AXY Financial News

17.07 / 17:11

UPS Lowe's Amazon Extreme AXY Platform NOT Not a high spender? Here are two credit cards that earn you 5% rewards

₹10 lakh annually, a higher disposable income, multiple credit cards to optimize every spend, extreme planning to redeem rewards for the best deal and, finally, expensive annual fees charged by the cards. If all this doesn’t sound like your cup of tea, there is a simpler option for you: a cashback credit card. The rewards system with a cashback credit card is simple–a percentage of the amount you spend with every swipe is paid back to you.

17.07 / 08:09

COST IPO Booking AXY SUN Netweb Technologies IPO: Issue subscribed 94% on day 1 so far; check details

IPO Subscription Status: The initial public offering (IPO) of Netweb Technologies Ltd was subscribed 94% on Day 1 so far. The public issue that opened for subscription on Monday, July 17, and will end on Wednesday, July 19. Employees and retail investors enthusiastically responded to the issue on the first day of subscription, followed by non-institutional investors (NIIS), and qualified institutional buyers (QIBs). Retail investors portion was subscribed 1.38 times, employee portion was subscribed 3.79 times, NIIs portion was subscribed 1.06 times, and QIBs portion was subscribed 1%.

17.07 / 06:53

AXY Samsung Sony week Nothing Phone (2) sale in India this week: Things you must know before buying it

₹44,999 in the country. It will go on sale on July 21 via Flipkart. If you are planning to buy the new Phone (2), then here’s everything you need to know before buying it Nothing Phone (2) comes with a significant update in processor as compared to Nothing Phone (1).

17.07 / 06:17

Citizens AXY Axis Bank increases FD interest rate by 10 bps on this tenure: Check details

Axis Bank has hiked the fixed deposit interest rate on one tenure by 10 basis points (bps)for amounts below Rs 2 crore. The new rate is effective from July 17, 2023, according to the bank’s website. After the revision, Axis Bank offers interest rates between 3.5% and 7.20% on tenures ranging from 7 days to 10 years.

17.07 / 05:47

Target AXY How to trade Bandhan Bank stock after Q1 results? Here's what brokerages recommend

Bandhan Bank reported weak June quarter earnings on Friday, several top brokerages have come out with their views on the stock. While Nomura, CLSA and Kotak Institutional Equities put a ‘Buy’ rating on the stock, Nuvama recommended a ‘Hold’ call on the counter. Bandhan Bank's standalone net profit fell 19% to Rs 721 crore for the first quarter ended June.

17.07 / 05:47

UPS AXY NIFTY index Stock market update: Nifty Bank index falls 0.07% in an upbeat market

Federal Bank(up 1.93 per cent), State Bank of India(up 0.68 per cent), