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SBI's OFS size in SBI MF IPO reduces by 2.88 crore equity shares following secondary share sale

New Delhi, July 11 -- The size of the offer for sale (OFS) by State Bank of India in SBI Mutual Fund's initial public offer (IPO) has been reduced by about 2.88 crore shares following the Bank making ... Read More


Emcure subsidiary Gennova to transfer mRNA business to Immunoscript Life Science for Rs.139 crore

New Delhi, July 11 -- Emcure subsidiary Gennova Biopharmaceuticals has formalised an agreement to transfer its mRNA business as a going concern on a slump sale basis to Immunoscript Life Science Priva... Read More


Alpine Texworld to raise Rs.126 cr through IPO for capacity expansion

New Delhi, July 11 -- Alpine Texworld, a yarn and grey fabric manufacturing company, plans to raise Rs.126 crore through initial public offering (IPO) on the mainboard. The company will issue 1.20 cr... Read More


HDFC Bank firmly rooted in corporate governance, merger related synergies progressing well: Interim Chairman Mistry

New Delhi, July 11 -- HDFC Bank remains firmly rooted in strong corporate governance principles and values, even as many of the merger related synergies are progressing well, said Interim Part-time Ch... Read More


Kotak Bank has navigated challenges over the last two and a half years to emerge stronger : Chief Vaswani

New Delhi, July 10 -- Kotak Mahindra Bank has navigated technology embargo, addressed the elevated credit stress in the unsecured retail portfolio and managed a number of senior leadership transitions... Read More


Q1 growth may surprise on the upside as credit, CP issuances surge: SBI Economist

New Delhi, July 10 -- India's economic growth appears to have entered FY27 on a stronger footing than many anticipated, with multiple financial indicators pointing to robust activity in the April-June... Read More


Bank of Maharashtra reports 27% profit increase in Q1FY27

New Delhi, July 10 -- Bank of Maharashtra (BoM) reported a 27 per cent year-on-year (y-o-y) increase in first quarter (Q1FY27) standalone net profit at Rs.2,020 crore on the back of a healthy growth i... Read More


Optimal strategy to get best trade deal with the US is to wear down the opening position, not the relationship: SBI

New Delhi, July 10 -- India's optimal strategy to get the best trade deal with the US is to wear down the opening position, not the relationship, say State Bank of India (SBI) economists. In a report... Read More


Mumbai Metro line 1 operator's debt to reduce by more than Rs.1.1K cr following debt rejig agreement with NARCL

New Delhi, July 10 -- Mumbai Metro One Private Ltd's (MMOPL) debt will reduce by more than Rs.1,100 crore and the insolvency proceedings initiated against it will be withdrawn as per a Debt Restructur... Read More


YES Bank: Positive rating upgrades reflect sustained strengthening of credit profile

New Delhi, July 10 -- YES Bank on Friday said the series of positive rating actions from domestic and international credit rating agencies reflect the sustained strengthening of its credit profile. S... Read More