News Overview

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%.

Invesco India Manufacturing Fund is a play on the turnaround that we are seeing in GDP growth, led by manufacturing

Primary basket and manufactured products applied pressure on the WPI index in the month of June

The record date for the share buyback has been set as July 30, 2024. Promoters will also participate in the share buyback.

The company stated that its production facility in Bharuch successfully completed its USFDA inspection with zero 483 findings.

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.

The Delhi-based startup has signed in-licensing arrangements with Novartis for the heart failure treatment Neptaz.

June 2024 saw IPOs grab a chunk of MF money on the buy side, with caution in secondary markets overall

MDL, one of India's most advanced shipyards, already has a larger order book, which might be boosted even further with the deal.

L&T Finance had a 33% YoY increase in quarterly retail disbursements to ₹14,839 Crore in Q1 FY25, up from ₹11,193 Crore the previous year.