STAKE Definition & Meaning

The difficultly for foreign banks has been more pronounced in retail operations, given the deep on-ground presence of Indian public sector and private banks. Foreign banks have found it an uphill task to grow market share in India barring a few areas. They sold over 12.65 crore equity shares of Suzlon, signaling a 92 basis points fall. The remaining is divided between small finance banks and regional rural banks.

India’s largest hospitality company by market capitalization, the IHCL is listed on both BSE and NSE. Tata group’s hospitality arm Indian Hotels Company (IHCL) announced on Thursday that it has acquired a majority stake in Brij Hospitality, which operates Brij Hotels, in a deal worth ₹193 crore. In November 2020, RBI had seized control of the struggling Lakshmi Vilas Bank (LVB) and forced a merger with the local unit of Singapore’s largest lender DBS Bank. The approval for a wholly-owned subsidiary comes a few months after Sumitomo Mitsui Banking Corp. bought 24.2% in Yes Bank in two transactions. In May, RBI said it has decided to grant in-principle approval to Dubai-based Emirates NBD Bank PJSC to establish a wholly-owned arm in India. RBI said that Sumitomo Mitsui Banking Corp. currently has operations in India in branch mode from its offices in New Delhi, Mumbai, Chennai and Bengaluru.

You can find the destination pages for popular categories in the Explore menu . Traduire Anglais en Arabe Traduire Turc en Anglais Traduire Néerlandais en Anglais

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. We advise investors to consult with certified experts before making any investment decisions. We remain focused on broadening our portfolio while strengthening in-house talent pool and execution capability.” Meanwhile, the adjusted profit (excluding exceptional items) was higher by 4.1% to ₹6114.1 crore. On a longer time frame of two years, Sun Pharma stock has rallied 28%, while in three years, it has jumped 65%.

Brij Hotels is recognised for creating immersive, locally rooted experiences that celebrate the country’s cultural diversity.” Hence, with this acquisition, IHCL’s total portfolio now stands at 610 hotels, including 253 properties that are currently under development and will be added in the coming years. “Brij’s presence in offbeat locations offers heterogeneity to IHCL’s portfolio in places such as Jaipur, Varanasi, Ranthambore, northern hills, the north east region and Goa, among others,” Chhatwal added.

Why is ‘-ed’ sometimes pronounced at the end of a word?

That was the first time the central bank had tapped a bank with a foreign parent to backstop an Indian rival. In the past, the regulator has allowed the local arm of a foreign bank to take over a domestic lender. This is the second foreign bank to receive a conditional nod from RBI to open a local subsidiary in eight months. If satisfied with certain compliances following this conditional nod, RBI said it will consider granting the foreign lender a licence to start its banking business under the new subsidiary. The Reserve Bank of India (RBI) on Wednesday said it has decided to Stake allow Sumitomo Mitsui Banking Corp. (SMBC) to operate a wholly-owned arm in India, four months after the Japanese financial services giant acquired nearly a quarter of private lender Yes Bank.

The company invested ₹1685.5 crore in research and development, which is 6% of the overall sales. With this, LIC’s stake in the blue-chip pharma stock has jumped to 5.004% from 4.996% earlier. Check the score based on the company’s fundamentals, solvency, growth, risk & ownership to decide the right stocks.

nvest Wisely With Smart Market Tools & Investment Ideas

• Meanwhile, the adjusted profit (excluding exceptional items) was higher by 4.1% to ₹6114.1 crore.
• Traduire Allemand en Anglais
• Shares of the company closed at ₹688, up ₹9.85, or 1.45% on Thursday.
• However, they own 5,36,91,22,731 equity shares, or 39.17 per cent in the company.
• Read the PDF version of ET newspaper.
• The remaining is divided between small finance banks and regional rural banks.

Traduire Arabe en Anglais Traduire Anglais en Thaï Traduire Allemand en Anglais Traduire Français en Allemand

In view of the increasing demand, IHCL plans to use this acquisition to strengthen its position as a leading player in India’s leisure tourism, especially in key cultural, spiritual and wildlife destinations. Through this acquisition, IHCL will gain ownership of the Brij brand, and together with its founding promoters, plans to expand its footprint in the boutique leisure segment of the country, as per the statement. Shares of the company closed at ₹688, up ₹9.85, or 1.45% on Thursday.

Your Reason has been Reported to the admin. Find this comment offensive? It has a ‘buy’ rating on Suzlon Energy with a target price of Rs 70. Shares of Suzlon Energy settled at Rs 49.01 on Wednesday, up 0.6 per cent for the day. We are also in the midst of some business development in Sri Lanka. When asked whether the brand will be restricted to India, they told PTI that, “We actually have an upcoming asset in Pokhara in Nepal, which is very experiential.

To upload videos, comment, or make playlists, you need a YouTube channel. You can also explore top and trending content on Charts for a comprehensive view of what’s currently popular across categories like Podcasts, Movie Trailers, Music Videos, and more. You can easily find destination pages for popular content categories by tapping the Explore menu .

Read the PDF version of ET newspaper. Buy low & sell high with access to Stock Score, Upside potential & more. Then ₹ 1749 for 1 year Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits. Login using your ET Prime credentials to enjoy all member benefits

Traduire Français en Anglais Traduire Anglais en Allemand

Interestingly, shareholding of Motilal Oswal Multicap Fund, which owned 1.02 per cent as of September 30, 2025, slipped below one per cent as its name was missing from key shareholders of the company for the December 2025 quarter. However, their stake stood at 1,39,28,93,394 equity shares or 10.16 per cent as of September 30, 2025. In fact, a clutch of foreign banks have exited certain businesses in India, the latest being Citibank which sold its consumer banking business for ₹11,603 crore to Axis Bank in 2023.

The stock is down over 34 per cent from its 52-week high at Rs 74.30 hit in May 2025. Mutual Funds trimmed their stake by 9 basis points to 4.82 per cent in Q3 from 4.91 per cent Q2. The stock dropped nearly 11 per cent between October-December period, whereas it is down over 18 per cent since November 2025. Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint.

14th century, in the meaning defined at sense 1 Before the 12th century, in the meaning defined at sense 1 Stream new documentaries from all across the world every day. Read the PDF version of TOI newspaper. Manage your money efficiently with this weekly money management guide.

US sales of Innovative Medicines have surpassed Generics for the first time during the quarter. For the first half of the financial year, the company’s sales grew 9.3% to ₹28,191.3 crore. The stock offered a return of 180% in five years and 115% in ten years. In the last one year, the pharma stock has remained flat as it declined 4%. The December quarter shareholding pattern is yet to be released. Analyze the market sentiments & identify the trend reversal for strategic decisions.

Grow your wealth with stock ideas & sectoral trends. Analysts remain optimistic, with Trendlyne data showing a “STRONG BUY” consensus from 10 analysts, and an average price target implying upside potential of around 45% from current levels. JM Financial said that Suzlon’s revenue may surge 34 per cent YoY on account of higher dispatches, while PAT may surge 40 per cent YoY in the December 2025 quarter.