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"The bank proposes to raise funds by issuing Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long-Term Bonds (Financing of Infrastructure and Affordable Housing) up to total amount of ₹50,000 crores over the period of next 12 months through private placement mode," the lender said in an exchange filing.

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According to the bulk deal data available with the exchanges, PGIM India MF has sold about 60.3 lakh shares or 4.6% stake in the company, while ICICI Pru MF has lapped up the same number of units in open market transactions. The deal was executed at a weighted average price of Rs 183.10

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On Tuesday, Venus Pipes shares closed 0.52% higher at Rs 785 on NSE. So far this year, the stock has rallied 9.77%. The shares have given multibagger returns to investors in the last one year period, rising as much as 121%.

Post the above mentioned 3 transactions, Tiger Global’s holding has come down to a marginal 0.68%. This to an extent removes the overhang of any further selling by the foreign firm in the company.

By understanding the impact of taxation on equity investments in India, investors can make informed investment decisions and optimize their returns while minimizing their tax liability.

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Dow rises 0.23 point, S&P 500 opens higher by 1.18 points & Nasdaq Composite drops 4.11 points

Equity investors gained over Rs 12.56 lakh crore in just seven days of the market rally amid constant foreign capital inflows and steady global trends. Supported by the ongoing rally, the market capitalisation of BSE-listed firms increased by Rs 12,56,510.59 crore to Rs 2,64,51,069.93 crore in seven days. The benchmark Sensex rose 2,544 points or 4.41% during the past seven days. With the market heading northwards, the optimistic signs, such as stable GST collections, mixed economic growth numbers, and status quo on interest rates from the RBI, are giving investors the ammunition to invest in domestic stocks.