The Flipkart Big Billion Days 2023 sale will begin on October 8 and run for a week, with Flipkart Plus members getting a 24-hour head start. Discounts of up to 90% on fashion items and up to 80% on beauty, home decor, and sports products are expected. Special discounts and cashback offers will be available for customers using credit cards.

"We see recent softness driven by higher oil prices as an opportunity to raise exposure," said Nomura's analysts including Chetan Seth, Anshuman Agarwal, and Ankit Yadav in the firm's Asia strategy note to clients. "While this weakness may persist in the near term, thus presenting even better timing, we think the window of opportunity might not be open for too long."

The likes of Axis Bank, Motilal Oswal Financial Services and IIFL Finance are rolling out measures such as employee stock ownership plans (ESOPs) across the ranks, including the frontline workforce, internal career switch opportunities with promotions and salary increase, quarterly incentives, learning and upskilling opportunities, and festival bonuses, with an aim to create more career growth and earning opportunities at a time when poaching has become rampant.

Indian households' net financial savings have decreased, posing a threat to the government's capital investments. This decline in savings limits resources for the rest of the economy and could require the government to rely on volatile foreign capital. Rising debt levels and stagnant income contribute to this trend, potentially indicating rising inequality.

Got a new debit or credit card? Make sure to activate its card control mechanism first either using the bank's mobile/net-banking application or at branch. Without activating the card controls, the debit or credit card will not work either offline or online.

Analysts expect the stock to underperform in the near future, while investors might shift focus to peers such as ICICI Bank and Axis Bank.

The remarkable surge in these large-cap stocks to their 52-week highs on September 20 underscores the strength and potential of the Indian stock market.

On September 18, Monday, StockEdge highlighted 25 stocks in the overbought zone with bearish or declining RSI. ETMarkets has shortlisted 10 of these stocks, providing valuable insights for investors looking to navigate challenging market conditions.

“Incremental growth in terms of the pace of construction at the national highway level may not really accelerate from here. What can happen and seems to be happening, is that in state highways, a lot of work seems to be happening in Maharashtra, Uttar Pradesh and several other states. That is where there can be some acceleration.”

"There are risks of our services exports slowing down in the near term. As for the medium term, I am very positive and I think it is going to be a great growth story, a great growth driver over the next three to five years. But in the near term, I think there are risks to that. There is already visible risk. We are seeing goods exports slow down."

Broad market indices like Nifty Midcap and Smallcap indices may continue to underperform for the coming few weeks before they resume their uptrend.

The interest rate and type of deposit you select will determine our return on an FD. You can choose between receiving interest payments on a monthly or quarterly basis or reinvesting them to take advantage of compounding.

The private banking stock hit a record high of Rs 1031 on 15 September 2023. It has rallied by nearly 5% in a week and more than 9% in a month.

Negandhi became the Co-CEO of the Axis Bank i-banking unit in 2018 along with his colleague Salil Pitale, after the unit's then CEO Dharmesh Mehta left the firm. Pitale will be the sole CEO of Axis Capital going ahead, sources said. Negandhi began his career as a lead analyst in 2005 at Enam Securities, which was acquired by Axis Bank in 2010 and renamed Axis Capital.

“If the proportion of the small and midcaps in your portfolio is very large, then it makes sense to cut back. If your equity exposure is very minute, then it does not matter to you. If it is very large, then it makes sense to have some cash at this stage.”

Axis Bank, incorporated in the year 1993, is a banking company (having a market cap of Rs 313101.66 Crore).

“The sugar sector is reasonably well-placed. I would think that it should perform and there should be at least 20-30% upside across the board in the sugar sector because it has not participated at all in the entire mid-cap rally. Paints is a sector where valuations of the companies are still very high. I would think that investors should shun this sector at this stage, let the shakeout happen and look at it 18 to 24 months down the line.”

The Indian stock market witnessed a remarkable feat on September 14 as several large cap stocks surged to achieve new all-time highs.

The prevailing sentiment remains optimistic in the Nifty50, contingent on Put writers safeguarding the 19,900 levels.

Macquarie believes that with Axis Bank acquiring a significant stake in Max Life Insurance, there could be more involvement at the board level by the bank. Axis Bank has increased its stake in Max Life Insurance to 19% from 13% last month.

“Some of the railway stocks are still available at comfortable valuations of 20 or 30 times on a trailing basis as we do not have a coverage on a lot of them. But as I said, some of them are trading at much higher valuation and that is where the need to do some profit booking if someone has bought. People need not have fear of missing out (FOMO).”

