Poonawalla Fincorp, formerly Magma Fincorp, decided last week to sell its mortgage finance arm to PE firm TPG for Rs 3,900 crore ($473 million). The company, which was taken over by vaccine king Adar Poonawalla a couple of years ago, has been a trail

Members of the Burman family, which promotes the FMCG group Dabur India, have sold a 1% stake in the conglomerate via a block deal. These shares were sold via two family controlled entities, Gyan Enterprises and Chowdry Associates. How much sta

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 2.36 lakh today. Sandur Manganese & Iron Ores Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholder

Domestic conditions for bank credit growth are likely to remain favourable, which, along with benign asset quality pressures, will translate into a strong earnings profile for the sector. This has prompted credit ratings firm ICRA to revise its outlo

What are dividends? A shareholder's total benefit from stock ownership comes in the form of capital appreciation (a rise in the price of the shares) or dividends. Dividends are periodic payments made by companies to shareholders from their earning

It's been quite a wild ride for Yes Bank lately! Just a few days ago, the bank's share price skyrocketed by a whopping 32% in three sessions between 8th December and 13th December and reached its 52-week-high. But then, just as quickly as

A central government minister has said that the country’s top 50 defaulters owe banks a staggering Rs 92,570 crore. To be sure, these are ‘willful defaulters’ who have the ability to repay the loans, but they are unwilling to do so.

The Indian government wants to make sweeter the deal it is offering for the divestment in IDBI Bank. News reports say that the government is likely to waive some tax norms for the buyer of IDBI Bank in a bid to attract more suitors for a maj

Maruti Suzuki, which was once one of the most profitable government-owned companies, has reportedly now blamed its former owner, the sovereign, for levying heavy taxes that it says have put vehicles out of the reach of the country’s masses.

Indian Railways Catering and Tourism Corp (IRCTC) is a unique company, at least as far as the travel and tourism sector is concerned. It is perhaps the only publicly listed travel company that gets almost all of its revenue from one entity--the India

Today, the stock opened at Rs 130.95 and touched a high and low of Rs 131.75 and Rs 126.50. Supreme Holdings & Hospitality Ltd is engaged in the construction and development of residential and commercial real estate projects. The company was i

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 3.28 lakh today. Mold-Tek Packaging Ltd (MTPL), an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last