IDFC First Bank first cleared a preferential allotment of over 81.26 crore shares, equating to a 10% stake in the company in April this year. The capital raised is aimed at fueling the bank’s upcoming growth initiatives.
Shares of gold financiers declined as a sharp fall in gold prices and a stronger US dollar weighed on sentiment. Expectations of further US Federal
Global markets are gaining traction as geopolitical worries ease and AI companies report strong earnings. Matt Orton of Raymond James highlights that receding oil prices
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