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“There is no embargo on any further corporate actions. So we are planning what corporate actions need to be taken and have started initiating those. It is in the early stage of planning. I cannot really comment on what specific actions we are going to take but we are at the threshold of starting some of those actions.”

PM Narendra Modi met a number of American thought leaders during his US visit, including billionaire investor Ray Dalio.

Yes, because we continue to expand our branch network. I think by September, we intend to cross 1000 branch network. And then gradually, depending on our strategy and everything will grow our MSME home loan as well.

Construction and hospitality firm PKH Ventures plans to raise up to INR379 crore ($50m) through an initial public offering, with 50% of the net offer reserved for the qualified institutional buyer portion. The company will use the proceeds for investment in its construction subsidiaries, inorganic growth through acquisitions, and other general corporate purposes. As of December 2022, PKH Ventures reported revenues of INR125 crore and a profit after tax of INR28.6 crore. Its management services wing involves work for the Delhi police headquarters. IDBI Capital Markets is the bookrunning lead manager while Link Intime India is the registrar.

The robust demand was driven by retail investors, whose category was subscribed 4.38 times. While the non-institutional portion was subscribed 1.03 times, there were no bids yet from qualified institutional buyers.

The stock quoted a 52-week high price of Rs 2864.35 and low of Rs 2002.5.

A total of 1,357,404 shares changed hands on the counter till 12:51PM (IST)

As of 31-Mar-2023, promoters held 39.99 per cent stake in the company, while FIIs held 31.93 per cent and domestic institutional investors had 8.29 per cent.

​The second thing to bear in mind is that the rally, when I say it is global, you have seen the German DAX which is up 16% that is a new lifetime high. The French CAC is a near lifetime high. The Nikkei is at a lifetime high. So I think this rally is a global phenomenon, not limited only to Asia.

The much-awaited merger of HDFC Bank and HDFC is expected to be completed next month. Market experts predict that the announcement of the merger date will trigger further buying interest and lead to both stocks hitting record high levels. While HDFC twins have underperformed the Nifty in the last one-month period, both are trading 5% away from their respective 52-week high levels and are up 5-6% each in the last 3 months. The merged entity is likely to trade under the HDFC Bank ticker before July 20. An eligible shareholder will get 42 shares of HDFC Bank for every 25 HDFC shares held by them.