Trendlyne Blog: , Latest on stock market and finance in India and the world.

28 Apr 2025

801.75

0.01%

Higher wage provisions may dent SBI Q4 earnings

Economic Times

The bank's profit is expected to range between 16,000 crore and 20,000 crore, based on consensus estimates from five brokerages. This is a decline from more than 20,000 crore last year.

State Bank of India has an average target of 954.38 from 14 brokers.

Axis Bank Ltd.

27 Apr 2025

1193.60

-0.78%

Axis Bank plans to raise Rs 20,000 cr through stake sale, debt issuance

Business Standard

The Mumbai-based bank plans to raise 350 billion rupees ($4.1 billion) through local rupee bonds or foreign currency bonds, Additional Tier-1 bonds, infrastructure bonds and other debt, the bank said

Axis Bank Ltd. is trading above all available SMAs

Cholamandalam Investment & Finance Company Ltd.

27 Apr 2025

1578.80

-0.03%

Cholamandalam MS posts 8,328 cr gross premium in FY25

Business Line

Chola MS concluded the financial year with a net worth of 2,999 crore

KRChoksey downgraded Cholamandalam Investment & Finance Company Ltd. to Accumulate with a price target of 1627.0 on 05 May, 2025.

Punjab National Bank

27 Apr 2025

97.68

1.98%

Punjab National Bank's scam-hit branch in Mumbai now brews organic coffee

Business Standard

The Brady House branch of the Punjab National Bank (PNB) in Mumbai, infamous for a multi-million dollar scam involving diamantaire Nirav Modi and his uncle Mehul Choksi, has been turned into a cosy cafe. Patrons sit on comfy chairs and plush sofas, sipping steaming cups of organic coffee with light music playing in the background on the premises, a stark contrast to the chaos that erupted after the duo defrauded the bank of more than Rs 13,000 crore. The premises in the Brady House building in the Fort area of south Mumbai were once at the centre of one of the biggest financial scams to rock the country. Nirav Modi and his uncle Mehul Choksi allegedly siphoned off over Rs 13,000 crore of public money from the PNB using LoUs and foreign letters of credit (FLCs) by bribing officials of the bank's Brady House branch between March 2011 and November 2017. With Choksi's arrest in Belgium two weeks ago, the Brady House is again in the spotlight, but the operations of this branch were shif

Emkay upgraded Punjab National Bank to Buy with a price target of 125.0 on 08 May, 2025.

Punjab National Bank's Scam-Hit Branch In Mumbai Now Brews Organic Coffee

NDTV Profit | 27 Apr 2025

Tamilnad Mercantile Bank Ltd.

27 Apr 2025

448.75

-0.43%

Tamilnad Mercantile Bank Targets 1314% Deposit Growth In FY26

NDTV Profit

TMB aims to maintain net interest margin in the 3.8% to 3.9% range in FY26.

Tamilnad Mercantile Bank Ltd. is trading above all available SMAs

City Union Bank Ltd.

27 Apr 2025

190.74

3.71%

President Murmu returns to Delhi after attending Pope Francis' funeral mass

Business Standard

President Droupadi Murmu arrived here on Sunday after attending the funeral mass of Pope Francis in Vatican City. Francis, who was the first non-European Pope in nearly 1,300 years, died on Monday. He was 88. "President Droupadi Murmu arrived in Delhi after attending the funeral Mass of His Holiness Pope Francis," her office said in a post on X. Murmu had on Saturday attended the funeral mass at St Peter's Square in Vatican City. Union Minister for Parliamentary Affairs and Minority Affairs Kiren Rijiju, Minister of State for Minority Affairs George Kurian, and Deputy Speaker of Goa Legislative Assembly Joshua De Souza, who were part of the official Indian delegation led by the president, had also attended the ceremony. World leaders and a large number of Catholic followers attended the funeral of Pope Francis, who was buried in the side aisle of the Basilica of St Mary Major. President Murmu-led delegation reached Vatican City on Friday on a two-day visit to offer condolences on