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IDFC First to raise Rs 7,500 cr in equity capital

Updated at : 2025-04-18 09:20:03

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IDFC First Bank is set to raise ₹7,500 crore through CCPS, with Warburg Pincus and ADIA investing ₹4,876 crore and ₹2,624 crore respectively. This move aims to bolster the bank s capital adequacy as it focuses on expanding its infrastructure and new business segments.

Indian markets jumped over 2% after the U.S. announced tariff exemptions for electronics. Sensex rose 1,577 points and Nifty gained 500. Stocks like Intellect Design, Macrotech, Motherson, Sona BLW, and Premier Energies posted strong gains.

U.S. stock index futures were subdued on Tuesday, as investors tried to gauge the possibility of a tariff relief for the auto sector after President Donald Trump hinted at more exemptions.

The Indian rupee rose on Tuesday, diverging from most Asian peers, aided by likely dollar inflows into local stocks, although traders said volatility is likely to persist until there is clarity on U.S. tariffs.

Copper prices dipped 0.58% to Rs 842.15/kg on Tuesday after Monday’s rally driven by U.S. tariff exemptions on China. Markets remain cautious amid supply concerns and weak manufacturing outlook. Resistance lies between Rs 860–875 ahead of potential upside.

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On Tuesday, 7 stocks from the BSE 500 index hit their 52-week highs, including Coromandel International and Eicher Motors, showing strong performance with significant recent gains.

Market investors added Rs 18.42 lakh crore to their wealth in two days of sharp rally in equities echoing a rally in global equities after US President Donald Trump relaxed some of the tariffs on electronics products and hinted at duty revision for automobiles.

Citigroup profit surges as stock trading jumps 23%

Updated at : 2025-04-16 16:40:02

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Citigroup s profit surged in the first quarter as its traders reaped a windfall from volatile markets that fueled client activity.

Markets regulator Sebi on Tuesday barred Kalapi Shah, responsible for conducting business of Teji Mandi Analytics Private Ltd (TMAPL), from the securities market for five years, for flouting portfolio management services rules.

ICICI Prudential Life reported a 122% YoY rise in Q4FY25 profit to Rs 385 crore. FY25 PAT grew 40%, VNB stood at Rs 2,370 crore with a 22.8% margin. APE crossed Rs 10,000 crore. Strong growth seen in annuity, protection, and sum assured metrics.

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