Mahindra and Mahindra bought 3.53% stake in RBL Bank for Rs 417 cr. The auto company also looked at the possibility of additional investments up to a 9.9% stake. The RBL management however said that it was not aware of any new stock purchase by Mahindra. The new move has been negative for Mahindra’s stock, which saw heavy …
Mahindra looking to own 10% of RBL Bank. Question is WHY NOW? Read More »
Payment aggregator company Visa has signed a deal with Adani Group to launch co-branded cards. Company will be looking to expand its footprint via Adani Group’s consumer data points of over 400 million consumers. “We signed a co-brand agreement with Indian conglomerate Adani, serving 400 million customers through retail, airports, and online travel services, among …
ITC, the biggest tobacco-to-biscuit conglomerate in India, has announced the demerger of its hotel business. The new entity, which will now be 60% owned by its shareholders, will be 40% owned by ITC, giving way to newer entity more freedom and less-bureaucracy over the top management. ITC’s hotel business has taken around 20% of the …
ITC: Could demerger of hotel business may finally unlock value? Read More »
Karur Vysya Bank is the most improved bank in terms of asset quality in the last 3 years. Bank’s asset quality has witnessed significant improvement with GNPA and NNPA reduced to the levels of 1.99% and 0.59%. It is pretty much comparable with some of the largest banks in the country like HDFC and Kotak. …
Three Small Banks With Large Potential. Find out who they are? Read More »
Infosys, India’s second largest IT services company, reported Q1 results on Thursday. Revenue rose 1.31% QoQ to Rs 37,933 cr. Profit after tax came at 3.1% at Rs 5,945 cr . The management also gave a grim outlook for the next few quarters. Coforge Ltd reported rise in revenue of 2.4% to Rs 2,221 cr …
With more IPOs launching after a drought of nearly 6 months, Indian markets have seen good growth of retail trading business in FY24. And with NSDL focusing on listing on bourses, both CDSL and NSDL, the only 2 Indian depositaries are expected to see growth of 10-12% CAGR in user base between FY24-29. But the …
CDSL: Biggest beneficiary of frictional costs in listed space Read More »
A report from Bloomberg hints that the government is contemplating an export ban on non-Basmati rice to control the rampant inflation. The idea of a ban on rice export is hard to imagine, given India’s share of over 40% of global rice market. But the idea isn’t new. India has banned broken rice in 2022 …
Rice Export Ban: View on KRBL, Adani Wilmar, LT Foods and more Read More »
