Financial Services News

Slice Small Finance Bank has raised about $100 million (Rs 950 crore) from global and domestic investors at a valuation of $450-470 million (Rs 4,275-4,465 crore), marking its first institutional fundraise as a bank and a steep cut from its previous valuation

Despite strong August sales data reflecting robust demand for passenger vehicles, auto stocks faced a notable drop. Maruti Suzuki and Tata Motors both reported impressive sales increases, while Hyundai Motor India celebrated its highest domestic sales ever in

IT stocks rebounded sharply on Thursday, with the Nifty IT index surging nearly 4% after a four-session slide that pushed it to a 52-week low. Coforge led gains with a 5% jump, while Infosys, Mphasis, HCL Tech and Persistent Systems rose around 4%

Mid-cap IT stocks faced a significant downturn Wednesday, led by KPIT Technologies' warning of a near-term revenue slowdown. This has amplified investor worries about Artificial Intelligence's impact on India's software services sector

The macro environment, AI and geopolitical overhangs are likely to weigh on discretionary spends, decision cycles, and demand commentary for exports-led IT services firms leading to a soft Q1 FY27 showing, Motilal Oswal Financial Services said adding it expect

Indian equities are poised for a positive July, building on historical trends and recent market strengths. Easing crude oil prices, a stable rupee, and reduced foreign selling are fueling optimism

Shankesh Jewellers IPO allotment is expected to be finalised today, August 21, giving investors clarity on whether they have been allotted shares in the Rs 367-crore public issue. Investors can check their allotment status online through the IPO registrar s we

AWS, on Thursday, August 20, announced that OpenAI s flagship AI models GPT-5.6 Terra and Luna are now available on Amazon Bedrock in India with in-country inferencing. Since OpenAI model inference on Amazon Bedrock is processed on AWS infrastructure, organisa

Shankesh Jewellers IPO GMP: Shankesh Jewellers Rs 367.18-crore IPO enters its final bidding day with 94% subscription and a 3% grey-market premium. Strong retail demand, improving FY26 profitability, debt repayment plans and an asset-light B2B model support th

Life Insurance Corporation of India received approval from the Reserve Bank of India. This allows LIC to increase its stake in HDFC Bank to 9.99 percent

Market breadth is important, especially at this point of time. It is a better indicator of both underlying sentiment and what is likely in store for the market in the coming days

Indian residents' outward remittances have significantly increased, reaching a record USD 31.73 billion by FY2023-24. Digital reforms and infrastructure upgrades have streamlined the process for investing abroad

The Indian equity market saw a decline on Friday, ending a lackluster trading week as geopolitical tensions and rising crude oil prices loomed over Dalal Street. With the benchmark indices marking their third consecutive week of losses, market apprehensions we

Welspun Living jumps 10%, brokerage sees 22% upside. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price Will Uncle Sam s 100% tariff threat stop India s Russian oil impor

Behari Lal Engineering s Rs 302-crore IPO enters its final bidding day with strong investor demand and a 28% grey market premium. The issue was subscribed 7.78 times on Day 2, led by NIIs and retail investors

Jio Financial Services Ltd (JFSL) of the Reliance Industries group and Bank of America Corporation (BofA) have signed a definitive agreement under which BofA will acquire up to a 49.9% stake as a joint venture partner in JFSL s wholly-owned NBFC lending subsid

Astral Ltd., Balkrishna Industries Ltd. and SBI Cards and Payment Services Ltd

Godrej Consumer Products shares have experienced a notable drop following the unexpected exit of the chief executive. This abrupt change has raised significant concerns among investors about the future leadership in a volatile market environment

Jio Financial Services and Bank of America on Wednesday announced a definitive agreement to form a joint venture that will see the US banking major acquire up to 49.9% in Jio Credit, the latter s wholly owned non-banking financial company (NBFC).The investment

Grasim Industries reported strong Q1 FY27 results, with standalone net profit reaching Rs 247 crore and revenue rising 28% YoY. Consolidated net profit jumped 51% to Rs 2,146 crore, driven by robust performance across core and growth businesses

Shankesh Jewellers, a Mumbai-based jewellery wholesaler, on Tuesday said its Rs 367 crore Initial Public Offering (IPO) will open for subscription on August 18.The price band for the IPO has been fixed at Rs 88-93 per equity share, valuing the company at Rs 1

Indian equity markets closed lower on Friday, with the newly launched closing auction session continuing to create a divergence between the benchmark indices Sensex and Nifty.Sensex closed nearly 456 points lower (0.58%) at 78,499, while Nifty 50 fell only 65

With the two big growth drivers returning to steady growth, the AI-led revenue deflation is behind the firm, LTM chief executive Venugopal Lambu told ET. Financial services and technology, the segments that together account for 57% of LTM s revenue, each regis

New Delhi: Bharti Airtel is focusing on finance, data centres and cloud as its next phase of growth after investing more than 3.3 lakh crore over the past decade to build one of India's strongest digital infrastructure networks, chairman Sunil Bharti Mittal sa

HDFC Bank MD Sashidhar Jagdishan addressed chairman Atanu Chakraborty's resignation and governance questions. External law firms reviewed Chakraborty's statement, finding it unsubstantiated by records and interviews

Tata Consultancy Services anticipates slower revenue and profit growth for June 2026 quarter. Client decision cycles are elongating, impacting project ramp-ups and growth rates

Foreign investors bought Indian financials worth over fourteen thousand crore rupees. This marked their highest purchase in financials during the second half of June