When is Flipkart Big Billion Days 2023 sale starting? What are discount offers? Here are details
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.
Nomura upgrades India to overweight; ICICI, Axis and RIL among top picks
"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."
Banking & financial companies go all out to retain staff
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.
Falling household savings a risk to India’s world-beating growth
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.
Can't use debit card or credit card for online transactions if these options are not enabled; how to do it
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.
TCS, IndusInd Bank, 6 other large cap stocks hit 52-week high
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.
Welspun Corp, Axis Bank amon to stocks with bearish RSI
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.
Neelkanth Mishra on link between market and government’s commitments towards road, defence & railways
“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.”
India's medium-term prospects bright, but near-term risks already visible: Neelkanth Mishra, Axis Bank
"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."
#AXISBANK 15min timeframe yesterday axis Bank was bullish and reached near to the channel pattern high and sharply reversed and closed at channel low add this to your watchlist if tomorrow axis Bank opened in the channel and break either sides plan your trade
Best FD interest rates: Comparison of highest and lowest fixed deposit rates of top 10 banks
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.
#AXISBANK 15mins timeframe this stock is in a complete uptrend from past few days and formed a channel pattern in Monday if it opens in the channel pattern and breaks either sides we can plan accordingly for trading
Axis Bank investment banking arm Axis Capital's co-CEO steps down
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.
Extreme frenzy building; be cautious for the next two months at least: Sandip Sabharwal
“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.”
Fully invested? It makes sense to have some cash, invest in a phased manner: Sandip Sabharwal
“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.”
Axis Bank sees some stress in personal loans: Macquarie report
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.
No need for broad-based profit booking in mid and smallcaps: Siddhartha Khemka
“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.
Top banks’ home loan processing fees: Check which bank is charging lowest fee
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.
Stocks to buy today: RIL, TCS among top 7 trading ideas for 12 September
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
Nifty scales Summit 20,000: 10 best bets for double-digit returns as bulls keep up the rally
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
WestBridge Capital invests in TSS Trackwizz at Rs 900 crore valuation
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.
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 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.
Axis Bank's chart appears favorable for a potential bullish move, indicating a long trading opportunity. Traders may consider initiating long positions based on this positive outlook, anticipating an upside move
ET Sustainability Forum: Tech to play key role in helping companies and countries cut carbon footprint, say top execs
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.
Main drivers of growth in Q2 and Q3 likely to be domestic: Saugata Bhattacharya
"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. "
SBM Bank India appoints Dipak Agarwal as deputy CEO to head overall business
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 Fin issues clarification on Axis deal, dismisses reports on violation of norms
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.
Stocks to buy today: Axis Bank, DLF among top 10 trading ideas for 31 August 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.
Axis Bank's current trading pattern reveals a rising channel. A potential scenario could involve a downward move if the price breaches the supporting trendline, possibly leading to levels around 970 and 960. Conversely, if the price finds support at its present level,......read more
Axis Bank launches paid saving a/c with no charges for services, balance requirements
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.
Axis Bank is in top picks of Jefferies on healthy growth, attractive valuations
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 draws closer to taking over Birla Tyres
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.
MC Interview | Elliott wave strategist Ashish Kyal expects profit-booking in midcap, smallcap stocks
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.
Axis Bank revises FD interest rates; earn up to 7.1% fixed deposit interest rate
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.
Turnaround stocks: These 4 multibagger companies returned to
Among index majors, Axis Bank, UPL, Oil and Natural Gas Corporation, and Sun Pharmaceutical Industries witnessed a rebound in earnings in the June quarter.
Strategy in place, Max Life in growth push: Prashant Tripathy
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.
Workplace harassment: Confusion mounts as all kinds of cases get filed under PoSH
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.
Why Hemang Jani would prefer Axis Bank or ICICI Bank to Bajaj Finance
"Bajaj Finance has been delivering healthy growth in assets and parameters. It may not outperform significantly, but for investors seeking stable returns of around 18-20%, it is a recommended stock. However, for those looking for growth, Jani suggests considering banks like Axis Bank or ICICI Bank, which offer better growth prospects due to higher valuation comfort."
HDFC launches co-branded credit card with Marriott Bonvoy
HDFC Bank has launched its first co-branded credit card with Marriott Bonvoy. The card aims to capitalize on the trend of revenge spending post-pandemic, with increased domestic and international travel and spending. The card offers exclusive benefits and rewards, as well as access to Marriott International's travel program. This is HDFC's second co-branded card this fiscal year, following the launch of a card with Swiggy in July.
Indian banks' dividend to rise to at least 7-year high in FY24 - S&P Global
Lenders reported healthy growth in net profits last fiscal year and in the first quarter of this financial year on accelerating credit growth and shrinking bad loans.
India's state-owned payments bank plans to double income in FY24 - MD Venkatramu
Presently, the Reserve Bank of India's regulations bar payments banks from using their own funds for lending, but do not restrict them from selling other banks' products. These banks are allowed to hold deposits of up to 200,000 rupees, in an account, but much of this has to be invested in government securities.