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Indiabulls Ventures to raise Rs.588 crore from Ribbit Capital, others

New Delhi, Aug. 28 -- Indiabulls Ventures Ltd on Friday said that it will raise Rs588 crore (or $80 million) through a preferential share sale to a clutch of investors led by American fintech investor... Read More


Yes Bank rises 5% after rating upgrade

MUMBAI, Aug. 28 -- Shares of Yes Bank rose 4.7% after CRISIL upgraded its rating on the lender's certificates of deposit (CDs) to A2+. At 0105 pm, shares of Yes Bank traded at Rs.14.97 apiece, up 1.8... Read More


Hindustan Aeronautics down 13% on government's plans to divest 15% stake

MUMBAI, Aug. 27 -- Shares of Hindustan Aeronautics (HAL) tanked 13% on Thursday following reports that the central government plans to divest its 15% stake in the company through a public offering of ... Read More


Societe Generale sells ICICI Bank shares worth Rs 341 crore

MUMBAI, Aug. 25 -- Societe Generale has sold shares of ICICI Bank worth nearly Rs.341 crore through an open market transaction. As per the block deal data available on the BSE, 90 lakh shares or 0.17... Read More


Allcargo Logistics hits 20% upper circuit as promoters propose to delist company

Mumbai, Aug. 25 -- Shares of Allcargo Logistics were locked in the 20% upper circuit at Rs.130.8 on the BSE on Tuesday after its promoters Shashi Kiran Shetty and Talentos Entertainment Pvt Ltd propos... Read More


LIC Housing Finance rallies 11% after strong Q1 performance

MUMBAI, Aug. 25 -- Shares of LIC Housing Finance (LICHF) surged 11.5% on Tuesday after it reported a 35.3% year-on-year rise in its June quarter consolidated net profit to Rs.824 crore. At 0300pm, sh... Read More


Union Bank of India's net profit falls 12.6% as provisions rise

Mumbai, Aug. 22 -- Union Bank of India on Friday said its first-quarter net profit dropped 12.6% on the back of lower other income and higher provisioning. In its investor presentation, the bank prov... Read More


Private Equity firm KKR cuts down stake in CG Power

New Delhi, Aug. 21 -- Private Equity giant KKR on Friday further divested 18.07 million or 2.88% stake in troubled firm CG Power & Industrial Solutions Ltd for Rs.30.54 crore through an open market tr... Read More


Westbridge Capital sells 2.07% of equity of CEAT worth Rs.73 crore

New Delhi, Aug. 21 -- Private Equity firm Westbridge Capital through its investment arm, Jwalamukhi Investment Holdings, offloaded 8.38 lakh shares or 2.07% equity stake in CEAT Ltd for Rs.73 crore, v... Read More


Union Bank Q1 net profit falls 13% to Rs.333 crore

Mumbai, Aug. 21 -- Union Bank on Friday said its first-quarter net profit dropped 12.67% on the back of lower other income and higher provisioning. In its investor presentation, the bank also provide... Read More