Bain Capital sells 1.08% in Axis Bank for Rs 3,575 croreSome of the buyers included Birla MF, Blackstone, BofA Sec, Mirae MF, Nippon India MF, Nomura, Norges Bank, T Rowe Price, among others.
BofA's Merrill Lynch, Wells Fargo offering spot bitcoin ETFs to clientsThe ETFs have been available to clients for weeks, a source familiar with Bank of America's plans told Reuters on Thursday. This comes on t...
Timken India shares tumble 11% after promoters offloads stakeTimken Singapore, the parent of Timken India, sold up to 8.4% stake, or 63 lakh shares, in its India-listed firm for INR 1,890 crore throug...
Singapore parent to sell up to 8.4% in Timken IndiaAccording to the term sheet issued by BofA Sec, Timken Singapore has fixed the floor price at 3,000 a share, a 14% discount to Monday’s clo...
Sell Nifty@18,000, buy when it dips to 16,000: BofA SecuritiesBofA Securities recommends investors to book profits in Indian equities and advises buying into the dips if Nifty50 moves towards 16,000 le...
BofA Sec downgrades Bharti Airtel to underperform, slashes target by 22%Citing the downside risks to earnings, the brokerage has cut the earnings per share (EPS) estimates for FY24 and FY25 due to a slower-than-...
Gold may zoom to Rs 82,000 per 10gm by end 2021: AnalystsIn the international market, gold is currently trading at about $1,750 level.
‘Drawing excess capital funds from RBI won’t hit India’s ratings’BofA Merrill Lynch said that the RBI Act permits transfer of past excess reserves.
Use of RBI's excess reserves not to hurt India's rating: BofA-MLThey opined the high non-performing loans in the system do not require additional capital to be kept aside by the Reserve Bank.
Bimal Jalan panel may peg RBI's excess capital at Rs 1-3 lakh croreTransfer of excess RBI capital to the government will not impact liquidity if it is used for bank recapitalisatiin, the firm said in a repo...
What’s in store at Nov 19 RBI board meet: No give & take, no solutionIn October, RBI Deputy Governor Viral Acharya raised the issue of independence of RBI.
Grexit may stall FPI inflows into India: Bank of America Merrill LynchIn case of Greece's exit from Eurozone, FPI equity inflows into India could stall as markets would swing to risk-off mode, said BoFA-ML.
After 18 years, Igate to delist from NasdaqIT services company Igate is going to delist from the Nasdaq less than a month after French major Capgemini agreed to acquire it in a $4.04...
- Mukesh Ambani gets fresh Bank of America shares; sells some for taxes
Ambani had joined the Bank of America (BofA) board in March, 2011 and its shareholders approved his re-appointment for another year at the ...
- US companies facing federal charges in wake of crisis
The govt has launched civil cases against financial cos in the wake of the housing market's collapse and ensuing banking crisis. Top gainer...
- BOFA Ex-BofA chief took home a paltry $4.18 mn in '09
Bank of America (BofA), which was ravaged by the financial crisis, doled out a paltry USD 4.18 million to its former chief executive Kennet...
- BofA to face SEC trial, exits loss-sharing deal
Bank of America Corp. now faces a trial with the Securities and Exchange Commission over billions in bonuses paid at Merrill Lynch.