Govind Singh, MD & CEO, Utkarsh SFB, says: “As far as moving from a small finance bank to universal bank is concerned, in the next two to three years’ time we should be looking at this part. But we still have to have a clear discussion with our board and other concerns.” How was the …
The origins of Easter Legend has it that the Easter Bunny’s journey begins not with the Bible, but with pagan festivities honoring the goddess Eostre. Easter has arrived and whether you’re looking to do some last-minute shopping or grab a bite to eat, consumers will have plenty of shopping and dining options on Sunday. Many …
The SME IPO of Trust Fintech will open for subscription on Tuesday and will close on March 28. The company aims to raise about Rs 63 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to …
Last March when ports-to-cement billionaire Gautam Adani had his back against the wall following a short seller takedown on his conglomerate, Florida based GQG Partners took a $1.87 bet across three group companies. The investment decision to back the battered Adani Group stocks following Hindenburg Research’s scathing indictment was cutting against the grain — the …
Over the past couple of years, Nvidia, by far the largest AI chipmaker, has ramped up its investments in startups that propel it deeper into the AI space. According to S&P Global and Crunchbase, the funding and investment database, Nvidia’s startup investments jumped 280% year-over-year from 2022 to 2023, with the company and its VC …
Capital markets regulator Sebi on Wednesday proposed relaxing rules for certain Foreign Portfolio Investors (FPIs) from enhanced disclosure requirements in a bid to promote ease of doing business. In its consultation paper, the regulator suggested exempting category I university funds and university-related endowments FPI that meet specific criteria from enhanced disclosure requirements. Additionally, it proposed …
Is Josh Allen’s flopping getting out of hand? The Sports Seriously crew thinks that Josh Allen is quickly becoming the ‘LeBron of the NFL’ with his excessive flopping. Sports Seriously No need to change that channel during the fourth quarter of the Buffalo Bills versus Los Angeles Chargers matchup Saturday. Well, not that anybody actually …
Dalal Street’s highly-rated fund manager Rajeev Thakkar, who manages the Rs 48,000 crore PPFAS Mutual Fund, is happy to have missed out the multibagger rally seen in a number of PSU rail and defence stocks in the last few months. “Unlike a zoo where you probably try to have two samples from each animal species, …
Mumbai: A group of Vedanta Resources (VRL) bond investors demanded the company pay at least 75% of the principal and interest on the bonds maturing in January next year and 25% on those maturing in March 2025. For the remaining portion of the two bonds maturing in 2024 and 2025, investors want fresh notes valued …
A large listed company recently announced that it would cancel the equity shares with differential voting rights (DVRs) that it had issued and instead allot a lesser number of ordinary equity shares to the DVR shareholders. This exchange is being achieved through a restructuring scheme being filed before the National Company Law Tribunal (NCLT) under …