IDFC

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

The nomination of Parekh, who is the managing director at software investment firm Insight Partners will be for a period of three years

SBI Card, the second largest largest credit card issuer in the country, got listed at 13 per cent discount at Rs 658 on the BSE, against the issue price of Rs 755.

The company is seeking an exemption since 2015, while the I-T department has notified the fund only from April 1 this year

Reasonable improvement in deposit accretion and sharp increase in profitability are the key achievements in Sept quarter

'With our focus on expanding our distribution network along with new product opportunities in the pipeline, we expect to see sound growth in the coming quarters,' he says

There was a tax adjustment of Rs 31.41 crore in the third quarter