A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income Tax
5:10 AM
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Bain Capital to sell $429M stake in Axis Bank, exiting Nov 2017 holding. 33.4M shares at Rs 1,071-1,076/share with 0.5% discount. Previous sales in Dec 2022. BofA Securities bookrunner. No comments on transaction details or buyer.
5:10 PM
Blogger
Small-cap and mid-cap mutual fund schemes have excelled as top performers in actively-managed equity funds over the past year, outperforming benchmarks and maintaining a lead in returns over a five-year period. Value-oriented funds focusing on public sector companies in sectors like banks, railways, and defence have also shown strong performance.
10:10 AM
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Vishal Mega Mart is preparing for a share sale, potentially occurring in the fourth quarter of this year, with Kotak Mahindra Bank Ltd and ICICI Bank Ltd selected to facilitate the arrangement. Owned by private equity entities Partners Group Holding AG and Kedaara Capital, the IPO aims to allow these firms to reduce their stakes. Additional banking partners are expected to join the IPO process.
3:10 PM
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Financial educator Ravindra Balu Bharti has been instructed by the Securities and Exchange Board of India (Sebi) to transfer more than Rs 12 crore, earned through illegitimate means. Bharti must deposit the funds into an interest-bearing Escrow Account in a nationalized bank. Sebi specified that the Escrow Account will hold the amount in Sebi's favour, with no withdrawals permitted without the regulator's consent.
1:10 PM
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Fixed deposit interest rates: Interest income from FDs is fully taxable and contributes to your overall tax obligation. Since FD interest is considered "income from other sources," Tax Deducted at Source (TDS) is applicable.
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