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IDFC First Bank Ltd. on Thursday said its board approved a proposal to raise ₹3,200 crore through a preferential allotment of shares.

Many consumers are finding it hard to keep up with their bills.

The U.N. telecommunications agency has kicked off its annual AI for Good conference in hopes of guiding business, consumers and governments on ways to tap the promise of the new technology but avoid its potential perils

Reserve Bank of India (RBI) Thursday said that banks must reduce their reliance on wholesale deposits to fund loans, and be watchful of the risks associated with their advances and trading exposures amid interest rate fluctuations. “Considering the dynamic nature of the interest rate risk, banks may have to address both trading and banking book risks, especially in the light of moderating net inter margins,” the RBI said in its annual report for FY24 Thursday. “On the liabilities side, it is imperative to focus on diversification of deposit sources as reliance on bulk deposits heightens sensitivity to interest rate fluctuations,” it added. The RBI also pointed out that regulatory measures aimed at slowing consumer lending have worked.

fixed deposits (FDs) have been in a sweet spot for a few years now. The interest rates of FDs had gone up and small finance banks (SFBs) were offering 9% to 9.5%, which in many cases were more attractive than the offerings of public and private sector banks. Many have opted for such FDs. But now these FD investors should take note of a development at a prominent player in the sector: Fincare Small Finance Bank, which used to offer 9.21% to senior citizens on FDs maturing in 750 days as on March 27, 2024, according to Paisabazaar.com, recently merged with AU Small Finance Bank, the largest SFB in the country in asset size. This is the first such merger in the small finance bank sector, and it came into effect on April 1, 2024. Now, customers should be aware of what will happen to the FDs they had opened in Fincare SFB before the merger? Will they be eligible for the deposit insurance protection of up to Rs 5 lakh, including principal and interest? Will the IFSC codes change after the merger? ET Wealth Online presents an FAQ on how the Fincare-AU Small Finance Bank merger will impact customers.

KNR Constructions, one of the leading companies providing engineering, procurement, and construction (EPC) services, gained 10.6% in today's intraday trade, reaching a new 52-week high of ₹309.80 per share. This surge followed the company's healthy performance in the March-ending quarter and for the full fiscal year (FY24).

Multibagger IPO: Investing in stocks is like investing in a business; one should hold one's shareholding as long as one can after getting invested. A stock investor must believe that money is not in buying and selling stocks but in holding. So, one should hold the stock as long as one can; this rule also applies to the primary market investors.

₹50 per share, as per stock market observers. This indicates that Aimtron Electronics shares trading at ₹211 apiece in the grey market, higher by ₹50, or at a premium of 31.06% to the issue price of ₹161.Also Read: Awfis Space Solutions share price makes a positive debut, stock opens with 13.5% premium at ₹435 apiece on NSEAimtron Electronics IPO has been subscribed 0.90 times so far on May 30, the first day of the bidding process.

Samvardhana Motherson International as the company posted a two-fold jump in its net profit to Rs 1,444 crore for Q4FY24. The company's total revenue from operations also rose to Rs 27,058 crore for the period under review as compared to Rs 22,517 crore in the last quarter of FY23.

Varun Beverages Ltd. traded at Rs 1459.0 on BSE at 10:05AM (IST) on Thursday, up 1.94 per cent. The stock quoted a 52-week low price of Rs 754.35 and a high of Rs 1560.3. Earlier in the day, the stock saw a gap up opening.

Siddhartha Khemka, Head-Retail Research, MOFSL, says if the BJP manages on its own around 340-350 seats, that will definitely enthuse the market to some extent and overall, we are expecting that barring a few days of volatility, market focus will return to fundamentals. On both the macro as well as on the micro front, India stands pretty confident with 6.5 plus percent growth expected for the next two years and 16- 18% corporate earnings growth for next two years. Are we headed for a sell-on-news market on June 4 and do you think a market which is already easing off, has a chance to go up or will it be down? Siddhartha Khemka: There are various possible scenarios and outcomes and based on that, the market could react. There is a lot of talks and a lot of reports being floated around with respect to how market would react to the number that the BJP kind of garners, so anything between that 310-320 would be a scenario where I would believe that it is a news or event that is already discounted for and we could see some partial profit booking after that.

Sensex declined 667.55 points, or 0.89%, to close at 74,502.90, while the Nifty 50 settled 183.45 points, or 0.8%, lower at 22,704.70.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 30“Though FII selling intensity has reduced, the caution is increasing as we near the big event outcome which is resulting in profit booking. The volatility is expected to be heightened in coming sessions, thus it is advisable to traders to stay on the sidelines and not get too aggressive.

The owner of Britain’s Royal Mail says it has accepted a 3.6 billion pound ($4.6 billion) takeover offer from Czech investor Daniel Křetínský

American Airlines is lowering some of its second-quarter financial forecasts and has announced the departure of its chief commercial officer

Reserve Bank of India (RBI) has imposed stiff business curbs on two Edelweiss Group entities — ECL Finance (ECL) and Edelweiss Asset Reconstruction (EARCL) — for what it described as 'material' transgressions that allegedly involved 'evergreening of stressed assets'. The regulator has asked EARCL to stop acquiring financial assets, including security receipts (SRs), and to stop reorganising existing SRs into different tranches. In the case of ECL Finance, the RBI has asked the company to immediately stop all structured transactions related to its wholesale exposures, except for account repayments or closures in the normal course of business.

EBAday has provided this to the Finextra and EBA community, year on year, for 18 years and will again in Lisbon at the CCL from 18-19 June 2024, leading the conversation on orchestrating the dialogue on payments and the advantages of collaboration.

Dune Prophecy has generated curiosity after the success and popularity of 'Dune' and «Dune: Part Two». The movies were released in 2021 and 2024. However, first time we witness 'Dune' in 1984. Now HBO Max is bring the new show «Dune Prophecy». HBO Max show will have six episodes is slated to be released in Fall of 2024. Dune Prophecy is based on "Sisterhood of Dune", a book authored by Brian Herbert. The show delves into In a bold quest to combat the looming threats against humanity, two Harkonnen sisters set out on an epic journey, their determination and prowess laying the foundation for the formation of the powerful sect known as the Bene Gesserit.

GSM Foils IPO Allotment Update: After receiving a stellar response from investors during the bidding period from May 24 to May 28, attention now turns to the allotment procedure for the GSM Foils IPO.The allotment for the GSM Foils IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Bigshare Services Pvt.

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Europe may have read it in books as the outbreaks are mostly confined to the tropics of the world. This may not be the case anymore, as a report indicates that the region will experience a greater number of cases in the coming years.

Reserve Bank of India's deputy governor pointed out that asset reconstruction companies (ARCs) have been 'conduits to the evergreening of distressed assets', and some of them have 'used innovative structures to circumvent regulations'. Directing ARCs to adopt a regulation-plus approach, the DG said that ARCs' performance is less than optimal. J Swaminathan, DG, stated this at a conference in Mumbai on May 17 with senior officials from the ARC industry. «During our onsite examinations, we have come across instances where ARCs have been used or allowed themselves to be used, if I may say so, as a conduit to evergreen distressed assets,» Swaminathan stated.