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Friday, January 17, 2025    
Adani Enterp.  2399.80  (-28.05)  
 
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BSE
Friday, January 17, 2025    
Adani Ports  1163.40  (12.40)  
 
Asian Paints  2259.70  (43.30)  
 
Axis Bank  991.25  (-48.95)  
 
Bajaj Finance  7180.60  (-80.45)  
 
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IndusInd Bank  971.45  (-4.00)  
 
Infosys  1815.10  (-111.10)  
 
ITC  440.15  (7.35)  
 
Kotak Mah. Ban...  1758.65  (-46.60)  
 
Larsen & Toubr...  3568.50  (56.10)  
 
M & M  2917.95  (-62.85)  
 
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Zomato Ltd  248.75  (6.75)  
 

Hot Pursuit


IDBI Bank shares surge on disinvestment update
(17:14, 17 Jan 2025)
The bank on Thursday emphasized that the entire disinvestment process is being managed by the Department of Investment and Public Asset Management (DIPAM).

This clarification came after media reports suggested that the state-run lender has progressed to the next stage of its divestment process. According to these reports, the process advisor, KPMG, is expected to submit closing diligence soon. This crucial step will enable potential bidders to formulate their financial bids. The bidding process is anticipated to be completed by the next fiscal year.

IDBI Bank offers a wide range of products from savings and current bank account to loans for retail and msme customers or agri loans to farmers.

The bank's standalone net profit jumped 34.3% to Rs 1,860.80 crore while total income grew by 24.8% to Rs 8,812.79 crore in Q2 September 2024 over Q2 September 2023.

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