In April 2020, last year the Reserve Bank of India gave in-principle consent to IIHL (India Infradebt Limited) allowing it to acquire a larger percentage of the bank’s share so that it can be able to take up 26% as its highest stake. In this year, IndusInd Bank has...
JPMorgan and Nuvama raised their target prices for Avenue Supermarts, the stock of which they have upgraded because it has opened more stores and stocked a wider range of goods. D-Mart owner Avenue Supermarts’ Q4FY24 performance was strong across key metrics of...
On May 4, Paytm told stock exchanges that Gupta had quit the company for personal reasons. Bhavesh Gupta will keep the position of Paytm COO and President until this month ends, after which he’ll become a company adviser. On May 6, when COO and President of Paytm...
The management announced in a post-earnings conference call that the company is targeting double-digit volume growth this year. For the fiscal year 2025, the company expects an inflation rate of approximately 3%. Britannia Industries, a prominent FMCG (Fast Moving...
The Reserve Bank of India (RBI)’s instructions are anticipated to have a larger impact on public sector banks because the latter possess higher investments in infrastructure loans. Over the last six months, there has been a massive 45% increase in the Nifty PSU Bank...
