Tamilnad Mercantile Bank has filed its draft red herring prospectus with the capital markets regulator Securities and Exchange Board of India to launch an initial public offering (IPO). The lender, which is based in the port city of Thoothukudi (T

Mukesh Ambani, India’s richest man and chairman of Reliance Industries Ltd (RIL), has entered the coveted club of people with a net worth of more than $100 billion after the energy-to-telecom conglomerate’s shares hit a new high. RIL shares to

Nifty price-to-earnings (PE) ratio was at 26.54 multiples even as the Nifty 50 share index hit a new high of 17,378 on Monday, September 6, 2021. The Nifty 50 helped by positive Asian sentiments and boost in Reliance Industries share, the key in

Indian retail investors’ interest in stock markets is “fascinating” as they have been pumping money into both the primary and secondary market despite experts cautioning against super-rich valuations, according to UBS. The Swiss brokerage

On August 15, while addressing the nation from the ramparts of New Delhi’s Red Fort, Prime Minister Narendra Modi reiterated his government’s resolve to invest Rs 100 trillion into India’s infrastructure sector and transform the transportation

HDFC Bank, India’s most valued lender, has shrugged off concerns related to AT1 (additional tier) bonds that arose with the crisis at Yes Bank as it raised $1 billion from overseas investors. India’s biggest private-sector bank raised the amount�

State Bank of India reported a record profit for the first quarter through June 2021, helped by a sharp drop in provisions to cover potential bad loans. The nation’s biggest lender said standalone net profitjumped 55 to Rs 6,504 crorefor the Ap