The buyback tax has been simplified for the benefit of the small shareholders, Income Tax Dept says. The liability on promoters will largely remain similar.
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Markets-Economic Times
Central Bank of India shares tumble as government launches OFS
Central Bank of India shares plunged 7.7% Friday to Rs 31.30 on BSE as the government began the process of divesting its holding in the Mumbai-based lender. The floor price for the sale was fixed at Rs 31 per share. The...
May 22
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FIR
Markets-Economic Times
First Carolina files for IPO as US bank listings heat up
First Carolina Financial Services filed for a U.S. initial public offering on Friday, disclosing a jump in first-quarter profit as a strong run of new listings by U.S. banks extends into 2026. The Raleigh, North Carolin...
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KEV
Markets-Economic Times
Kevin Warsh takes over US Fed with a policy problem already in view
Kevin Warsh, whose broad criticism of current U.S. Federal Reserve officials, playbook for rate cuts and ties to President Donald Trump elevated him past other contenders to lead the central bank, will be sworn in as Fe...
May 22
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GOV
Markets-Economic Times
Govt to sell additional 4% stake in Central Bank of India after OFS subscribed 2.36 times; retail bidding opens on Monday
The Government of India has decided to exercise the oversubscription option in the ongoing offer for sale (OFS) of Central Bank of India, raising the total issue size from 4% to 8% of the bank’s equity capital amid stro...
May 22
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APO
Markets-Economic Times
Apollo Hospitals among 5 stocks hitting 52-week highs; rally up to 15% in a month
On Friday, the benchmark Sensex closed 231 points higher at 75,415. Amid the broader market rally, five stocks from the BSE 100 index hit their 52-week highs, scaling their highest levels in the past year. Reaching a 52...
May 22
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RBI
Markets-Economic Times
RBI helping hand muscles breathing room for rupee, cools forward premiums
The Indian rupee rallied to close above the 96-per-dollar mark for the first time in a week on Friday, helped bythe central bank's aggressive interventions to arrest the currency's slide from 94.50 to nearly 97. The rup...
May 22
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BAN
Markets-Economic Times
Bank Nifty near key resistance zone; breakout above 54,300 crucial: Ajit Mishra
Indian equity markets continue to move within a narrow consolidation range, with benchmark indices finding it difficult to break key resistance levels. Despite this, sector rotation is keeping stock-specific action aliv...
May 22
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NIF
Markets-Economic Times
Nifty stuck in a range but small and midcaps are where real money is being made: Ashish Chaturmohta
India's benchmark indices may be going nowhere fast, but beneath the surface, a very different story is playing out, one where selective investors in small and midcap stocks are quietly generating significant alpha. Tha...
May 22
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11M
Markets-Economic Times
11 MF-backed microcap stocks rallied up to 515% in a year; 7 turned multibaggers
Over the past year, the Nifty Microcap 250 index has been largely stagnant, delivering returns of less than 1%. Yet beneath this muted headline performance, the real action has been striking: around 26 stocks within the...
May 22
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NIF
Markets-Economic Times
Nifty Bank rises 650 points as report says RBI unlikely to hike rates to defend rupee; Axis, ICICI, HDFC shares jump up to 2%
Bank stocks including private heavyweights Axis Bank, ICICI Bank, HDFC Bank and others jumped up to 2%, pushing the Nifty Bank around 650 points higher on Friday morning after a report said that the Reserve Bank of Indi...
May 22
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MAR
Markets-Economic Times
Markets still pricing in strong AI growth despite mixed earnings signals: Seth R Freeman
Global equity markets continue to surprise investors with their resilience, even as macroeconomic risks intensify in the background. Speaking to ET Now, market expert Seth R Freeman from GlassRatner Advisory highlighted...
May 22
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INS
Markets-Economic Times
Inside SpaceX’s Mega IPO: AI, Starlink and Musk’s Mars vision
SpaceX is preparing for what could become the largest IPO ever. The company is reportedly targeting a valuation close to $2 trillion, making it one of the most valuable firms in the world. Investors across global market...
May 22
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