Tata Investment Corporation (TIC) has emerged as a shining star in the stock market, witnessing an extraordinary surge of 129.21% in the last six months and an astounding 172.37% in the last year. This spectacular growth has nearly tripled the investment for shareholders, making TIC a standout performer in the market. Record-Breaking Stock Performance The … Read more
IDFC First Bank and IDFC Limited have received board approval for their merger, adopting a 155:100 share exchange ratio. The move aims to simplify the corporate structure, streamline regulatory compliance, and enhance shareholder value. Post-merger, the standalone book value per share of IDFC First Bank is set to increase by 4.9%, according to audited financials … Read more
SBI Card and AU Small Finance Bank face market challenges as their Q3 FY24 performance falls short of expectations, leading to a notable decline in their stock prices. Analysts attribute the dip to rising provisions, interest rates, and funding costs. Here’s a detailed overview of their financial performance and the market’s reaction. SBI Card’s Q3 … Read more