City Axis Financial News

25.07 / 07:57

UPS IPO Provident AXY country TVS Supply Chain Solutions gets Sebi's nod for IPO launch. Details here

capital market regulator’s approval to raise funds through an initial public offering (IPO). The Chennai based company had in April refiled draft red herring prospectus (DRHP) with Securities & Exchange Board of India (SEBI) for the IPO. It has obtained Sebi’s observation letter on July 18.

11.07 / 19:17

COST UPS Digital AXY Happiest Minds launches ₹400 crore QIP

₹400 crore Qualified Institutional Placement (QIP) on late Tuesday evening, a person with knowledge of the development said. The company has allowed for a ₹100 crore allotment for oversubscription, which could take the total deal size to over ₹500 crore. The QIP is being managed by Axis Capital and ICICI Securities, the person cited above said, asking to be anonymous.

09.07 / 08:49

UPS Provident AXY Manufacturing Honeywell After ideaForge's listing pop, will Cyient DLM follow suit? Here's what GMP signals

ideaForge's near multibagger returns on Day 1, investors are expecting another strong listing from Cyient DLM, whose shares will debut on Monday. The grey market premium (GMP) of Cyient DLM is around Rs 150-155 in the unlisted market. If we consider the upper price band of Rs 265, the company's shares are expected to list at a premium of 58%.

04.07 / 10:11

COST Provident Extreme Aware JPMorgan Pool Citigroup Deal HDFC merger: For advising on a $64 billion bank deal, bankers got a 0.0002% fee

bankers’ struggle for profits in the country. Housing Development Finance Corp.’s all-stock merger into HDFC Bank Ltd., which created one of the most valuable banks in the world, has about 18 advisers who got credit for a fee pool of just over $1 million, according to people familiar with the matter. Morgan Stanley and Bank of America Corp.

04.07 / 05:47

COST UPS Booking AXY Gap Racing HSBC Valued more than Morgan Stanley, but HDFC Bank has a score to settle with ICICI Bank

HDFC Bank racing ahead of global banking giants like Morgan Stanley and HSBC in terms of market capitalisation is grabbing headlines, what matters more for investors is whether the merged entity has enough firepower to widen its valuation premium against closest rival ICICI Bank. As one of the biggest wealth creators on Dalal Street, HDFC Bank has historically commanded a higher valuation premium against ICICI Bank and has often been worshiped as the epitome of a classic consistent compounder that can double every 5 years or so.

03.07 / 05:25

COST AXY ICBC Arbitrage HDFC shares rally 3% as traders look for arbitrage bets ahead of delisting

HDFC Bank, rallied over 3% to Rs 2,911 in Monday's early trade on BSE even as traders saw arbitrage opportunities ahead of the announcement of the delisting date. With investors raising a toast to the mega-merger deal that would lead to the creation of the world's fourth largest bank by market value behind only JP Morgan, ICBC of China and Bank of America, HDFC Bank shares also rallied over 2% to Rs 1,738. «The merger of HDFC Bank and HDFC Ltd will create a behemoth (FY24 loans at Rs 25 tn, 15.7% market share) that can deliver strong growth (~17% loan CAGR) and profitability (~2% RoA).

breaking news about city Axis

What is the current situation in city Axis?

In city Axis, the spotlight is on socially significant developments that affect the region’s daily life.

Where can I find reliable news about city Axis?

We publish reliable reports about the situation in city Axis, based on information from regional journalists.

What shapes the media agenda in city Axis?

The news landscape of city Axis is shaped by key decisions by local authorities, reflecting its local way of life.