LIC gets RBI nod to buy 9.99% stake in HDFC Bank
HDFC Bank, in a notification to stock exchanges on Thursday, said LIC has received approval from the RBI to acquire up to 9.99% in the bank by January 25, 2025. However, the insurer must ensure that its aggregate holding does not exceed 9.99% of the paid-up share capital or voting rights of the bank at […]
Analysts mostly retain share price targets on TechM
The average analyst price target on Tech Mahindra by Bloomberg after the third quarter results was at ₹1,302, implying a downside of 1.67% from Thursday’s closing. Analysts said that the company’s weaker performance indicates that turnaround would be tough in the near term, given the weak demand environment.