The government and the Life Insurance Corporation (LIC) own 94.72% of IDBI Bank, with LIC owning 49.24% and the government owning 45.48%.
The company stated that its production facility in Bharuch successfully completed its USFDA inspection with zero 483 findings.
Primary basket and manufactured products applied pressure on the WPI index in the month of June
Out of the 28 sectors evaluated, MFs saw AUM accretion in 27 sectors with only media showing AUM depletion
Invesco India Manufacturing Fund is a play on the turnaround that we are seeing in GDP growth, led by manufacturing
The record date for the share buyback has been set as July 30, 2024. Promoters will also participate in the share buyback.
The NFO is available for subscription from July 12 to July 26.
On July 1, it reported that it has signed a $21 million contract with the Government of Bangladesh to build an innovative ocean-going tugboat.
If the Red Sea crisis has hit exports hard, then it has hit imports even harder, leading to narrowing of trade deficit
The privatisation of IDBI Bank has been anticipated for years, with market watchers closely monitoring the central bank's assessment of bidders.
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