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.
On August 11, 2014 08:50 (IST)
In the short-term, markets look over-sold. However, the fear factor will limit upsides as global geo-political risks continue to dominate headlines. Indian corporate results have met or exceeded expectations, so any weakness due to weak global cues s...
On August 01, 2014 14:02 (IST)
et tax receipts during the April-July period stood at Rs 99,087 crore. On Friday, Finance Minister Arun Jaitley told the Parliament the fiscal deficit target for the current fiscal year is "daunting".
On July 29, 2014 10:29 (IST)
If interest rate in the US rises, then the Reserve Bank will find it difficult to cut rates because the rate differential between the two countries will reduce, which may result in some money flowing out of India's bond and equity markets.
On July 28, 2014 13:57 (IST)
The bank had fixed July 30 as the record date for the stock split. Investors who hold the stocks in their demat account as on July 30, will be entitled to get 5 stocks of Rs 2 face value for each stock of Rs 10.
On July 23, 2014 09:16 (IST)
The Nifty opened above 7,800 marks on Wednesday as indicated by futures trade on Singapore Stock Exchange. Both foreign and domestic investors remained net buyers of Indian equities on Tuesday. FIIs bought shares worth Rs 412 crore and domestic inves...
On July 22, 2014 16:48 (IST)
Axis Bank's net profit was partially boosted by lower provisions. Its provisions for bad loans reduced drastically to Rs 386.6 crore in April-June quarter against Rs 712.25 crore in the same quarter last fiscal.
On July 22, 2014 09:03 (IST)
Axis Bank's profitability as measured by net interest margin is seen at 3.6 per cent against 3.7 per cent last quarter and its gross non-performing assets is estimated at 1.3 per cent of its total assets against 1.2 per cent quarter-on-quarter.
On July 22, 2014 09:16 (IST)
The Nifty opened higher on Tuesday as indicated by futures trade on Singapore Stock Exchange. Foreign Institutional remained net buyers of Indian equities to the tune of Rs 161 crore whereas domestic investors sold shares worth Rs 181 crore on Monday...
On July 16, 2014 16:59 (IST)
The BSE Sensex rose over 1 per cent on Wednesday, gaining for the second consecutive session, as lenders and infrastructure-related companies such as IDFC Ltd surged after the Reserve Bank of India (RBI) exempted long-term bonds raised for the sector...
On July 16, 2014 18:15 (IST)
Bonds raised by banks would be exempt from the statutory liquidity ratio, cash reserve requirements and priority sector lending targets. This will help create new sources of long-term finance and will help remove the disadvantage banks had vis-a-vis ...
On July 15, 2014 17:00 (IST)
Oil and Natural Gas Corp rose 2.5 per cent on continued hopes that the government would sell a stake in the state oil firm.
On June 30, 2014 15:24 (IST)
BSE Sensex and Nifty were higher on Monday buoyed by positive Asian markets and an easing of oil prices. A higher rupee also aided the sentiment. The rupee rose to 60 against the dollar vs it Friday close of 60.09.
On June 08, 2014 19:43 (IST)
With an addition of over 10,000 jobs last fiscal year (2013-14), ICICI Bank has overtaken rival HDFC Bank as the biggest employer in the private banking space with more than 72,000 employees.
On May 25, 2014 18:41 (IST)
A bank employees' union has asked the government to reject the Nayak committee recommendations on bank privatisation saying the report would not be against national interest.
On May 20, 2014 12:04 (IST)
In the private bank segment, its top picks remain ICICI Bank, Axis Bank and Yes Bank whereas in the PSU segment Bank of Baroda, Punjab National Bank and State Bank of India.
On May 19, 2014 21:52 (IST)
Last week, an RBI working committee headed by former Axis Bank chairman P J Nayak had suggested the government to cut its holding in public sector banks to below 50 per cent.