IndusInd International to buy 60% in Invesco AMC
Invesco will retain a 40% stake in the fund house, while both IIHL and Invesco will have sponsor status. The size of the deal has not been disclosed. IIHL is the promoter entity of IndusInd Bank.
Strong loan growth, stable asset quality seen powering Jan-March bank numbers
Banks will also gain from mark-to-market gains from the easing in treasury yields last quarter and also from a Reserve Bank of India (RBI) relief on provisioning requirements on their alternative investment fund (AIF) investments.
These large-caps bring valuation comfort to a runaway Street
These companies are available at relatively low valuations given various business challenges which are largely short-term in nature. Given their established businesses, large scale of operations and good corporate governance, these companies are expected to perform well over a longer horizon.
4 banks to move home regulators for extension of ESMA deadline
They said Deutsche Bank, BNP Paribas, Credit Agricole and Societe Generale are likely to make requests to German and French financial authorities to grant an extension of an October 2024 deadline by at least six months to transact with the Clearing Corporation of India (CCIL).
Peak 75K some feel weary, but most remain bullish
Sensex fell 0.1%, or 58.8 points, to close at 74,683.7, after hitting a lifetime high of 75,124.28 earlier in the day. Nifty declined 0.10%, or 23.55 points, to close at 22,642 after rising to an all-time high of 22,768.40.