Sumitomo Mitsui is set to divest its 1.65% stake in Kotak Mahindra Bank through a block deal valued at Rs 6,166 crore, offered at a 4% discount. Despite this sale, brokerages maintain a positive outlook on Kotak, citing strong fundamentals and growth potential. Axis Securities reiterates a BUY call, anticipating credit growth and margin recovery.Read More
Wall Street indexes experienced a slight uptick at the opening bell on Tuesday, building on the momentum from the previous day’s near-record closing levels. Investors are proceeding with caution as they await the upcoming revision of the employment rate. The Dow, S&P 500, and Nasdaq Composite all registered gains in early trading.Read More
Eight Nifty 200 companies posted over 70% year-on-year EBITDA growth in the June 2025 quarter, highlighting improved profitability and operational strength. Notable performers include Bajaj Holdings, HPCL, BSE, JSW Energy, Dixon, Coforge, Waaree Energies, and BPCL.Read More
Prakash Industries has set September 17 as the record date for its Rs 1.50 per share dividend. Despite recent underperformance, the Dolly Khanna and Mukul Agrawal-backed multibagger has delivered 255% returns over five years.Read More
The National Stock Exchange (NSE) has appointed retired IAS officer Srinivas Injeti as its new Chairperson. Backed by SEBI approval, Injeti brings four decades of regulatory, governance, and financial services experience, including leading reforms in insolvency, competition, and corporate laws.Read More
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