Stocks slipped in morning trading on Wall Street Monday to kick off a holiday-shortened week. The S&P 500 fell 0.4% as of 10:15 am Eastern. The tech-heavy Nasdaq fell 0.7%.The Dow Jones Industrial Average fell 24 points, or 0.1%, to 33,725. The index held up better than the rest of the market largely because of a 7% jump by Walt Disney after the entertainment giant announced that it had ousted CEO Bob Chapek and brought back his predecessor, Bob Iger, to replace him.

Vinod Nair, Head of Research at Geojit Financial Services, "Domestic market is now focusing on global trends for future direction due to lack of domestic triggers. Negative vibes in the developed market and aggressive comments from Fed officials have shaken the ongoing optimistic trend across the globe. Despite a late attempt of recovery, the domestic market largely traded with a negative shade, in all sectors except PSU banks."

​​The bank has received an intimation from the RBI on November 16, 2022, that it has granted approval to DSP Investment Managers Private Ltd (DSPIM) to acquire up to 9.99 per cent of the paid-up equity capital of the bank through the schemes of DSP Mutual Fund (DSPMF), Equitas SFB said in a regulatory filing on Thursday.

Equitas Holdings Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 3593.92 Crore) operating in Holding Company sector.

IT major Tata Consultancy Services has been selected by Finnish stainless steel company Outokumpu to transform its IT landscape with an agile and secure cloud-based digital core to reduce its carbon footprint and support its strategic aspirations.

Under the scheme of amalgamation between ESFB and Equitas Holdings, all the assets held by the promoter, including its investments in ETPL, have to be transferred to and vested in ESFB.

​Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas, said: Nifty tested multiple support parameters on the downside, which were present near 16,300, including 20 DMA, a falling trendline and the lower end of a rising channel.

Nifty50 formed a bearish candle on the daily chart with an upper wick, suggesting selling at higher levels. During the day, the index tested the 16,400 level.

"I request the board to look for a successor to my current position. I would be happy to be of help in identifying my successor, who, I am confident, would steer the bank in its next phase of growth." Vasudevan said in a letter to chairman of the board Arun Ramanthan.

Motilal Oswal is bullish on Equitas Holdings recommended buy rating on the stock with a target price of Rs 150 in its research report dated May 05, 2022.

Net Interest Income (NII) is expected to increase by 23.5 percent Y-o-Y (up 2.5 percent Q-o-Q) to Rs. 554.1 crore, according to Motilal Oswal.

"In the coming week, 17,600 followed by 17,400 are likely to provide some cushion for the index and till the time, we do not close below these key levels, we would continue with our 'buy on decline' strategy," Sameet Chavan, Chief Analyst-Technical and Derivatives at Angel One, said

Online food delivery service provider Zomato plans to deliver food to its customers in record 10 minutes, following the footsteps of grocery delivery companies, Deepinder Goyal, the founder said in a tweet.

“The demand for loans from the informal sector borrowers continues to remain very strong," managing director PN Vasudevan said.

"Since ETPL is not engaged in financial services, the company is required to fully divest its investment in ETPL. Accordingly, the board of directors in its meeting held on January 7, 2022, approved sale of its entire shareholding in the company's subsidiary, ETPL," Equitas Holdings said in a regulatory filing on Saturday.

The environment is ripe for Silicon Valley to encroach into banking. Equitas doesnt have a pre-existing relationship with the Google Pay customer to whom its marketing fixed-term products.

Equitas Holdings Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 4198.89 Crore) operating in Holding Company sector.

In another transaction, CDC Group sold 4.6 million shares of Equitas Holdings at Rs. 130 per share through a bulk deal on the NSE.

Shares of Equitas holdings jumped 9 per cent to Rs 135.70 on Tuesday.

On Monday, Equitas Small Finance Bank soared 19 per cent to Rs 76.75, whereas shares of Ujjivan Small Finance Bank jumped 11 per cent to Rs 33.8.

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Equitas Holdings Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 3320.49 Crore) operating in Holding Company sector.