S&P warns of risks to banking systems of emerging markets in 2021

Mumbai, Jan. 20 -- S&P Global Ratings on Wednesday said that banking systems in emerging markets will face three key risks in 2021 as the covid-19 pandemic and its aftermath dominate the credit story.... Read More

Tata Communications slumps 8% as government plans to exit the company

Mumbai, Jan. 20 -- Shares of Tata Communications on Wednesday tumbled as much as 7.96% after the government announced to sell its entire 26.12% stake in the company, erstwhile Videsh Sanchar Nigam (VS... Read More

IRFC IPO subscribed 1.22 times on day 2

Mumbai, Jan. 19 -- The public offer of Indian Railway Finance Corporation (IRFC) was subscribed 1.22 times on Tuesday, the second day of the share sale. The IPO received bids for 152.6 crore equity s... Read More

Mindtree jumps 6% as Q3 net profit rises 29% sequentially to Rs.326 crore

MUMBAI, Jan. 19 -- Shares of mid-cap IT company Mindtree Ltd surged nearly 6% on Tuesday, following robust December quarter results. The company reported a 28.7% quarter-on-quarter rise in its consoli... Read More

IRFC IPO subscribed 65% on Day-1

Mumbai, Jan. 18 -- Rs.4,500 crore maiden public issue of state-owned Indian Railway Finance Corporation's (IRFC), the subsidiary of Indian Railways was subscribed 65% on the first day of bidding. The... Read More

Top-tier Indian banks lead digital change: S&P

Mumbai, Jan. 18 -- India's digital disruption poses a relatively low risk to the longstanding market position of its top-tier banks, said S&P Global Ratings on Monday, in its report titled "Tech Disru... Read More

HDFC Bank hits record high after Q3 net profit jumps over 18% YoY

MUMBAI, Jan. 18 -- Shares of HDFC Bank rose 2.5% to hit record high of Rs.1,503 on Monday after the private lender reported an 18.1% year-on-year rise in its December quarter net profit to Rs.8,758.29... Read More

L&T Finance Holdings Q3 net falls 51% to Rs.291 crore

Mumbai, Jan. 15 -- L&T Finance Holdings Ltd (LTFH) on Friday reported a 51% fall in its consolidated net profit to Rs.291 crore for the quarter ended December as the operating impact of impairments go... Read More

MSCI to raise weight of Bharti Airtel in Feb quarterly index review

Mumbai, Jan. 14 -- MSCI Global Standard Indexes will increase the weight of telecom operator Bharti Airtel stock in its February 2021quarterly review. National Securities Depository Ltd (NSDL) had on... Read More

IndusInd Bank gains 4% after promoters get Sebi nod for capital infusion

MUMBAI, Jan. 14 -- Shares of IndusInd Bank rose nearly 4% after the company said the Securities and Exchange Board of India (Sebi) granted prompters an additional two weeks of time for infusion of res... Read More