Markets faced selling pressure, with the Nifty declining due to a sharp fall in technology stocks. Several companies like BSE, TCS, Ola Ele...

Tata Motors shares rose sharply after the company’s demerger took effect from October 1, with October 14 set as the record date for shareho...

Tata Motors fixed October 14, 2025, as the record date for its commercial vehicles demerger. Shareholders will receive one TMLCV share for ...

Fintech major Paytm has been facing an existential crisis ever since the RBI barred the payment bank from accepting any deposits or credits...

"The internal restructuring exercise was undertaken with a view to have greater synergies amongst the available statistical manpower and im...

Under banking guidelines, a Non-operative Financial Holding Company (NoFHC) is required to house a bank and other financial services units ...

Reliance Capital today said it will transfer its commercial finance division into a separate company to unlock the value through stake sale.

A government official told ET that there are some queries over the treatment of these bonds as banks are not allowed to issue such securiti...

Infrastructure financing firm IDFC Ltd today said it has received shareholders approval to its demerger scheme to set up a wholly-owned sub...

IDFC has sought shareholders' approval for demerging its financial undertaking into a new entity to be named 'IDFC Bank'.

In April last year, IDFC bagged a licence from the RBI to set up a bank. Besides, Bandhan Financial Services Pvt was another successful ent...

"The financial business which is a lending business already has a capital of approximately 5.5 thousand crores of core equity tier I."

Axis will subsequently transfer the business to a subsidiary, Axis Securities and Sales Ltd (ASSL), for a cash payment of Rs 274 crore.

Axis would now issue shares, acquire the businesses from Enam and "momentarily" hold the assets before transferring them to a subsidiary.

Private sector Axis Bank on Friday reported a jump of 27 per cent in net profit to Rs 942.3 crore for the first quarter ended June 30, 2011.

One of the biggest hurdles for the creation of holding companies in India has been the presence of dividend distribution tax(DDT).

Indiabulls Financial Services (IBFSL), one of the country’s fastest-growing financial service companies, has submitted a proposal to merge ...