Vedanta Chairman Anil Agarwal highlighted that investments in the company over the past five years have grown 4.7 times, driven by capital appreciation and an 81% dividend yield. The mining giant plans to demerge its businesses, unlocking further value for shareholders.Read More
Indian markets rebounded after a five-day losing streak, with Sensex rising over 200 points and Nifty50 closing flat but positive. Banking, auto, metal, and healthcare stocks gained, while FMCG and realty saw selling pressure. Several stocks hit fresh 52-week highs.Read More
CARE Ratings has downgraded the outlook on ESAF Small Finance Bank’s various tier 2 bonds instruments to “negative” from “stable” on account of high asset quality stress which has adversely impacted the bank’s profitability.Read More
Baskar Babu Ramachandran, the promoter and managing director of Suryoday Bank, has raised his holding in the bank to 5.18% from 5.04% earlier, with the purchase of 1.5 lakh equity shares through open market operations.Read More
The fundraising suggests a likely return of investor confidence in the bank after the Reserve Bank of India on Saturday said the private lender has sufficient capital despite a likely hit on its net worth.Read More
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