TECH MAHINDRA, AXIS BANK SIGN AGREEMENTS TO ACQUIRE STAKES IN NEW COMPANIES

HIGHLIGHTS

• Tech Mahindra and Axis Bank have signed agreements with different companies to acquire stakes in them.
• Tech Mahindra will acquire a 70% per cent stake in Perigord.
• Axis Bank will be take an indirect stake in Max Bupa Health Insur...

AFTER TUESDAY RALLY, SENSEX PLUNGES 100 POINTS: NIFTY AROUND 11,150

Highlights

• The S&P BSE Sensex is trading at 37,935.59 levels, while the benchmark Nifty50 is at 11,163.70 points

• Axis Bank was the top Sensex gainer with jump of 6 percent, followed by Bajaj Finserv and ICICI Bank

• Maruti Suzuki, Hindustan Uni...

SENSEX SLUMPS 400 POINTS, NIFTY50 BELOW 10,300

Highlights

• The S&P BSE Sensex is trading at 34,746.09 levels, while the benchmark Nifty50 is trading at 10,252.25 points

• The S&P report forecasting fall in India’s growth rate has affected the investor sentiment

• Top Sensex laggards ...

AXIS BANK’S PRALAY MONDAL HEADS TO CATHOLIC SYRIAN BANK

Highlights

• Pralay Mondal, a graduate from IIT Kharagpur and a management graduate from IIM, Calcutta has nearly 30 years of banking experience

• Mr. Mondal served HDFC Bank for the period of 12 years before his stint at Yes Bank

• At the CSB Bank, Pr...

SENSEX TOPS 34,000, NIFTY RECLAIMS 10,000

Highlights

• The S&P BSE Sensex is trading at 34,226.26 levels and the benchmark Nifty50 is trading at 10,107.15 levels

• Most of the banking and financial organisations emerged as top Sensex gainers in the early morning trade

After the Prime of India, ...

SENSEX RALLIES 1,100 POINTS, NIFTY TOPS 9,900

Highlights

• At present, the S&P BSE Sensex is standing at 33,507.82 levels, while the benchmark Nifty50 index is trading at 9,885.80 levels

• Tata Steel and Axis Bank emerged as top Sensex gainers with rise of 6 percent

• According to the March qu...

SENSEX SLUMPS 350 POINTS, NIFTY BELOW 9,500 MARK

Highlights

• After falling by more than 350 points, the S&P Sensex reclaimed 32,000 mark and currently is trading at 32,086.54

• The benchmark Nifty50 index is trading at 9,486.50 levels

• UltraTech Cements, Tech Mahindra, Bajaj Auto, ITC, Asian Pa...

SENSEX GAINS 350 POINTS, AT 31,000, NIFTY RECLAIMS 9,100

Highlights

• Axis Bank emerged as top Sensex gainer with 5 percent gains

• Stocks of Mahindra & Mahindra, UltraTech Cement and ITC were in the list of the losers

• Asian shares shed their recent gains as investor concerns over rising tensions betwe...

Yes BANK MORATORIUM TO BE LOFTED SOON: ICICI, HDFC, AXIS & SBI TO INVEST

Highlights: 

• Cabinet approves RBI suggested reconstruction scheme for Yes Bank
• Moratorium might be lifted soon

Yes bank customers cam heave a sigh of relief as the moratorium on Yes bank is expected to be lifted very soon. The &...

CPI, IIP information peered toward

MUMBAI: Indian values exchanged higher on Thursday drove by gains in banking, auto, and metal stocks. The assembly, in its second day today, pursued advances in worldwide values after the US Federal Reserve kept up the norm on key strategy rates and flagged no rate change all through 2020 amid a ...

EaseMyTrip to become India’s first OTA by making initial public offerings of Rs 700 crore

EaseMyTrip plans to sell public shares of Rs 700 crore maiden, which will be the first travel agency to be listed on the Indian stock market, two people said. Two individuals are aware of developments and intend to submit the initial document, which is called the draft red herring prospectus, sho...

QCB (Qatar’s Commercial Bank) will issue bonds worth $500 million

Commercial banks are a large part of the financial institution system of the country. A commercial bank's primary source of revenue is the difference between the two rates charged to borrowers and paid to depositors. Commercial banks–ICICI Bank, State Bank of India, Axis Bank, and HDFC ...