IndusInd Bank received approval from the Reserve Bank of India to set up a wholly-owned asset management business, a first for a mainstream lender. This move could signal more opportunities for other banks looking to diversify into para-banking sectors. The RBI had earlier allowed HDFC and ICICI Bank to increase stakes in insurance subsidiaries.
Waaree Energies, Vishal Mega among 8 stocks on which brokerages initiated coverage
Brokerage firms have initiated coverage on stocks like BSE, Dixon Technologies, Swiggy, Ixigo, Waaree Energies, and Vishal Mega Mart, expressing bullish views.
January 18, 2025