Shares of IDBI Bank soared nearly 6 percent to Rs 93 per share on July 18 after the Reserve Bank of India (RBI) issued a 'fit and proper' report on bidders, advancing the divestment process.The bank has been slated for privatization for several years, with market watchers eagerly awaiting the central bank's assessment of the bidders. The RBI's evaluation ensures that the bidders meet the 'fit and ...

Indian benchmark indices are expected to open on a muted note, hinted SGX Nifty. Amid weak global cues, Nifty futures were trading 31 pts or 0.17% lower at 18559 level on the Singapore Exchange. In the previous session, BSE Sensex fell 389 points to 62,181, while the NSE Nifty 50 declined 113 points to 18,497. This week is going to be critical as there are important events and data lined up. “On...

Indian equity markets are likely to open marginally higher on the week’s last trading day, hinted SGX Nifty. Ahead of the session, Nifty futures were trading 40 pts or 0.23% higher on the Singapore Exchange, signalling a flat to positive start for NSE Nifty 50 and BSE Sensex. “The consolidation in Nifty is on the expected lines and we recommend focusing more on the sector/stock selection for n...

The government has urged the Securities and Exchange Board of India (Sebi) to relax the mandatory public shareholding norm for the potential acquirer of IDBI Bank by treating the combined residual stake of the government and LIC after the strategic sale as part of public float. The government is of the view that the dispensation will give the buyer sufficient time to expand business and boost th...

Indian benchmark indices NSE Nifty 50 and BSE Sensex are likely to open in green amid mixed global cues. SGX Nifty hinted at a flat to positive start for Indian equities as Nifty futures were trading 54 pts or 0.3% up on the Singapore Exchange. “As we’re not seeing any respite on the global front, any disappointment on earnings or the macroeconomic front may put further pressure. On the index ...