A market veteran sees a positive shift for India’s financial sector. Private banks, including HDFC Bank and ICICI Bank, will lead future growth. FY27 is expected to be a landmark year for both private and public sector banks. Rate cuts and government measures will support this expansion. A billion-dollar NBFC investment highlights this outlook.
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000