idbi

IDFC First Bank: Debt, equity holders approve merger of IDFC with IDFC First Bank

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IDFC First Bank: Debt, equity holders approve merger of IDFC with IDFC First Bank

New Delhi, Shareholders and non-convertible debenture (NCD) holders of IDFC First Bank have approved a proposal to merge parent IDFC Ltd with the lender. The National Company Law Tribunal (NCLT) convened a meeting on May 17 through video conferencing and other audio-visual means to consider and approve the composite scheme of amalgamation for IDFC First … Read more

Paytm: Paytm stock plunges 20% after downgrades by brokerages

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Paytm: Paytm stock plunges 20% after downgrades by brokerages

Mumbai: Shares of One97 Communications, the parent of digital payments firm Paytm, plunged 20% Thursday – the lowest tradable limit of the day – even as analysts downgraded the stock after the Reserve Bank of India directed subsidiary Paytm Payments Bank to stop offering its key services after February 29. The stock closed at ₹608.80 … Read more