Indian equity indices were trading in the positive territory amid positive sentiment in global markets. In the intraday trade, the Nifty slipped below 18100 and Sensex below 60850. The NSE Nifty 50 was trading at 56.55 pts or 0.31% higher at 18,084.20 and BSE Sensex was up 200.96 pts or 0.33% at 60,822.73. The majority of the broader market indices were trading in green with the Nifty 100 rising 0...

Shares of IDFC First Bank rallied more than 8% to Rs40 apiece on the BSE in Monday's opening deals after the bank reported its highest ever net profit of Rs474 crore for the quarter ended June 2022, mainly driven by lower provisioning and higher income, up 38% from the previous quarter of March 2022. The private sector lender had posted a net loss of Rs630 crore in the year-ago quarter.IDFC First ...

Domestic stock markets have been inching higher in recent days as bulls assert control on Dalal Street. However, indices still face multiple headwinds and analysts are not ruling out profit booking at higher levels. Meanwhile, stock-specific action continues on Dalal Street. Amid this, ICICI Direct’s stock filtration model is flashing a ‘buy’ sign for Larsen & Toubro Infotech along with IDFC...

IDFC First Bank is replacing higher-cost borrowings with lower-cost ones and working on branch-level profitability to reduce its cost to income ratio, MD & CEO V Vaidyanathan tells Shritama Bose in an email interview. In FY23, the bank will focus on boosting profitability, he says. Edited excerpts.You’ve guided for a 20-25% growth path. What do you expect will drive this?It is simple. Home loan...

IDFC Limited on Sunday informed that the company's board at its meet this week on Wednesday, April 6, 2022 to consider and declare interim dividend on paid up equity share capital of the company.“we wish to inform you that on April 06, 2022 the Board of the Directors of the IDFC Limited (‘IDFC’ or ‘the Company’) will consider and declare Interim Dividend on paid up equity share capital o...