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Investor wealth hits record high of Rs 213 lakh cr, surges 109% from March 2020 low


Investor wealth hits record high of Rs 213 lakh cr, surges 109% from March 2020 low
Market cap of BSE-listed firms rose to Rs 213.28 lakh crore today against previous close of Rs 211.24 lakh crore
Aseem Thapliyal | May 10, 2021 | Updated 18:11 IST
Investor wealth has surged by a huge 109.38% since last year s historic market crash in March.
Investor wealth hit all-time high of Rs 213 lakh crore on BSE today after Sensex and Nifty rallied for the fourth consecutive session led by gains in pharma and metal stocks. Market cap of BSE-listed firms rose to Rs 213.28 lakh crore today against previous close of Rs 211.24 lakh crore.
The rally in market wealth came after Sensex closed 295.94 points higher at 49,502 and Nifty jumped 119  points to 14,942. ....

Ruchit Jain , Gaurav Ratnaparkhi , Head Of Technical Research , Union Budget On , Union Budget , Senior Analyst , Angel Broking , Technical Research , Bollinger Band , ருச்சிட் ஜெயின் , தலை ஆஃப் தொழில்நுட்ப ஆராய்ச்சி , தொழிற்சங்கம் பட்ஜெட் ஆன் , தொழிற்சங்கம் பட்ஜெட் , மூத்தவர் ஆய்வாளர் , தேவதை தரகு , தொழில்நுட்ப ஆராய்ச்சி , பொலிங்கர் இசைக்குழு ,

Cabinet approves strategic divestment, management control transfer in IDBI Bank


Cabinet approves strategic divestment, management control transfer in IDBI Bank
The extent of respective shareholding to be divested by the Government of India and LIC shall be decided at the time of structuring of transaction in consultation with RBI.
BusinessToday.In | May 5, 2021 | Updated 18:32 IST
LIC is a promoter with management control in IDBI Bank with a stake of 49.24 per cent.
The Cabinet Committee on Economic Affairs on Wednesday gave its in-principle approval for strategic divestment and transfer of management control in IDBI Bank Ltd.
The Government of India (GoI) and Life Insurance Corporation (LIC) together own over 94 per cent stake in IDBI Bank. While LIC is a promoter with management control in the bank with a stake of 49.24 per cent, GoI is the co-promoter with 45.48 per cent stake. ....

Nirmala Sitharaman , Bank Ltd , Adani Enterprises , Union Budget On , Cabinet Committee On Economic Affairs , Life Insurance Corporation , Cabinet Committee , Economic Affairs , Reserve Bank , Minister Nirmala Sitharaman , Union Budget , வங்கி லிமிடெட் , அதானி நிறுவனங்கள் , தொழிற்சங்கம் பட்ஜெட் ஆன் , மந்திரி சபை குழு ஆன் பொருளாதார வாழ்க்கைத்தொழில்கள் , வாழ்க்கை காப்பீடு நிறுவனம் , மந்திரி சபை குழு , பொருளாதார வாழ்க்கைத்தொழில்கள் , இருப்பு வங்கி , தொழிற்சங்கம் பட்ஜெட் ,