Are PSU Banks entering a new bull phase after stellar Q2 results?
Public sector banks are performing strongly. Their September quarter earnings have boosted investor confidence. Bank of Baroda and Indian Bank saw significant gains. Analysts note improved valuations and declining NPAs. This resilience makes PSU banks an attractive investment. Their performance outshines private banks and the broader market over the last six months.
Warburg in talks to sell its 26% stake in IndiaFirst Life
Warburg Pincus is in advanced talks to sell its 26% stake in IndiaFirst Life Insurance for approximately ₹10,000 crore. The private equity firm is approaching global strategic investors and PE funds for the exit, with bids expected in early December. Barclays is managing the deal, aiming for a March 2026 signing.
Groww raises Rs 2,985 crore from investors ahead of IPO, sovereign funds, SBI MF join anchor book
Groww’s Rs 6,632-crore initial public offering comprises a fresh issue of Rs 1,060 crore and an offer for sale (OFS) of 557 million shares by existing shareholders. The price band has been fixed at Rs 95–100 per share. The firm is targeting to go public at a valuation of $7 billion.
10-year bonds hold firm, longer-term yields up on poor demand
Indian government bonds saw little movement on Monday. The benchmark 10-year yield stayed within a tight range. However, demand for longer-term bonds weakened, causing their yields to rise. Traders noted that the Rupee’s performance and liquidity are now key factors influencing the market. The focus is on the Rupee’s potential impact on the Reserve Bank […]