The foreign bank's profit after tax in the year ended March 31 was at ₹13,614 crore including a post-tax one-time gain of ₹8,914 crore from the sale of the consumer banking business to Axis Bank, Citi India said in a statement.

ome lenders impose a processing cost that is flat, while others often charge a variable processing fee that might reach 2% of the loan amount. Here are tops banks and their processing fees charged for a home loan.

Options data suggests a shift in a higher trading range in between 19750 to 20300 zones while an immediate trading range in between 19850 to 20150 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said

The next targets for the Nifty50 to watch out for would be 20,500-21,000 in the short term, considering the strong momentum sustained through the last seven sessions with participation from bank and IT stocks

The funds raised will be used for research and development with a focus on artificial intelligence (AI). It also intends to significantly scale up its SaaS offerings, including TrackWizz Screenzaa, and bring in new products in niche areas of financial crime.

The average attrition/ turnover rate for private banks is around 36 percent for FY23 and has risen by 400 bps YoY.

Tata Consumer Products, Divis Laboratories, Bharti Airtel, Cipla and HDFC Bank were among the top gainers on the Nifty, while losers included Axis Bank, Hindalco Industries, Tata Steel, ICICI Bank and NTPC

The tech skills of fintech companies and the traditional financial business of banks can come together, Chaudhry said.

It has a target price of Rs 1,175 for the stock, which represents a potential upside of over 19 percent from its current level of Rs 982.

The bank has a strong management team and a well-articulated strategy aimed at delivering 18% sustainable RoE and the brokerage estimates RoA to recover further aided by steady loan growth.

Todays technological advancements in data capturing and data management using internet of things (IoT) are helping companies monitor all the operations in real time to track performance and improve energy efficiency, said Dr Pradeep Panigrahi, Head, Corporate Sustainability, Larsen & Toubro.

Motilal Oswal is bullish on Axis Bank recommended buy rating on the stock with a target price of Rs 1175 in its research report dated September 01, 2023.

#AXISBANK : 15 mins chart🔼 Bullish above 981.15Target: 993🔽 Bearish below 968Target: 958.65, 948*Trail your stoploss according to your ris

"The future growth in Q2, Q3 etc. will be balanced between consumption and investment and if consumption remains robust and if capacity utilization as the RBI surveys suggest, it's moving towards that 78% threshold. Some amount of private investment will also happen, although nothing very spectacular before the general elections are likely to come in. Growth drivers are likely to be relatively balanced, but within the domestic sphere. "

This move comes at a time when the bank is under scrutiny of the Reserve Bank of India for its fintech partnerships, some of which have bordered regulatory grey zones.

Max Financial Services on Thursday issued a clarification on share sale transactions involving Axis Bank and Max Life Insurance Company Limited (‘Max Life). The company dismissed reports of violation of norms in the Axis-Max Life deal, as reported by CNBC TV18 on August 31, 2023.

Indian market opened higher on Thursday tracking positive global cues. The S&P BSE Sensex rose 100 points while the Nifty50 closed above 19300 levels on Wednesday.

The surge of large and mid-cap stocks to new all-time highs on August 30 paints a vivid picture of the ever-evolving stock market.

Axis Bank has launched a paid savings account called the 'Infinity Savings Account', targeting digitally savvy customers. The account does not require a minimum balance and offers free debit cards, domestic transactional fee waivers, and no charges on cheque book usage or transactions/withdrawals above limits.

The bank management believes that credit growth for banking can sustain around 12-13 percent levels and that Axis Bank can continue to grow at a 4-5 percentage points higher rate (so 16-19 percent).

Dalmia Bharat group is set to acquire Birla Tyres after creditors approved their resolution plan. The plan proposes partial repayment of ₹1,100 crore of bank loans of the BK Birla group company. The resolution offer made by Dalmia Bharat Refractories was cleared by over 75% of creditors of Birla Tyres.

Short term consolidation or correction in this index can be ideal opportunity for medium to long term traders to enter into Auto and Auto ancillary space, says Ashish Kyal.

After the revision, Axis Bank offers interest rates between 3.5% and 7.10% on tenures ranging from 7 days to 10 years. The new FD rate is effective from August 28, 2023, according to the Axis Bank website.

Among index majors, Axis Bank, UPL, Oil and Natural Gas Corporation, and Sun Pharmaceutical Industries witnessed a rebound in earnings in the June quarter.

The solvency level of Max Life Insurance is now at 188%. Though it is significantly higher than the 150% that is prescribed by the IRDAI, we need growth capital. The organisation has huge plans for growth across all channels.

A lack of awareness on redressal mechanisms for general grievances in some companies, and a feeling among many employees that since PoSH is a women-centric and robust workplace law their cases will find a fair hearing and redressal if filed under it, is leading to internal committees and lawyers grappling with what falls under sexual harassment.