Category : Banking


Aye Finance IPO: 16% Subscription After Two Days

Aye Finance's mainboard IPO has received a 16% subscription after two days of bidding, with retail investors showing moderate interest. The company, serving MSMEs, posted a net profit of ₹175.3 crore in FY25.

BHEL OFS Opens: Govt Sells 3% Stake at Discount

The Indian government initiates a 3% stake sale in Bharat Heavy Electricals Limited via an offer for sale at a floor price of ₹254 per share, with a potential 2% greenshoe option. The OFS runs over two days for non-retail and retail investors.

Crypto Winter Deepens: Bitcoin Plunges 45% in Market Chill

The cryptocurrency market is experiencing its coldest winter yet, with Bitcoin dropping from $124,000 to $70,000 and total market value falling by over $2 trillion. Unlike previous downturns, crypto investors now face isolation as other asset classes thri

Health Insurance Claims Ratio Drops to 86.9% in FY25

The health insurance industry's incurred claims ratio fell to 86.9% in FY25, its lowest since the pandemic. However, group health business, especially for PSUs, remains a strain with claims exceeding premiums.

Rs 72,000 Crore Unclaimed Bank Deposits Moved to RBI Fund

The Indian government has transferred more than Rs 72,000 crore in unclaimed bank deposits to the RBI's Depositor Education and Awareness Fund. Public sector banks hold the largest share, with measures like UDGAM launched to help depositors reclaim funds.

Kerala Co-op Bank Fights State Software RFP in Court

Kallettumkara Service Co-operative Bank petitions Kerala High Court against RFP for uniform software, alleging it threatens autonomy of primary agricultural credit societies through excessive government control.

Gold ETFs Surge Past Equity Funds in January Inflows

Gold ETFs saw a 106% surge in inflows to Rs 24,040 crore in January, slightly exceeding equity mutual funds. This shift highlights growing investor preference for gold as a safe-haven asset amid market volatility.

Carlyle Acquires Majority Stake in Nido Home Finance

The Carlyle Group, in partnership with Aditya Puri's family office, will acquire a 73% stake in Nido Home Finance from Edelweiss Financial Services in a deal valued at ₹2,100 crore, marking a major entry into India's housing finance sector.

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