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Grapevine: ShareChat eyes funds from SAIF; Axis Bank in talks for PE funding

General

02 July, 2020

Grapevine: ShareChat eyes funds from SAIF; Axis Bank in talks for PE funding

Regional language social media platform ShareChat is looking to raise $200 million (Rs 1,510 crore at current exchange rate) from ......

Axis Bank ED Pralay Mondal quits, may lead another lender

Finance

16 June, 2020

Axis Bank ED Pralay Mondal quits, may lead another lender

Pralay Mondal, executive director for retail banking at Axis Bank, has resigned his position at the private-sector lender and maybe ......

Sensex, Nifty jump over 3% as banks surge on bargain hunting

Markets

27 May, 2020

Sensex, Nifty jump over 3% as banks surge on bargain hunting

Indian shares closed over 3% higher on Wednesday as value investors stepped in to buy beaten-down banking stocks, while Axis ......

Sensex, Nifty subdued after poor reaction to economic package

Markets

15 May, 2020

Sensex, Nifty subdued after poor reaction to economic package

Indian shares ended Friday little changed after details on the government's economic package failed to impress investors already worried about ......

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India Inc's revenue, profit pain intensified in Jan-March even before lockdown

Finance

13 May, 2020

India Inc's revenue, profit pain intensified in Jan-March even before lockdown

Corporate India’s financial performance began to worsen even before the economy faced the brunt of the lockdown due to the ......

Sensex, Nifty rise on Reliance Industries boost, but end week sharply lower

Markets

08 May, 2020

Sensex, Nifty rise on Reliance Industries boost, but end week sharply lower

Gains in Reliance Industries boosted Indian shares on Friday, but they ended the week sharply lower as coronavirus cases continued ......

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GIC took out $200 mn from Indian BFSI bets, invested more in two private banks in Q1

Finance

06 May, 2020

GIC took out $200 mn from Indian BFSI bets, invested more in two private banks in Q1

Singapore sovereign wealth fund GIC Pte. Ltd shuffled several of its investments in India’s listed banking, financial services and insurance ......

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Value Lens: Is the Axis Bank-Max Life Insurance deal deeply discounted?

Finance

06 May, 2020

Value Lens: Is the Axis Bank-Max Life Insurance deal deeply discounted?

Axis Bank’s deal to bump up its stake in Max Life Insurance Company Ltd has likely come cheap for India’s ......

Sensex, Nifty tumble as report warns of banking stress; HDFC slides

Markets

05 May, 2020

Sensex, Nifty tumble as report warns of banking stress; HDFC slides

A rally in Indian shares lost steam on Tuesday as banking stocks slid after a report warned of stress among ......

Indian stocks end at more than six-week high on HDFC boost

Markets

29 April, 2020

Indian stocks end at more than six-week high on HDFC boost

Indian shares hit a more than six-week closing high on Wednesday, driven by an HDFC-led rally in financials, while improved ......