Page 20 - Axis Bank

Top headlines: Celebs under scanner for GST evasion, Meta lays off 11,000

Business Standard brings you the top headlines this hour

Indian govt to sell 1.55% stake in Axis Bank via offer for sale: SUUTI

Floor price for the offer is 830.63 rupees per share, it added. The offer will be concluded over Thursday and Friday, with non-retail investors bidding on first day and retail investors on second day

Govt to exit Axis Bank with 1.55% stake sale, expects to garner Rs 4,000 cr

In May last year, the government sold of 1.95 per cent stake in Axis Bank held through SUUTI for a consideration of about Rs 4,000 crore

Axis Bank increases interest rates on FDs by up to 115 basis points

For deposits maturing in the next seven days to 10 years, Axis Bank is now offering interest rates that vary from 3.5% to 6.50% for the general public and from 3.5% to 7.25% for senior persons

Axis AMC eyes Rs 200 crore from new state securities-focused fund

Axis Mutual Fund expects to mop up at least Rs 200 crore from its new fund offer that tracks the Nifty' SDL or state government securities during the primary sales period. The open-ended target maturity index fund will invest in the constituents of the Nifty SDL September 2026 index, the fund house said in a statement on Friday. The New Fund Offer (NFO) opens on Friday and closes on November 16, it said without disclosing how much the company is targeting to garner. However, Raghav Iyengar, the chief business development officer at the fund house, told PTI that the company has set an internal target of garnering at least Rs 200 crore during the NFO. The company said the fund, which has no exit load, will be managed by Aditya Pagaria. Being a debt fund backed by the respective states, the NFO is an open-ended target maturity index fund and has relatively high interest rate risks and relatively low credit risks. The investment objective of the scheme is to provide investment returns

Bain Capital sells 16.7 million shares in Axis Bank for Rs 1,497 crore

Bain Capital sold nearly 16.7 million shares, equalling a 0.5 per cent stake in private sector lender Axis Bank

Axis Bank slips 2% after 1.2% equity changes hands on BSE via block deal

At 09:15 AM, around 38.99 million shares representing 1.2 per cent of total equity of Axis Bank changed hands on the BSE, the exchange data shows.

Top headlines: Customs, excise mop-up, 42 companies approved for PLI & more

The government set a target of Rs 3.35 trillion for excise and Rs 2.13 trillion for Customs mop-up for FY23 while presenting the Budget in February

Stocks to Watch: Bharti Airtel, Tata Steel, Axis Bank, L&T, Zomato, Castrol

Stocks to Watch today: Bharti Airtel's (Airtel's) consolidated net profit jumped 89% year-on-year (YoY) to Rs 2,145 crore in the second quarter (Q2) of 2022-23, led by strong revenue growth

Bain Capital likely to sell stake in Axis Bank through a block deal

Media reports suggested and were conformed by some industry sources that Bain Capital will dilute a 1.24 per cent stake in the lender worth Rs 3350 crore

Credit card base of major issuers erodes in Q2 over RBI's norms

SBI Card was exception as gains card base, market share

Credit card spends touch record high of Rs 1.22 trillion in September

Banking system saw a net reduction of close to 290,000 cards during this period, impacted by RBI norms warranting deactivation of cards that are inactive for a year

Indices finish in green for 6th straight day; bank, FMCG stocks up

Recovering after a sharp sell-off in later afternoon trade, the 30-share BSE Sensex ended 104.25 points or 0.18 per cent higher at 59,307.15.

Axis Bank Q2: Analysts see up to 28% upside on sustained earnings growth

Axis Bank shares hit a record high of Rs 905 on the BSE on Friday, surging 9.5 per cent in the intra-day trade, after the bank beat Street's September quarter earnings' expectations across parameters

Axis Bank shares jump over 9% post earnings announcement; mcap climbs

Shares of Axis Bank rallied over 9 per cent on Friday after the firm reported a 66.29 per cent jump in consolidated net profit for the September quarter. The stock jumped 8.96 per cent to settle at Rs 900.25 apiece on the BSE. During the day, it advanced 9.53 to its 52-week high of Rs 905. On the NSE, it rallied 9.46 per cent to end at Rs 904 apiece. Its market capitalisation (mcap) also jumped Rs 22,757.86 crore to Rs 2,76,592.86 crore. The stock emerged as the biggest gainer on both Sensex and Nifty. In volume terms, 19.64 lakh shares of the firm were traded on the BSE and 5.80 crore shares on the NSE during the day. The 30-share BSE benchmark climbed 104.25 points or 0.18 per cent to settle at 59,307.15. On Thursday, Axis Bank reported a 66.29 per cent jump in consolidated net profit for September quarter at Rs 5,625.25 crore, driven by a substantial decrease in bad loan provisions and margin expansion. On a standalone basis, the third largest private sector lender reported

Markets end marginally up on Friday; Sensex, Nifty down 1% in Samvat 2078

The BSE MidCap index fell about 4 per cent in Samvat 2078, while the BSE SmallCap index added 0.4 per cent

Q2 impact: Upside of up to 14% on cards for ITC, Axis Bank, Dixon Tech

Among prominent stocks, ITC, Dixon Technologies, Axis Bank and Bajaj Finance seem poised to rally up to 14 per cent; whereas Asian Paints is seen testing the crucial 200-DMA level at Rs 3,131.

Here's why Mehul Kothari expects Axis Bank to hit Rs 1,000-mark

According to the technical analyst from Anand Rathi, a weekly close above Rs 825, can potentially trigger a massive rally in Axis Bank up to Rs 1,000-mark.

Stocks to Watch: Axis Bank, ITC, Asian Paints, Bajaj Finance, YES Bank, RIL

Stocks to Watch: The Competition Commission of India (CCI) has approved Carlyle Group and Advent International's acquisition of up to 10 per cent stake each in YES Bank

Committed to Axis deal; will follow earlier methodology: Max Life CEO

Max Life and Max Financial Services are committed to going ahead with the deal with Axis Bank, which will see the latter acquire another 7 per cent stake in the life insurance company, said the CEO