More banks may get into AMC biz after RBI nod to IndusInd Bank

August 21, 2024

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.

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Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027

Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings

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Finolex Cables shares fall 5% after rallying 20% during Muhurat Trading session. More upside ahead?

Finolex Cables shares fell after a 20% upper-circuit rally during Sunday’s Muhurat Trading session, giving back some of the Rs 3,334 crore market-cap gain. The

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