Latest news with #IDFCFirstBank
Business Standard
10-06-2025
- Business
- Business Standard
IDFC First Bank allots 25.16 lakh equity shares under ESOP
IDFC First Bank has allotted 25,16,455 equity shares under ESOP on 10 June 2025. Post allotment, the issued and paid-up equity share capital of the Bank stands increased from Rs 73,30,59,33,880/- comprising of 7,33,05,93,388 equity shares of Rs 10/- each fully paid-up to Rs 73,33,10,98,430/- comprising of 7,33,31,09,843 equity shares of Rs 10/- each fully paid-up. Powered by Capital Market - Live News
Mint
09-06-2025
- Sport
- Mint
BCCI confirms major shake-up for India's home season, key Test venues swapped. Check revamped schedule
BCCI has announced the revised international home season for Team India, along with updates to the South Africa A tour of the country later this year. One of the key changes is the relocation of the first Test match against South Africa in November from New Delhi to Kolkata. Announcing the new changes in a release, BCCI wrote, 'Team India (Senior Men) will be facing West Indies and South Africa across Test matches, One-Day Internationals (ODIs), and Twenty20 Internationals (T20Is) at home, with the IDFC First Bank Test series against West Indies starting on 2nd October 2025 in Ahmedabad. The 2nd Test against West Indies, originally slated for Kolkata, will now be held at the Arun Jaitley Stadium in New Delhi. Meanwhile, the 1st Test against South Africa, starting November 14, 2025, has been shifted from New Delhi to Eden Gardens in Kolkata.' Notably, with air quality levels in Delhi typically deteriorating as winter sets in, especially in November and December, this may have influenced the BCCI's decision to move the fixture. Apart from the venue swap for the West Indies and South Africa Tests, the board has also made changes to the women's ODI series against Australia. Due to pitch and outfield revamp work at MA Chidambaram Stadium in Chennai, the series has been moved. The first two matches will now be held at the New PCA Stadium in New Chandigarh, while the third ODI will take place at the Arun Jaitley Stadium in Delhi. Additionally, the South Africa Men's A team will face India A in multi-day and one-day matches from 30 October 2025. While two games will be played in Bengaluru as originally planned, the third will now be hosted at the Saurashtra Cricket Association Stadium in Rajkot.
United News of India
09-06-2025
- Sport
- United News of India
BCCI revises India's 2025 home cricket schedule
Mumbai, June 9 (UNI) The Board of Control for Cricket in India (BCCI) on Monday released the revised itinerary for the Indian international home season and the South Africa A tour of India in 2025, with key venue changes affecting both men's and women's fixtures. According to the updated schedule, India's senior men's team will take on West Indies and South Africa in a series of Tests, ODIs, and T20Is at home. The much-anticipated IDFC First Bank Test series against the West Indies will begin on October 2, 2025, at the Narendra Modi Stadium in Ahmedabad, while the second Test, initially planned for Kolkata, has now been shifted to Arun Jaitley Stadium, New Delhi. Similarly, the first Test against South Africa, scheduled for November 14, will now take place at Eden Gardens, Kolkata, instead of New Delhi. The second Test will be played in Guwahati, followed by ODIs in Ranchi, Raipur, and Visakhapatnam, and T20Is across Cuttack, New Chandigarh, Dharamsala, Lucknow, and Hyderabad. Due to ongoing pitch and outfield revamps at Chennai's MA Chidambaram Stadium, the ODI series between India Women and Australia Women has been relocated. The first two matches will be played at the New PCA Stadium in New Chandigarh, while the third and final ODI will be held in New Delhi. On the 'A' tours front, South Africa A will play two multi-day matches and three one-day games against India A. While the red-ball matches will go ahead at the BCCI Centre of Excellence (COE), Bengaluru, the one-dayers have been moved from Bengaluru to Saurashtra Cricket Association Stadium in Rajkot. Meanwhile, the Australia Men's A tour of India will see two multi-day games and three one-dayers, all of which are set to take place in Lucknow and Kanpur, respectively. Key Matches and Venues: West Indies Men's Tour of India: 1st Test: Oct 2–6, Ahmedabad 2nd Test: Oct 10–14, New Delhi South Africa Men's Tour of India: 1st Test: Nov 14–18, Kolkata 2nd Test: Nov 22–26, Guwahati ODIs: Nov 30 (Ranchi), Dec 3 (Raipur), Dec 6 (Vizag) T20Is: Dec 9 (Cuttack), Dec 11 (New Chandigarh), Dec 14 (Dharamsala), Dec 17 (Lucknow), Dec 19 (Hyderabad) India Women vs Australia Women ODIs: 1st ODI: Sept 14, New Chandigarh 2nd ODI: Sept 17, New Chandigarh 3rd ODI: Sept 20, New Delhi Australia Men's A Tour: Multi-day: Sept 16–19, Sept 23–26 (Lucknow) One-dayers: Sept 30, Oct 3, Oct 5 (Kanpur) South Africa A Tour: Multi-day: Oct 30–Nov 2, Nov 6–9 (BCCI COE, Bengaluru) One-dayers: Nov 13, 16, 19 (Rajkot) UNI BDN PRS
Mint
09-06-2025
- Business
- Mint
Nifty Bank hits record high, tops 57,000 as RBI-led rally in bank stocks extends to second day
