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 […]
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 […]
Time to turn bullish on PSU banks after Cabinet clears Rs 30,600 crore-guarantee for bad bank?
With the cupboard giving the go-ahead to government guarantees for security receipts of Rs 30,600 crore, the non-performing asset (NPA) burden of state-run banks is predicted to ease, making PSU bank stock a beautiful buy, experts said. Experts said the choice on the so-called bad bank that came each day after a government extended a four-year moratorium on payment of dues by telecom players was […]