Bank of India (BoI) shares jumped 2% to their day’s high of Rs 114.90 on the BSE on Wednesday, May 14, after the Life Insurance Corporation (LIC) announced that it has raised its stake in the public sector lender to 8.38% as of May 9.LIC's acquisition of approximately 2.026% additional stake occurred over a period spanning from September 2, 2021, to May 9, 2025, according to a stock exchange disclosure.The state-owned insurer's stake in BoI increased from 6.35% to 8.38% over the four-year period, highlighting its continued confidence in the bank’s performance and prospects.As of the quarter ended March 2025, the promoter and promoter group hold a 73.38% stake in Bank of India, while 26.62% equity is held by the public shareholders. Among other notable public shareholders, SBI PSU Funda
Mumbai | New Delhi: The Bar Council of India (BCI) has notified amended rules allowing foreign lawyers and law firms to practice international law in India, on a reciprocal basis, as part of a drive to make India a hub of international arbitrations.The decision by India's legal practices regulator will allow foreign law firms to establish their offices in India, provided their home countries extend the same opportunity to Indian lawyers.Foreign lawyers and law firms can advise clients on transactional and corporate work such as joint ventures, mergers and acquisitions, intellectual property matters, drafting of contracts and other related topics.However, they will not be permitted to appear before any courts, tribunals or other statutory or regulatory authorities.They will also not be allo
The Indian market closed in the red on Tuesday, giving up gains from the sharp rally seen in the previous session. The BSE Sensex fell nearly 1,300 points, while the Nifty50 closed below the 24,600 mark.Sectorally, buying was seen in consumer durables, healthcare, and capital goods, while selling pressure emerged in utilities, power, FMCG, and IT stocks.Stocks that hit fresh 52-week highs included BSE, which surged over 5%, Redington, which rose more than 4%, and APL Apollo Tubes, which pared intraday gains to close 0.6% higher on Tuesday.We spoke to an analyst for an educational perspective on how to approach these breakout stocks in the next trading session:Analyst: Rajat Kulshrestha, My Mudra Fincorp Pvt LtdBSEThe stock broke out of a strong resistance zone between Rs 6,652 and Rs 6,859