A sharp rally in the private sector bank has seen IDBI Bank become the sixth most valued listed lender. The bank surpassed Bandhan Bank, YES Bank, and IndusInd Bank in market capitalisation ranking during the week.
India was frozen at the upper circuit for the third straight days, soaring 63 per cent in the past five trading days on the BSE. The company on Wednesday announced a global deal with Facebook to license its music for video and other social experiences across Facebook & Instagram.
“This partnership will allow users to choose from a wide variety of music to add to their social experiences such as videos, stories via music stickers, and other creative content. People will also be able to add songs to their Facebook Profile,” Saregama
said in a press release.
has surged 52 per cent during the week and re-entered the elite club of top-100 most valued Indian companies in terms of market valuation. The shares of the telecom services provider hit an over nine-months high today after the foreign brokerage CLSA issued a ‘buy’ rating on the stock with a 12-month price target of Rs 12. The foreign brokerage firm sees further upside from average revenue per user (Arpu) growth, likely adjusted gross revenue (AGR) resolution, and potential floor tariffs.
There are also reports that the global technology giant Google was in talks to buy a 5 per cent stake in Vodafone Idea.
The company, however, clarified on May 29 that it was constantly evaluating various opportunities but there was no proposal before the board of the firm as yet.
Chalet Hotels and Shoppers Stop have rallied 55 per cent and 54 per cent, respectively, after the government on Saturday said that restaurants, hotels, and other hospitality services would be allowed to function from June 8, along with shopping malls and complexes, as part of 'Unlock 1.0' strategy to resume economic activity.