ICICI Bank Gets RBI Nod to Acquire Stake in Eight Banks
ICICI Bank receives RBI approval for its group entities to hold up to 9.95% in eight banks, including HDFC Bank and Bandhan Bank, with a one-year deadline for acquisition.
Category : Banking
Fractal Analytics IPO Subscribed 2.66 Times, AI Caution Noted
Fractal Analytics' Rs 2,834 crore IPO saw 2.66 times subscription, driven by institutional buyers, but retail interest was muted amid AI market uncertainty.
Govt's 5% BHEL Stake Sale Oversubscribed, Raises ₹2,400 Cr
The Indian government's offer for sale of a 5% stake in Bharat Heavy Electricals Limited (BHEL) was oversubscribed, raising over ₹2,400 crore. The sale saw strong demand from institutional investors.
Direct Tax Collection Hits Rs 19.44 Lakh Crore, Up 9.4%
India's direct tax revenue grew by 9.4% to Rs 19.44 lakh crore in the fiscal year 2023-24, driven by robust corporate and personal income tax collections, reflecting strong economic activity.
Vadodara Aims for India's First Blue Municipal Bonds
Vadodara Municipal Corporation plans to issue pioneering blue municipal bonds to fund sustainable water projects, building on its success with green bonds and raising Rs 200 crore for AMRUT initiatives.
Financial Literacy Drive Reaches Agra, Empowers Women
The nationwide 'Change the Soch' campaign promoting financial empowerment, especially for women, arrived in Agra. The 30-day drive covers 21 cities with interactive sessions on mutual funds.
Fed Plans to Drop Some Confidential Bank Warnings in Supervision Overhaul
The Federal Reserve is reviewing and may eliminate confidential warnings to banks that don't align with a new focus on immediate financial risks, as Vice Chair Michelle Bowman leads a relaxation of oversight.
ED Attaches Rs 1 Crore Assets in Bank of India Fraud
The Enforcement Directorate has attached properties worth over Rs 1 crore, including bank balances and land, in connection with a Rs 16.1 crore embezzlement from Bank of India's Bandra branch by staffer Hitesh Kumar Singla.
Budget 2026: Record Borrowing Pushes Bond Yields to 11-Month High
India's Union Budget 2026 proposes record gross market borrowing of ₹17.2 lakh crore, pushing 10-year G-Sec yields to an 11-month high. Analysts examine impact on PSU banks' treasury portfolios and profitability.
SBI Overtakes TCS in Market Cap Rankings
State Bank of India has overtaken Tata Consultancy Services to become India's fourth-largest listed company by market capitalisation, driven by strong quarterly results and a rally in banking stocks.
RBI Draft Rules: Refunds, Ad Frameworks, Dark Pattern Ban
RBI proposes strict guidelines to curb mis-selling, requiring customer consent, full refunds for violations, and banning deceptive dark patterns in financial product sales.
Binance Founder Sold Apartment for Bitcoin When Jobless
Changpeng Zhao revealed he sold his Shanghai apartment for $900,000 to buy Bitcoin at $600 each while unemployed. He later founded Binance, now worth billions.
Direct Tax Collection Up 94% to Rs 19.44 Lakh Crore
India's direct tax revenue has grown by 94% to Rs 19.44 lakh crore as of February 10 this fiscal year, driven by strong corporate and personal income tax collections.
Kerala Co-op Banking Scandal: Rs 1,582 Crore Irregularities
Government data reveals financial irregularities exceeding Rs 1,582 crore in Kerala's co-operative banking sector from 2015 to 2025, exposing governance failures and prompting reforms.
