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8 out of 10 most India's valuable companies add ₹4.13 lakh crore mcap amid US-Iran ceasefire; HDFC, ICICI Bank top list
From the top-10 pack, HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Reliance Industries and Infosys faced erosion from their valuation.
Mcap of 8 top valued firms jumps ₹4.13 trn; HDFC, ICICI Bank top gainers
The combined market valuation of eight of the top-10 most valued firms surged by Rs 4,13,003.23 crore last week, with HDFC Bank and ICICI Bank emerging as the biggest gainers, in tandem with an optimistic trend in equities. Last week, the BSE benchmark Sensex jumped 4,230.7 points or 5.77 per cent, and the NSE Nifty surged 1,337.5 points or 5.88 per cent. "Sentiment remained buoyant amid optimism surrounding a temporary USIran ceasefire, although lingering geopolitical uncertainties capped the pace of gains as the week progressed," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. A sharp decline in crude oil prices below the USD 100 mark eased domestic concerns and triggered a strong rebound across markets, he added. From the top-10 pack, HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Reliance Industries and Infosys faced erosion from their ...
Trading ban upends SBI’s $5 billion bets against rupee
State Bank of India faces about 32 million dollars loss from unwinding 5 billion dollars rupee bets after RBI crackdown, impact seen manageable for the 800 billion dollars asset bank
UCO Bank records 19% rise in loan growth in Q4
UCO Bank announced strong financial results for the January-March quarter of FY26. The state-owned lender saw its credit grow by 19 percent to Rs 2.62 lakh crore. Total deposits also rose by 11 percent, reaching Rs 3.27 lakh crore. Low-cost CASA deposits saw an improvement. The bank's total business expanded by 15 percent.
VA Tech Wabag wins a 'large' international order from Georgia; Stock gains over 3%
The order pertains to the construction of a 19 million litres per day (MLD) Wastewater Treatment Plant (WWTP) in Geogia. The project, funded by the European Investment Bank, involves the development of a state-of-the-art wastewater and sludge treatment facility at Kutaisi, the third-largest city of Georgia.
SBI raises ₹6,051 crore via Basel III Tier 2 bonds at 7.05% coupon
Shares of State Bank of India ended at ₹1,063.20, down by ₹3.50, or 0.33%, on the BSE.
India to scrap bids for majority stake in IDBI Bank: Report
India is set to shelve the bids it received for a majority stake in its state-owned IDBI Bank , as the amounts were below the minimum price sought, Bloomberg News reported on Friday, citing people with knowledge of the matter.
Jefferies adds Groww, State Bank of India, 5 others to 23 buy ideas. Here’s the full list
Jefferies has updated its analyst top ideas, adding seven new stock recommendations across various sectors. These picks include State Bank of India, Groww, Star Health & Allied Insurance, Bharat Forge, JSW Steel, Eternal, and Max Healthcare, with significant upside potential highlighted for each.
Stocks to Buy: Here are seven new additions to the Jefferies 'bottom-up ideas' list
State Bank of India Ltd., Star Health Insurance Ltd., Groww, Bharat Forge Ltd., JSW Steel Ltd., Eternal Ltd. and Max Healthcare Ltd. are the seven new inclusions to Jefferies' Bottom-up top ideas list, which includes 23 stocks with "buy" recommendations and eight underperform calls. Here is a look at the seven new additions:
Canara Bank raises MCLR-linked lending rates
The state-owned lender Wednesday announced that it will increase the marginal cost of funds based lending rates (MCLR) from Thursday. The two year MCLR will be 8.95% from Thursday, revised from 8.85% while three year MCLR will be 9% against 8.90%, the bank said in a regulatory filing to stock exchanges.
Japan's MUFG, State Bank of India partner to finance projects, including M&A
The alliance follows recent reforms by India's central bank permitting domestic lenders to finance corporate acquisitions, funding up to 75% of the deal value for listed and unlisted firms.
State Bank of India to tap infrastructure bonds after a 16-month hiatus, bankers say
State Bank of India will issue infrastructure bonds in March after a 16-month gap, aiming to raise up to 100 billion rupees. Bank of Baroda raised 100 billion rupees earlier in March.