Tag Archives: equity

Private sector lender RBL Bank has acquired 9.99% stake in Varanasi-based Utkarsh Microfinance, which is transforming into a Small Finance Bank next year. Utkarsh is one of the 10 players given RBI nod last year to open SFB. The microfinance industry has grown at around 60% in the last two years, following the RBI sanction making them answerable and accountable. ...

Chitramala.in, a portal for Bollywood and Telugu film industry gossip, has received Rs.50 lakh from Confidance Holdings. Moukthik Kiran Reddy from Chitramala said approximately 60% of its readers originate from different parts of India, including some user traffic from foreign destinations such as USA, Australia, Canada and UK. The monthly unique visitors count for Chitramala.in grosses 1 million every month. ...

Sensex, the benchmark index of Indian equities markets on Monday was trading 69.28 points or 0.25 percent down as auto stocks plunged in the backdrop of car prices going up this month onwards. Good buying was observed in fast moving consumer goods (FMCG) sectors, while selling pressure was seen in the auto, metal and oil and gas sectors. The 30-scrip ...