Health Insurance Rewards Wellness: 1 Lakh Earn Premiums Back
In FY25, more than one lakh policyholders earned up to 100% of their premiums back through wellness programs, showcasing a shift from reactive coverage to proactive health partnerships. Aditya Birla Health Insurance's initiatives, like HealthReturns™ and
Bullion ETFs Lead Broker Margin Funding as Investors Seek Diversification
Gold and silver ETFs have become top picks in broker margin trade funding, with GoldBees and SilverBees ranking among the top five. Investors are leveraging broker financing to boost exposure to precious metals amid rangebound equities and geopolitical ri
Silver Jumps Rs 4,000/kg, Gold Rises to Rs 1.61 Lakh/10g
Silver prices surged by Rs 4,000 to Rs 2.68 lakh per kg, while gold climbed to Rs 1.61 lakh per 10g. Globally, silver gained nearly 6% to $85.51/oz and gold rose 1.06% to $5,078.72/oz.
RBI Draft Rules Target Mis-Selling of Financial Products by Banks
The Reserve Bank of India has released comprehensive draft instructions to prevent mis-selling by commercial banks, introducing safeguards for customers and targeting deceptive practices.
IIFL Finance's ₹2,000 Crore Bond Issue: Largest Public Offering
IIFL Finance announces its biggest-ever public bond issue of ₹2,000 crore, with maturities of 2-5 years and AA ratings. The NBFC aims to diversify funding sources amid growing demand for public bonds in India.
Five CDMO Stocks to Watch in India's Pharma Boom
Explore five leading CDMO stocks in India, including Syngene International and Divi's Labs, as the sector benefits from cost-efficiency and global supply chain shifts. Learn about their financials and growth prospects.
SBI Overtakes TCS in Market Value Rankings
State Bank of India (SBI) has overtaken Tata Consultancy Services (TCS) to become India's fourth most valuable listed firm, with its stock hitting a 52-week high during intraday trade.
Aye Finance IPO Subscribed 1.04x, QIBs Lead Bidding
The Aye Finance IPO, valued at ₹1,010 crore, achieved a 1.04 times overall subscription on its final day. The Qualified Institutional Buyers portion was oversubscribed 1.62 times, while retail interest remained muted at 0.81 times.
Fractal Analytics IPO Fully Subscribed on Final Day
Fractal Analytics' ₹2,834-crore IPO sailed through on the final day, achieving 2.66 times subscription. Qualified institutional buyers led the demand with 4.18 times bids, while retail and non-institutional segments scraped through.
BSE Launches Two New G-Sec Indices for Debt Market
BSE Index Services introduces BSE 4-8 Year and 8-13 Year G-Sec indices to enhance debt market benchmarks, support passive investments like ETFs, and aid portfolio management.
Gold Sees Correction, But Bullish Fundamentals Stay Strong
Gold rates have corrected sharply due to profit booking, with MCX gold down 18% from peaks. Experts say long-term drivers like central bank buying and geopolitical risks support prices, though a 10% technical correction is possible near-term.
BSE Launches Two New G-Sec Indices for Investors
BSE Index Services has launched two new government bond indices, the BSE G-Sec Index and BSE G-Sec 10-Year Index, to enhance transparency and provide benchmarks for India's sovereign debt market.
SBI Beats TCS as India's Fourth-Largest Listed Firm by Market Cap
State Bank of India overtakes Tata Consultancy Services in market capitalisation after strong Q3 results, now ranking behind only RIL, HDFC Bank, and Bharti Airtel.
FMCG Stock Up 2.5% Post Rs 86 Cr Warrant Conversion
An FMCG stock closed positively in a volatile trading session following the conversion of warrants worth Rs 86 crore, highlighting investor confidence amid market fluctuations.
Bajaj Allianz Launches NRI Policy with 35% Premium Discount
Bajaj Allianz General Insurance introduces 'NRI-Sure,' a tailored insurance product offering a 35% premium discount for Non-Resident Indians, enhancing coverage and accessibility for the diaspora.
Gold, Silver Futures Rebound on Safe-Haven Buying
Gold and silver futures surged in India, with gold rising 0.89% to Rs 1,58,200/10g and silver jumping 3.83% to Rs 2,62,213/kg, driven by a weak US dollar and geopolitical tensions.
Page 12 of 102