Bankex has gained over three times since April 1, 2020, the year of pandemic, closely tracking similar gains in the benchmark Sensex. Given the importance of the lending sector not only in the stock … Read more
Societe Generale sold shares worth Rs 47 crore in SpiceJet via block deals on Wednesday. In a couple of block deals which saw both buying and selling action, the French bank and financial services company sold over 83.56 lakh shares for Rs 52.5 crore and also bought 9.4 lakh shares for Rs 5.87 crore. On … Read more
The combined market valuation of 6 of the top-10 most valued firms jumped Rs 1,97,734.77 crore last week, with ICICI Bank and HDFC Bank emerging as the biggest winners, in-line with optimistic trends in equities. Last week, the BSE benchmark jumped 1,653.37 points or 1.99 per cent. The BSE benchmark soared 1,359.51 points or 1.63 … Read more
Image: GMC Financial literacy is fundamental, folks. The first rule of being financially secure is to not roll two vehicles worth of negative equity into a ten-percent APR finance deal on a Hummer EV for 50 grand over MSRP. Don’t do that and you’re well on your way to being better with money than the … Read more
Savers have turned investors in 2024 as their exposure to bank deposits has fallen to 42% from 53% in 2020, Kotak Mahindra Bank Founder & Director Uday Kotak tweeted. Calling it a rebalancing of household financial assets, Kotak advised investors to change their mindset as the future called for a holistic approach to financial services. … Read more
Goldman Sachs bought over 13 lakh shares in Arvind Fashions via block deal on Wednesday at a cost of Rs 75.35 crore. The American multinational investment bank and financial services company bought Arvind Fashion’s shares at a price of Rs 574.73 per share via Goldman Sachs Funds – Goldman Sachs India Equity Portfolio. This is … Read more
Ethanol plants manufacturer Regreen-Excel EPC India Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The company’s initial share-sale comprises a fresh issue of equity shares worth Rs 350 crore and an offer-for-sale (OFS) of 1.14 crore equity shares by promoters, according to the draft … Read more
Federal Reserve Bank of New York President John Williams said Friday that a better balanced economy has opened the door to cutting rates, with the full course of action to be determined by how the economy performs. “With the economy now in equipoise and inflation on a path to 2 percent, it is now appropriate … Read more
Bank of Baroda is likely to raise up to Rs 5,000 crore through the issuance of infrastructure bonds in coming days, as the state-owned lender looks to garner long-term funds amidst firm demand for credit. The bank may conduct the debt sale on September 6, with the issuance likely to have a base size of … Read more
The combined market valuation of nine of the top 10 most valued firms jumped by Rs 95,522.81 crore last week, with Reliance Industries, TCS and HUL emerging as the biggest gainers. Rising for the fourth straight session, the 30-share BSE Sensex ended 33.02 points or 0.04 per cent higher at 81,086.21 on Friday. Last week, … Read more
