Latest Updates Around The World
Canara Bank on Friday raised Rs 3,500 crore of Additional Tier 1 (AT1) bonds at a coupon of 7.55% per annum, barely a week ahead of the Reserve Bank of India’s bi-monthly monetary policy announcement scheduled for December 4.This is the first issuance of AT1 bonds by a bank in this fiscal year, people aware […]
Indian shares ended flat on Friday with a negative bias, with the Sensex and Nifty swinging between red and green as investors locked in gains near record levels and weighed expectations of possible rate cuts in both the US and India alongside incoming domestic growth signals.The S&P BSE Sensex fell 13.7 points, or 0.02%, to […]
Markets moved higher on Thursday to hit a new record high, supported by favorable global cues. In addition to strength in US markets, optimism around possible rate cuts and easing in crude oil prices continued to support buying sentiment.“We expect the positive momentum to continue, with the Nifty gradually moving towards the 26,500 mark. On […]
Nifty’s 4% rally over the past three months has more scope to grow, says Prabhudas Lilladher (PL), who estimates the heartbeat index to reach its target of 29,094 in the next 12 months, implying 11% growth from current levels. PL has revised its targets upwards from 28,781, believing that economic momentum will pick up from […]
India’s subdued market phase may be coming to an end, with the next one to three years likely to be driven by a strong earnings rebound, said Aditya Sood, portfolio manager at InCred Asset Management. Over the past 15 to 16 months, we have seen flat market returns and corrections in small and midcaps, but […]
Vijay Mulbagal, Group Executive – Wholesale Banking Coverage, Corporate Pay, Sustainability and CSR, Axis Bank Axis Bank has launched its composite corporate salary program for employees of start-ups under its New Economy Group (NEG). Targeted at employees of funded startups and digital businesses, the program offers a zero-balance savings account, comprehensive insurance coverage, exclusive credit […]
Panel discussion on MSMEs organized by Axis Bank in Kozhikode. From left to right: James Abraham, SVP Axis Bank; Ajil Muhammed – CEO HiLITE Group; MA Ashraf – MD Feroz Boards; Shahabaaz Ali – Head of Bakery Ingredients and Specialty Fats Department – Parison Group Axis Bank hosted the 10th edition of Evolve, the multi-city […]
Banks have raised their expectations for credit growth for the current fiscal year, partly due to the GST rate cuts at the end of September, lower interest rates following a 100 basis point (bps) repo cut and the central bank’s relaxation of banking regulations. The country’s largest lender State Bank of India (SBI) noted that […]
Mutual funds have clustered in a handful of big names in 2025, with Axis Bank, Maruti Suzuki, SBI, ICICI Bank and SBI Life among the most overvalued stocks, each trading well above their index weighting. Conversely, several blue chip giants, including Reliance Industries, HDFC Bank, ITC and TCS, are noticeably underserved despite their dominance in […]
According to Dipan Mehta, director of Elixir Equities, the Securities and Exchange Board of India’s (SEBI) proposal to revise mutual fund fee rules to reduce costs for investors is unlikely to have a material impact on mutual funds or brokers. Speaking to ET Now, Mehta said the changes appear “marginal” and are mainly aimed at […]
