IDFC First Bank raised Rs 3,200 crore by selling shares to six insurance companies, including LIC and HDFC Life. The bank allotted more than 39.68 crore shares for Rs 80.63 per scrip.

Interest rate-sensitive auto, realty, and bank stocks surged on Friday after the Reserve Bank of India (RBI) left key interest rates unchanged, focusing on inflation amid robust economic growth.

IDFC First Bank's board approves Rs 3,200 crore fundraise through preferential share issue to fuel business growth. The move will see LIC, HDFC Life, and Aditya Birla Sun Life increase their stakes.

IDFC First Bank shareholders and NCD holders have approved the merger of parent IDFC Ltd with the lender. The amalgamation will create a full-service universal bank with no promoter entity.

Reserve Bank of India (RBI) approves Pradeep Natarajan as Whole Time Director on the Board of IDFC FIRST Bank, the private sector lender.

Indian Overseas Bank reported a 26.60% rise in net profit for Q1 FY25, reaching Rs 633 crore. Total income grew by 21.54%, driven by increased interest and non-interest income. The bank also saw...

CapitaLand India Trust (CLINT) has completed the acquisition of a 0.82 million sq ft office building in Navi Mumbai for Rs 676 crore. The building is fully leased to reputed Indian and...

Economic Survey 2023-24 highlights the rise of retail investor participation in derivatives trading, linking it to 'gambling instincts' and warning of potential risks. The survey emphasizes the...

India's Economic Survey highlights the private sector's role in unhealthy habits impacting public health and productivity, urging businesses to prioritize employee well-being and sustainable...

RBI Deputy Governor flags risks of relying on single vendors for services, citing Microsoft outage. He also warns about lack of customer redressal mechanisms among lending service providers.

Indian Overseas Bank reported a 26.60% rise in net profit for Q1 FY25, reaching Rs 633 crore. Total income grew by 21.54%, driven by increased interest and non-interest income. The bank also saw...

India's Economic Survey 2023-24 suggests governments should relinquish some powers to improve governance, promote economic growth, and enhance public well-being.

CapitaLand India Trust (CLINT) has completed the acquisition of a 0.82 million sq ft office building in Navi Mumbai for Rs 676 crore. The building is fully leased to reputed Indian and...

Economic Survey 2023-24 highlights the rise of retail investor participation in derivatives trading, linking it to 'gambling instincts' and warning of potential risks. The survey emphasizes the...

Arunachal Pradesh government is considering terminating agreements with power developers who haven't fulfilled their commitments, with 53 MoAs already terminated. The state has a massive hydropower...