Kotak Mahindra Bank on September 20 said it’ll acquire an almost 10 percent stake in KFin Technologies after investing Rs 310 crore. “Kotak Mahindra Bank Limited has agreed to subscribe 1,67,25,100 Equity Shares in KFin Technologies Private Limited for a consideration of roughly Rs. 310 crore translating into an equity shareholding of 9.98 percent on September 19, 2021,” the private lender said during a BSE […]
Evergrande contagion fears hit Hong Kong stocks, with default expected
Fears of a contagion from the potential collapse of battered Chinese land giant Evergrande sent property shares plunging in Hong Kong on Monday, with the firm expected to default upcoming interest payments in the week . The firm, one among the country’s biggest developers, is on the brink of collapse because it wallows in debts of quite $300 billion, raising concerns of a spillover into the domestic and global […]
Bulls ahead, go slow: Top 10 trading ideas for next 3-4 weeks
After a few of days of consolidation, bulls have taken full control of Dalal Street from Wednesday and therefore the Nifty rallied almost near the 17,800-mark on Friday. However, selling and profit-booking within the last hour of trade made the road cautious. The index fell 44 points on Friday to settle at 17,585.20 and formed a bearish candle on the daily charts, but […]