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P-notes investment jumps to Rs 76,773 crore at October-end

The share of foreign portfolio investments (FPI) in domestic capital markets through participatory notes (P-notes) has jumped to Rs 76,773 crore at the end of October from Rs 76,611 crore at September-end. Before registering gain in October, investments through P-notes had been declining continuously since June. At the end of …

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A Comprehensive Guide to Buy a New Car This New Year

We live in a country where buying premium things such as clothes, a car, or a house at an auspicious occasion is considered harbinger of good luck. What is more promising than the start of a new year? With new year just around the corner, you can bring changes in …

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IDBI Bank enters into SPA with Muthoot Finance

IDBI Bank has amongst other parties entered Share Purchase Agreement (SPA) with Muthoot Finance (Buyer). IDBI Bank has agreed to sell its entire 66.67% equity shares in its subsidiary IDBI Asset Management and entire 100% equity shares in its subsidiary IDBI MF Trustee Company, to Muthoot Finance. Under the SPA …

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ICRA forecasts India’s GDP growth at 4.7% for Q2FY20

Amid quiet domestic demand and weak investment activity, ratings agency ICRA has said it expects further deterioration in the growth of India’s Gross Domestic Product (GDP) to 4.7% in second quarter of current fiscal year (Q2FY20) from 5.0% in Q1FY20. It also forecast the country’s gross value added (GVA) at …

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PSBs disburse loans worth Rs 2.53 lakh crore in October

Public sector banks (PSBs) have disbursed loans worth Rs 2.53 lakh crore during the festive month of October, as part of a government-mandated outreach programme. In order to boost credit availability in the economy, Finance Minister Nirmala Sitharaman had in September asked banks to reach out to customers and signal …

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Be on Top of The Tax-Saving Game With these 5 Investments

Tax-saving investments are an essential part of both salaried and non-salaried taxpayers as they offer tax deductions under various sections of the income tax act. As a smart investor, you should opt for investments that not only provide the benefits of tax exemptions but also helps you earn tax-free income. …

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Tech Mahindra partners with Business Finland for R&D in 5G, 6G

Tech Mahindra has signed a Memorandum of Understanding (MoU) with Business Finland, a government agency directed by the Finnish Minister of Employment and the Economy, for research and development (R&D) in 5G and 6G. The company will set up an innovation lab in Finland to foster growth and innovation. As …

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HDFC Bank inks pact to acquire stake in Lentra

HDFC Bank has executed an agreement for subscribing to 41,228 debentures (CCDs) issued by Lentra AI (Lentra) which are compulsorily convertible into 41,228 equity shares of Lentra at Rs 1,697.87 per equity share (Transaction). The transaction is for acquiring 1.823% equity stake in Lentra (on a fully diluted basis) as …

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Laurus Labs gains on the BSE

Laurus Labs is currently trading at Rs. 335.00, up by 2.85 points or 0.86% from its previous closing of Rs. 332.15 on the BSE. The scrip opened at Rs. 329.95 and has touched a high and low of Rs. 341.70 and Rs. 328.00 respectively. So far 389 shares were traded …

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