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BPCL to buy 40% stake in Tiki Tar and Shell India for Rs 85 crore
Bharat Petroleum Corporation is set to acquire a 40% stake in Tiki Tar and Shell India for Rs 85 crore, bolstering its presence in India's expanding value-added bitumen market. This strategic move, approved by DIPAM, aims to capitalize on the nation's infrastructure growth. Tiki Tar and Shell India, a manufacturer and marketer of specialized bitumen products, also exports to neighboring countries.
PFC, REC boards approve merger scheme, share exchange ratio at 88 PFC shares for every 100 REC shares
Power Finance Corporation and REC Ltd boards have greenlit their merger, creating India's largest power financier with over Rs 11 lakh crore in loans. The approved share swap ratio is 88 PFC shares for every 100 REC shares. This consolidation aims to boost operational efficiency and bolster the balance sheet, positioning the combined entity to significantly fund India's energy transition and infrastructure growth.
PFC, REC boards approve merger scheme, share exchange ratio at 88 PFC shares for every 100 REC shares
Power Finance Corporation and REC Ltd boards have greenlit their merger, creating India's largest power financier with over Rs 11 lakh crore in loans. The approved share swap ratio is 88 PFC shares for every 100 REC shares. This consolidation aims to boost operational efficiency and bolster the balance sheet, positioning the combined entity to significantly fund India's energy transition and infrastructure growth.
Incuspaze raises Rs 150 crore to fuel expansion ahead of FY29 IPO
Flexible workspace provider Incuspaze has secured Rs 150 crore in a significant funding round led by Bharat Value Fund. This capital injection will fuel expansion in key markets, boost technology investments, and support acquisitions as the company eyes a public listing in FY29. The funding follows Incuspaze's recent acquisition of iKeva, bolstering its presence in Hyderabad and its overall growth strategy.
Passive investing explosion: DSP’s Anil Ghelani predicts ETFs, index funds will command 30% of mutual fund industry
Passive investing is gaining rapid traction in India, with DSP’s Anil Ghelani projecting ETFs and index funds to grow from 17% to 30% of mutual fund assets within five years. The shift reflects changing investor behaviour, with passive strategies forming core portfolios and active funds playing a selective, high-alpha role.
BMO Market+ International Equity Fund Series Share Price | NLB:ZMPI ETF - Investing.com India
BMO Market+ International Equity Fund Series Share Price | NLB:ZMPI ETFInvesting.com India
Indian textile firms tap IPO market to fund growth and expansion - BusinessLine
Indian textile firms tap IPO market to fund growth and expansionBusinessLine
PNB to focus on Retail, Agriculture, MSME advances, CASA deposits to boost profitability: MD Ashok Chandra
Punjab National Bank is set to prioritize retail, agriculture, and MSME lending, alongside boosting low-cost deposits to fuel growth. MD and CEO Ashok Chandra highlighted the bank's strong financial position and commitment to digital expansion and customer service. PNB aims to contribute to India's 'Viksit Bharat' vision by 2047, integrating ESG principles for responsible and sustainable development.
Bharti Airtel Trumps Reliance Jio In May Subscriber Additions, Trai Data Shows
Airtel led the growth in subscriber base with net addition of 29.8 lakh subscribers over the month of April, comprising 29.26 lakh in the mobile segment and 53,809 in fixed line connection segment.
Why Boeing and Airbus could be a game changer for some Indian auto stocks
Indian auto component makers expanding into aerospace and defence could unlock a significant new growth avenue, according to fund manager Rajesh Kothari. He believes even a small share of sourcing by global aircraft giants such as Boeing and Airbus could potentially double or triple revenues for some suppliers over time.
Axis Bank aims to strike optimal balance between growth and margins: MD
Axis Bank is poised for industry-leading growth while balancing profitability, according to MD and CEO Amitabh Chaudhry. Despite a dip in net profit for FY26, the bank expanded its market share in advances and deposits, maintaining a healthy CASA ratio. Significant investments in technology and a physical footprint expansion to over 6,000 branches are driving efficiencies and enabling a stronger Bharat Banking franchise focused on diversified rural and semi-urban opportunities.
HDFC Mutual Fund buys additional 10 lakh shares of Global Health for Rs 130 crore
HDFC Mutual Fund has secured an additional 10 lakh shares of Global Health, which is known for operating Medanta hospitals, from co-founder Sunil Sachdeva for Rs 130 crore. This acquisition builds on a prior purchase made last month. The transaction accounts for a 0.37% stake in the company. In related news, Global Health has reported an impressive 39.7% increase in its fourth-quarter profit after tax, totaling Rs 141.7 crore.