Stock market today: The Indian stock market extended its winning streak to the second straight session on Monday, June 9, largely led by financials, as investors turned their focus to the sector after the Rerserve Bank of India (RBI) delivered a deeper-than-expected 50 basis point cut in the repo rate and an unexpected 100 basis point cut in the CRR last week, lifting expectations that both surprise moves will help the credit recovery in the economy and a rebound in banks' earnings. Amid this, all 11 constituents of the Nifty Bank index opened in the green, with stocks such as IDFC First Bank, Kotak Mahindra Bank, and Axis Bank gaining as much as 3%, pushing the index past the 57,000 mark for the first time to reach 57,049, up nearly 1%, and building on Friday's solid 1.50% gain. The Indian central bank has been taking a series of steps to boost liquidity in the system, with the latest repo and CRR cuts adding to the ongoing easing measures. The RBI has infused over ₹ 7 lakh crore into the banking system through OMO purchases in the last five months. It has been injecting funds since mid-January to counter a sharp decline in liquidity, which helped the banking system swing back into surplus from April. Meanwhile, bank credit growth moderated to 12% year-on-year in March 2025, sharply lower than the 16.3% expansion recorded in the same period a year ago, according to the latest data from the Reserve Bank of India (RBI). Following the RBI's deeper-than-expected 50 basis point cut in the repo rate and a surprise 100 basis point reduction in the CRR, global brokerages have turned incrementally positive on the Indian banking sector, particularly mid-sized private banks and select NBFCs. Nomura and UBS flagged that banks such as AU Small Finance Bank, IndusInd Bank, and IDFC First Bank stand to gain the most from improved liquidity conditions, while large banks like HDFC Bank and Axis Bank could also benefit, especially those facing deposit growth constraints. Jefferies sees potential upside in NIMs for fixed-rate lenders such as Mahindra Finance, Chola Finance, and SBI Cards, naming Bajaj Finance, Chola, and Shriram Housing Finance among top picks. Bernstein believes the announcements tilt more favourably towards banks over NBFCs, while Citi expects durable liquidity to aid sentiment for large private lenders. IIFL and Goldman Sachs highlighted the CRR cut's likely positive impact on NIMs, ROAs, and bottom lines, estimating a liquidity infusion of ₹ 2.5 trillion. While the frontloading of rate cuts signals concern over growth, analysts remain confident that the move enhances earnings visibility for the sector, particularly for mid-tier banks in FY26. "Frontloading of monetary easing implies nervousness regarding the GDP growth. While the expectation is that banks flush with more liquidity will want to lend more, we think that banking system loan growth at 9.8% yoy is unlikely to meaningfully accelerate (large corporates tapping capital markets vs. banks, slowdown in home loan growth. We expect the banking system to have loan growth of 11-11.5% in FY26," said IIFL. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
09-06-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend six shares to buy today
Stocks to buy under ₹ 100: Despite a tepid start on Friday, the Indian stock market closed with smart gains, helped by the Reserve Bank of India's policy actions, which included not just a higher-than-expected rate cut of 50 basis points (bps) but also a cash reserve ratio cut of 100 bps. This action gave a major leg up to the stock market bulls, driving the BSE Sensex higher by 746.95 points, or 0.92%, to settle at 82,188.99. Meanwhile, the 50-share NSE Nifty closed above the 25,000-level as it climbed 252.15 points, or 1.02%, to 25,003.05. Sectorally, rate-sensitive indices led the charge with Nifty Realty gaining 4.68%, Nifty Auto 1.52% and Nifty Bank 1.47%. Barring Nifty Media, all sectors closed in the green. The broader markets also rejoiced, with Nifty Midcap 100 advancing 1.21% and Nifty Smallcap 100 index gaining 0.81%. The outlook for the Indian stock market remains firm going ahead, according to analysts. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services, "We expect Indian markets to witness a gradual up-move, supported by positive sentiment following higher than anticipated rate cut by RBI and optimism surrounding a potential US-India trade agreement with officials from both sides meeting in New Delhi this week to finalise the first phase of the proposed deal." However, he cautioned that global headwinds, including unexpected shifts in US tariffs and ongoing geopolitical tensions, may induce volatility. Meanwhile, commenting on the Nifty 50 outlook today, Ajit Mishra – SVP, Research, Religare Broking, said: The Nifty has once again approached the upper band of its prevailing consolidation range of 24,500–25,100. A decisive breakout above 25,200 would mark the beginning of a fresh uptrend, with potential to gradually move toward the 25,600–25,800 zone. On the downside, the 24,400–24,600 range is expected to act as a strong support zone during any corrective phase. As for Bank Nifty, Ajit Mishra said that the banking index has finally broken above the key 56,000 mark after trading in a tight range for over a month. "We now expect it to move toward the 58,000 level, making this segment crucial for broader market direction. In case of a dip, the 55,350–56,000 range is likely to provide strong support," he added. Regarding stocks to buy today, market experts Sumeet Bagadia, Executive Director at Choice Broking; Sugandha Sachdeva, Founder of SS WealthStreet; Anshul Jain, Head of Research at Lakshmishree Investment and Securities and Mehul Kothari, Deputy Vice President - Technical Research at Anand Rathi recommended buying these six intraday stocks under ₹ 100: IDFC First Bank, HFCL, Confidence Petroleum, Dhani Services, GMR Airport, and NHPC. 1) IDFC First Bank: Buy in cash at ₹ 71.55, target price at ₹ 79, stop loss at ₹ 68 2) HFCL: Buy in cash at ₹ 91.42, target price at ₹ 101, stop loss at ₹ 86.50 3) Confidence Petroleum: Buy at ₹ 59.40, target price at ₹ 62.50 - 66.80, stop loss at ₹ 58 4) Dhani Services: Buy at ₹ 61, target price at ₹ 66, stop loss at ₹ 58 5) GMR Airport: Buy near ₹ 86, target price at ₹ 90 and stop loss at ₹ 84 6) NHPC: Buy near ₹ 89, target price at ₹ 93 and stop loss at ₹ 87 Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
