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Axis Bank
Business  /  Published 28.10.18

Global ETF on the cards

The finance ministry plans to launch a global exchange-traded fund (ETF) to attract long-term investment from overseas large pension fund houses. The new ETF, which will be constituted after studying...
By PTI in New Delhi

Business  /  Published 28.04.20

30% Axis Bank stake in Max Life

Axis Bank is raising its stake in Max Life Insurance Company (Max Life) to 30 per cent in a move that will give the private sector lender more space in the domestic life insurance sector.Axis Bank hol...
By Our Special Correspondent in Mumbai

Business  /  Published 03.03.20

Reliance Capital shares tank on default

Shares of Reliance Capital on Tuesday fell 3.72 per cent following a default in interest payment of Rs 5.47 crore to two lenders.On Monday, the Anil D Ambani firm had told the stock exchanges that it ...
By Our Special Correspondent in Mumbai

Business  /  Published 22.01.20

Asset woes cloud bank earnings

Asset quality woes followed lenders into the December quarter of 2019 with RBL Bank reporting a rise in bad loans and provisions and Axis Bank recording an uptick in slippages.For RBL Bank, as provisi...
By Our Special Correspondent in Mumbai

Business  /  Published 07.12.19

Jaypee bid vote

Homebuyers and lenders of Jaypee Infratech will vote simultaneously on the bids of both state-owned NBCC Ltd and private sector firm Suraksha Realty to acquire the bankrupt realty firm, sources said. ...
By PTI in New Delhi

Business  /  Published 22.10.19

Tax blow triggers loss at Axis Bank

Axis Bank on Tuesday reported a net loss of Rs 112.08 crore on a standalone basis for the September quarter because of a one-time tax impact.The private sector bank had posted a net profit of Rs 789.6...
By Our Special Correspondent in Mumbai

Business  /  Published 25.04.19

Axis Bank back in black

A drop in provisions saw Axis Bank reporting a net profit of Rs 1,505.06 crore in the March quarter against a loss of Rs 2,188.74 crore a year ago.The country’s third largest private sector bank cam...
By Our Special Correspondent in Mumbai

Business  /  Published 11.02.19

SUUTI to sell up to 3% stake in Axis Bank

The Specified Undertaking of the Unit Trust of India (SUUTI) is selling part of its stake in Axis Bank. The SUUTI is looking to sell close to 3 per cent of the private sector lender, which may yield t...
By Our Special Correspondent in Mumbai

West Bengal  /  Published 05.01.20

Money lost in app swindle

A classical vocalist allegedly lost over Rs 63,000 from two of his bank accounts after he downloaded an app that allows one to access another person’s phone from a remote location on the advice of a...
By Our Special Correspondent in Calcutta

Business  /  Published 29.12.18

Infibeam scraps deal to buy Snapdeal unit

Infibeam Avenues, an e-commerce firm, has terminated its deal to acquire Unicommerce, a subsidiary of Snapdeal.The company told stock exchanges in a filing on Friday that the share purchase agreement ...
By Our Bureau in Mumbai


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