Banking And Finance
Muthoot FinCorp to dilute minimum 10% stake in IPO: CEO Shaji Varghese
Gold loan-focused non-banking finance company (NBFC) Muthoot FinCorp is likely to dilute a minimum 10 per cent stake in its proposed (IPO), while proceeds from the issue will be used…
What happens to your credit score if you miss EMI payment? Penalty and recovery strategy explained
Many borrowers and regular credit card users often believe that missing a single EMI payment is only a small financial mistake. They assume the amount can easily be adjusted in…
EPFO to extend auto-settlement of claims to include final withdrawals, allow auto-transfer of accounts — Check details
The Employees’ Provident Fund Organisation (EPFO) plans to extend its auto-settlement process to include final provident fund withdrawal claims, a top official at the retirement body told PTI. It is…
PF Balance Check: How to know whether EPF interest has been credited
The interest amount on an employee’s EPF (Employees’ Provident Fund) account is credited on March 31 at the end of every financial year. members currently receive annual interest at the…
Market
Goldline Pharmaceutical IPO allotment date in focus today; latest GMP, step-by-step guide to check status
Goldline Pharmaceutical IPO allotment date today: Goldline Pharmaceutical IPO share allotment will be finalised today (Friday, 15 May). The investors who applied for the issue can check the Goldline Pharmaceutical…
AI-fueled momentum rally risks fading as history signals softer S&P 500 returns ahead: Report
The trajectory of both momentum and the broader S&P 500 would be dictated by the macroeconomic backdrop and the outlook for AI investment, Goldman Sachs said in a research report…
Reliance Jio IPO: How much-awaited IPO likely to impact Reliance share price?
Reliance Jio IPO: The much-awaited initial public offering of Reliance Jio, the telecom and digital arm of Reliance Industries Limited, is likely to comprise entirely fresh equity issuance. According to…
Mcap of nine of top 10 valued firms erodes by ₹3.12 lakh crore; Reliance biggest laggard
The combined market valuation of nine of the top 10 valued firms eroded by ₹3.12 lakh crore last week, with Reliance Industries taking the biggest hit. Last week, the 30-share…
Market
JSW Steel’s JVs put it on track to be among top global steelmakers outside China
Mumbai: Two strategic joint ventures have set the Sajjan Jindal-led JSW Steel on course to becoming one of the world’s biggest steel companies outside of China. The first joint venture…
Prudential Plc to buy 75% Bharti Life stake for ₹3,500 crore, cut ICICI Pru Life holding to 10%
MUMBAI: UK-based Prudential plc on Sunday said it plans to acquire a 75% stake in Bharti Life Insurance and subsequently cut its holding in ICICI Prudential Life Insurance to 10%,…
Vodafone Idea gets promoter support but funding challenge persists
Telecom operator Vodafone Idea showed early signs of operational improvement in the March quarter, as its subscriber base stabilised and average revenue per user (Arpu) rose. Analysts, however, said the…
NTPC chief cautions against dependence on single supplier for nuclear technology
The country must remain watchful of becoming over-dependent on any single supplier or country for nuclear technology as it moves ahead with the ambitious 100 GW nuclear power plan, an…
Axis
