LIC-IDBI Bank deal gets RBI approval – The Financial Express

The Reserve Bank of India (RBI) has given its approval to the LIC-IDBI Bank deal and the stressed bank is learnt to have received around Rs 6,000 crore from the insurance behemoth as the first instalment for the proposed acquisition of a majority stake, sources told FE.LIC-IDBI Bank deal gets RBI approvalThe Reserve Bank of India (RBI) has given its approval to the LIC-IDBI Bank deal and the stressed bank is learnt to have received around Rs 6,000 crore from the insurance behemoth as the first i...
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Kotak Mahindra shares reverse gains after bank clarifies on Warren Buffett's stake buy report – The Financial Express

Shares of Indias major private sector lender Kotak Mahindra Bank reversed gains Friday after the bank clarified on Berkshire Hathaways stake buy report.Kotak Mahindra Bank has clarified that it is unaware of any plans by Berkshire Hathaway to buy a 10% stake in the company.Shares of Indias major private sector lender Kotak Mahindra Bank reversed gains Friday after the bank clarified on Berkshire Hathaways stake buy report. Kotak Mahindra Bank has clarified that it is unaware of any plans by Berk...
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Both gold and silver are glittering! Gold prices surged by Rs 890, silver climbed Rs 1,940 this week – The Financial Express

Taking positive leads from the global market amid firm demand from local jewellers, gold prices surged Rs 890 to Rs 32,350 per 10 grams at the bullion market during the week.Traders said a positive trend in the overseas market lifted gold prices here.Taking positive leads from the global market amid firm demand from local jewellers, gold prices surged Rs 890 to Rs 32,350 per 10 grams at the bullion market during the week. Similarly, silver climbed Rs 1,940 to Rs 38,500 per kg on higher demand fr...
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Six of top 10 companies lose Rs 54,916 crore in m-cap, HDFC, SBI, ICICI Bank among the list – The Financial Express

Six of the 10 most valued Indian companies together lost Rs 54,916.4 crore in market valuation last week, with Reliance Industries taking the biggest hit. Six of top 10 companies lose Rs 54,916 crore in m-capSix of the 10 most valued Indian companies together lost Rs 54,916.4 crore in market valuation last week, with Reliance Industries taking the biggest hit. ITC, HDFC Bank, SBI, HDFC and ICICI Bank were the other companies that witnessed a decline in their market capitalisation (m-cap), while ...
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