Indian markets were unable to sustain their slight recovery in midday trading and fell half a percent, before the October series derivatives contracts expired. The S&P BSE Sensex was trading around 39,700 levels, down 220 points. The index hit an intraday low of 39,524. Meanwhile, the broader Nifty50 index hovered …
Read More »Axis Bank fourth quarter results: net loss of Rs 1,388 crore as provisions more than doubled to Rs 7,730 crore
[ad_1] New Delhi: Axis Bank posted a net loss of Rs 1,387.78 million on Tuesday for the quarter ending March 31 against a net gain of Rs 1,505.06 million in the same period last year. Analysts in an ET NOW survey had projected the number at Rs 1.9 billion rupees. …
Read More »Axis Bank will acquire a 29% stake in Max Life Insurance
[ad_1] Axis Bank’s board has approved the purchase of an additional 29% stake in Max Life Insurance, which will raise the private lender’s total stake in the insurer to 30%. Max Financial Services currently owns a 72.5% interest in Max Life and Mitsui Sumitomo Insurance (MSI) has a 25.5% interest. …
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