On October 26, 2014 16:57 (IST)
At least two banks, the third largest private sector lender Axis Bank and the south-based Federal Bank, have said they have not classified KFA, Mallya and his senior officials as wilful defaulters.
On October 23, 2014 14:36 (IST)
Buying by foreign funds, a stable government at the centre and hopes of big bang reforms have lifted domestic stock markets to record highs in Samvat 2070.
On October 20, 2014 12:54 (IST)
Axis Bank , which reported its second quarter earnings on Friday, was the top gainer on the banking sub-index on the BSE. Nomura on Monday raised its target price on Axis Bank from Rs 460 to Rs 490 citing a beat in its pre-provision operating profit ...
On October 20, 2014 10:36 (IST)
The Nifty opened with sharp gains on Monday as indicated by futures trade on Singapore Stock Exchange and on the back of positive domestic cues. Foreign investors continued to be net sellers of Indian equities on Friday as they have sold stocks worth...
On October 17, 2014 21:45 (IST)
The bank, the third largest among the private sector lenders, had reported a post-tax net of Rs 1,362 crore in the corresponding period last year.
On October 16, 2014 18:21 (IST)
Axis Bank Ltd, India's third-biggest private sector lender, said on Thursday it cut its base lending rate by 10 basis points, effective October 15, becoming the first bank to cut lending rate in recent months.
On October 14, 2014 12:59 (IST)
The Bank Nifty recovered sharply to trade 0.42 per cent higher at 15,744 after hitting a low of 15,560 during the intra-day. Axis Bank gained 2.4 per cent higher, while IndusInd Bank was up 2.2 per cent at Rs 649.
On October 13, 2014 15:44 (IST)
Amid investors fearing the prospect of a global slowdown and the end of US monetary stimulus, worries are growing that India will be hit by tumbling markets worldwide.
On October 08, 2014 15:08 (IST)
The government plans to raise around Rs 5,000 crore ($813.4 million) this fiscal year (2014-15) by selling stakes in companies including ITC, Larsen & Toubro and Axis Bank, a senior official with knowledge of policymakers' discussions said on Wednesd...
On October 03, 2014 12:24 (IST)
Against the backdrop of payment crisis at FTIL group firm National Spot Exchange Ltd (NSEL), the regulator in May had directed the company to sell stake in the power exchange by September 30.
On September 30, 2014 12:35 (IST)
The Reserve Bank of India (RBI) kept its key policy repo rate unchanged at 8.0 percent on Tuesday, as widely expected, while expressing concern about risks to its target to bring consumer inflation down to 6 percent by January 2016.
On October 08, 2014 18:31 (IST)
The DDA has authorised 13 banks to sell application forms for its residential scheme. These banks are State Bank of India, Punjab National Bank, Syndicate Bank, Union Bank of India, IDBI Bank, Corporation Bank, Central Bank of India, Kotak Mahindra B...
On September 16, 2014 21:49 (IST)
The BSE Sensex and Nifty fell over 1 per cent on Tuesday, posting their biggest single-day decline in 1-1/2 months as blue-chips slipped on caution ahead of the Federal Reserve's two-day meeting while foreign portfolio sales also weighed on sentiment
On September 03, 2014 23:33 (IST)
Fitch Ratings on Wednesday reaffirmed long-term issuer default ratings (IDRs) of nine banks including State Bank of India (SBI), Bank of Baroda (BoB), Punjab National Bank (PNB) and ICICI Bank at 'BBB-' and also retained their credit rating as 'stab...
On August 28, 2014 08:44 (IST)
Global cues have turned benign with S&P 500 index in the US pausing around 2,000, while Dow Jones Average also consolidating above 17,000. The sharp rally in the Bovespa (Brazilian Stock Index) has caught most by surprise as it is now the best perfor...
On August 25, 2014 10:47 (IST)
JP Morgan says it is bullish on private lenders such as Axis bank, ICICI Bank and HDFC Bank because of improving external macroeconomic situation. The second half of 2014-15 fiscal should witness better growth, said the brokerage.
On August 13, 2014 08:35 (IST)
The rupee has been steady and expectation of positive ratings from overseas credit ratings will also support the markets. The Nifty is likely to stay above 7,700 today.