Utkarsh Small Finance Bank will raise Rs 949 crore via a rights issue, attracting top investors like Madhusudan Kela’s fund, MIT, HDFC Life, and Kotak Life. Promoter Utkarsh CoreInvest renounced its entitlement, sparking a 20% rally in the bank’s stock.Read More

Sebi has permitted portfolio managers to transfer their PMS business—partially or fully—after regulatory approval. The move aims to simplify compliance, improve business flexibility, and ensure investor protection under new transfer norms effective immediately.Read More

IndusInd Bank’s former deputy chief has deposited 50% of the alleged insider trading gains with India’s markets regulator, BSE said on Friday.Read More

Hindustan Coca-Cola Beverages Ltd, the bottling arm of beverage major Coca-Cola in India, reported a 73 per cent decline in net profit to Rs 756.64 crore in FY2024-25.Read More

SBI Cards and Payment Services on Friday reported 10.15 per cent increase in net profit at Rs 445 crore for the second quarter of the current fiscal.Read More

A crucial week for the US stock rally unfolds with major tech earnings, a likely Federal Reserve rate cut, and escalating US-China trade tensions. Investors are keenly watching corporate results, particularly from tech giants, and the Fed’s forward guidance. A prolonged government shutdown adds to market uncertainty, potentially impacting economic growth and investor sentiment.Read More

After reaching unprecedented heights, silver prices have nosedived 17%, a shift driven by increased availability in London and investors cashing in. Gold, too, shows signs of a subtle retreat. However, experts remain positive about the future of both metals, pointing to ongoing industrial demand and their enduring appeal as safe-haven options for wary investors.Read More

October brought a refreshing wave of optimism as foreign investors rekindled their interest in India’s financial services, funneling impressive amounts of money back into the market after a dry spell of outflows. This shift is primarily spurred by stronger-than-anticipated results from banks and an encouraging outlook for public sector banking.Read More

In a significant move, global investment giant Blackstone has allocated more than six thousand crore rupees to Federal Bank, officially becoming the largest shareholder in the Kerala-based institution. This landmark deal highlights the increasing appetite of foreign investors for India’s burgeoning financial landscape.Read More

Wall Street opened on solid ground on Friday, as investors welcomed a cooler-than-expected inflation reading, while Intel’s upbeat results offered a boost.Read More