Srei Infrastructure Finance last month sold 50 per cent stake in a part of its business equipment financing arm to France's largest bank BNP Paribas for Rs 775 crore
Mutual fund houses are bullish on the financial sector, notwithstanding the recent beating at the stock market. Fund houses like Kotak Mahindra AMC, Sundaram BNP Paribas & LIC Mutual Fund have drawn up plans to introduce products aimed at the financial services sector. Bank stocks for long had been one of the favourite picks for many fund managers. There was a slowdown in valuations of financial sector stocks but Indian corporate entities still continue to remain attractive.
Roger Federer will make his only appearance on clay this season at Roland Garros, his agent said. The Swiss skipped the entire claycourt season in 2017 and 2018 and last year played only two tournaments on the surface before arriving in Paris for the French Open.
The third-seeded pair was defeated by the unseeded Canadian-Chinese duo 6-4, 6-3.
Sundaram Select Small Cap Fund is one of the few NFOs that offer some unique features to the investors which will be beneficial to them in the long run.
Raducanu falls in first match since US Open triumph.
Paes-Damm went down fighting against Jeff Coetzee of South Africa and Rogier Wassen of Netherlands 6-3, 6-7(5), 9-11 in the first round match in Paris on Monday.
The Nifty Options would add to SGX's suite of Asian equity derivatives, which include SGX S&P CNX Nifty futures, the dominant Indian product for international participants.
Can, and has, increased its cash levels in turbulent markets
Novak Djokovic crushed Britain's Andy Murray 6-2, 6-3 to set up final against Roger Federer.
ICICI Bank was the top gainer in the Sensex pack, rising around 4 per cent, followed by UltraTech Cement, Sun Pharma, Bharti Airtel, HUL, SBI, L&T, Axis Bank and IndusInd Bank. On the other hand, Reliance Industries, Bajaj Finserv, HCL Tech and HDFC were among the laggards.
India CEOs of 12 banks form pressure group within IBA.
Serena Williams' decision to end a 14-year boycott of the BNP Paribas Open has been warmly welcomed by her peers with good friend and rival Caroline Wozniacki saying it was "great for tennis".
Serena Williams was unseeded at the French Open last month due to an extended absence for the birth of her first child but she is not likely to face the same problem at the US Open.
A rejuvenated Roger Federer beat fellow Swiss Stan Wawrinka 6-4, 7-5 in the BNP Paribas Open final on Sunday to earn a record-tying fifth Indian Wells title and the distinction of being the tournament's oldest winner.
Jack Sock celebrated a pair of firsts on Friday by powering past fourth seed Kei Nishikori 6-3, 2-6, 6-2 to book a date with Roger Federer in the semi-finals of the BNP Paribas Open in Indian Wells, California.
India's service sector proportionately much larger than China's, while its investment and industrial-production shares are much lower
SLF first identifies the sectors it wants to invest in and then picks up the leaders within these specific sectors
Etrade, BNP Paribas, Bank of Muscat are all picking up stakes in many of the Indian brokerage firms. So what is so attractive about them?
R N Subramanian, manager-foreign exchange, Canara Bank, will be the new chairman of the Forex Association of India for the current financial year 2004-05
After straightening her hair, it was time for nose piercing for Serena Williams.
National Thermal Power Corporation on Thursday said it has sought offers from global bankers for arranging a syndicated loan of $100 million to part finance its capital investment during the current fiscal.
The rating outlook change is relevant now, as the US Federal Reserve is set to end its monthly bond-buying programme in October.
Wednesday's hawkish and essentially courageous decision underscores that Governor Urjit Patel will largely represent continuity, rather than a break, with the policies and approach of his predecessor, says Richard Iley.
Reliance Industries Ltd, the nation's most valuable company, on Thursday said it has raised $4 billion (around Rs 30,000 crore) in debt through the largest ever foreign currency bond issuance by an Indian entity. The oil-to-telecom conglomerate plans to use the proceeds of the three tranche issues to retire existing borrowings. The issue was "nearly 3 times oversubscribed with a peak order book aggregating around $11.5 billion," the company said in a statement. This is the largest ever foreign currency bond transaction in India, eclipsing ONGC Videsh Ltd's $2.2 billion US dollar bonds issue of 2014.
IMAGES from the matches played at the PNB Paribas Open at Indian Wells on Wednesday
It will be the earliest meeting between the two since their first professional match in the second round of the 1998 Australian Open.
After eight months of consecutive outflows, equity mutual funds witnessed a net inflow of Rs 9,115 crore in March amid correction in the stock market. Barring multi-cap and value fund categories, all the equity schemes saw inflow last month, data from the Association of Mutual Funds in India (Amfi) showed on Thursday. However, investors pulled out Rs 52,528 crore from debt mutual funds last month, after investing Rs 1,735 crore in February, owing to advance tax payments and other year ending commitments. Overall, the mutual fund industry witnessed a net outflow of Rs 29,745 crore across all segments during the period under review, compared with a net inflow of Rs 4,090 crore in February.
Cilic's booming serve lacked its usual accuracy and Germany's Kohlschreiber was able to control long rallies, pushing the towering Croatian around the court with pinpoint groundstrokes en route to a quick victory.
Fourth seed Andy Murray, with a consummate display of power and touch in tricky conditions, reached the BNP Paribas Open semi-finals with a landmark 6-3, 6-4 win over Spaniard Felicano Lopez on Thursday.
IMAGES from the matches played at the PNB Paribas Open at Indian Wells on Sunday
The French Open is the only Grand Slam title to have eluded Novak Djokovic and the steely-eyed Serb has adopted a philosophy of reverse psychology in a bid to claim the coveted crown.
Both won in style on Sunday, with Spanish fifth seed Nadal pouncing on Guido Pella's serve to break the Argentine five times en route to a 6-3, 6-2 victory in sizzling afternoon heat on the stadium hard court.
The draw for the September 19-21 play-offs was announced on Wednesday.
'Having that chance to represent people that might not think that they could be represented, that's a really important goal of mine'
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space.
Dominic Thiem claimed his first Masters 1000 title after coming from a set down to defeat Roger Federer
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