Poonawalla Fincorp Ltd, formerly Magma Finance, plans to sell its housing finance subsidiary (Poonawalla Housing Finance Ltd) to an affiliate of private equity firm TPG. The deal will be down with Perseus SG, an affiliate of TPG Global. The valuation

At the last FOMC meeting of 2022, Jerome Powell hiked rates by 50 bps after the Fed had previously hiked rates by 75 bps each in four consecutive meetings. With the latest 50 bps rate hike, Fed rates have scaled up to the range of 4.25 to 4.50. It

On Thursday, the stock opened at Rs 269.90 and touched a high and low of Rs 278.00 and Rs 260.55, respectively. At noon, shares of Gulshan Polyols were trading at Rs 264, up by 18.10 points or 7.36 from its previous closing of Rs 245.90 on the BS

Although the FIIs were net sellers in the previous quarter, but have aggressively bet on these banking stocks. Read on to find out more. When FIIs grow their ownership in a corporation, it is seen positively by the market since these big instituti

Government of India is considering cutting down its stake in this company by 5 through an Offer for Sale. Management of the company on Wednesday, December 15, 2022, informed the exchange about this offer for sale (OFS) and states further that the

As per the exchange filing, the company reported the execution of a contract agreement with Gujarat Metro Rail Corporation Ltd. The shares of Dilip Buildcon Ltd are buzzing on the bourses today. As of 11.46 am, the shares of the company are tradin

The stock surged 4.5 on Thursday. On December 15, the market is trading in red. At 9:50 am, the S&P BSE Sensex is trading at 62391.47 down 0.46, while NIFTY50 closed at 18578.90, down 0.44. Regarding sectoral performance, Power and Healthca

Kotak Infrastructure Investment Fund to invest in infrastructure projects in India. Kotak Mahindra Bank’s arm - Kotak Investment Advisors (KIAL) has raised Rs 5,328 crore to invest in infrastructure projects in the country. KIAL is targeting to

According to data released on December 12 by the Ministry of Statistics and Programme Implementation, India's headline retail inflation rate fell to an 11-month low of 5.88 in November from 6.77 the month before. The CPI inflation rate has gone

On Wednesday, the stock opened at Rs 1343.95 and touched a high and low of Rs 1368.15 and Rs 1315.50, respectively. Today, shares of Hinduja Global Solutions closed at Rs 1357, up by 40.05 points or 3.04 from its previous closing of Rs 1316.95 on

Sula Vineyards IPO worth Rs. 960.35 crore , consisted entirely of an offer for sale for the full amount. There was no fresh issue portion in the IPO, so no fresh funds came in and it was not EPS dilutive. The IPO saw fairly tepid response on Day-1 an

Mutual fund flows continue to be robust and active equity funds saw net inflows for the month of November 2022. Even the passive flows actually flattered and SIPs infused close to Rs. 13,306 crore in the previous month. The million dollar question wh