Posts in category Economic Times
Jefferies positive on brokerage stocks (10-04-2024)
Jefferies expects Indian wealth management firms' assets under management to double by FY27. "IWMs (Indian wealth managers) are gaining share in the ultra-HNI segment (80% of market) where global players are receding and smaller banks lack bandwidth for personalised solutions," said the brokerage's analysts Jayant Kharote and Prakhar Sharma in a client note.
Strong loan growth, stable asset quality seen powering Jan-March bank numbers (10-04-2024)
Banks will also gain from mark-to-market gains from the easing in treasury yields last quarter and also from a Reserve Bank of India (RBI) relief on provisioning requirements on their alternative investment fund (AIF) investments.
Bain Capital sells 1.08% in Axis Bank for Rs 3,575 crore (10-04-2024)
Some of the buyers included Birla MF, Blackstone, BofA Sec, Mirae MF, Nippon India MF, Nomura, Norges Bank, T Rowe Price, among others.
IndusInd International to buy 60% in Invesco AMC (10-04-2024)
Invesco will retain a 40% stake in the fund house, while both IIHL and Invesco will have sponsor status. The size of the deal has not been disclosed. IIHL is the promoter entity of IndusInd Bank.
4 banks to move home regulators for extension of ESMA deadline (10-04-2024)
They said Deutsche Bank, BNP Paribas, Credit Agricole and Societe Generale are likely to make requests to German and French financial authorities to grant an extension of an October 2024 deadline by at least six months to transact with the Clearing Corporation of India (CCIL).
Peak 75K some feel weary, but most remain bullish (09-04-2024)
Sensex fell 0.1%, or 58.8 points, to close at 74,683.7, after hitting a lifetime high of 75,124.28 earlier in the day. Nifty declined 0.10%, or 23.55 points, to close at 22,642 after rising to an all-time high of 22,768.40.
Two entities sell 4.9 pc stake in Gland Pharma for Rs 1,411 cr (09-04-2024)
Two entities -- Lakumi Trust and Nicomac Machinery -- on Tuesday divested a 4.9 per cent stake in Gland Pharma for Rs 1,411 crore through open market transactions. Lakumi Trust and Nicomac Machinery Pvt Ltd disposed of 81.20 lakh shares of Gland Pharma in separate bulk deals on the National Stock Exchange (NSE).
Ahead of Market: 10 things that will decide stock action on Wednesday (09-04-2024)
Indian shares saw profit booking at higher levels ahead of key US inflation data scheduled on Wednesday. Analysts said concerns have emerged amidst recent better-than-anticipated US employment and manufacturing data, suggesting a potential shift in expectations regarding rate cuts this year.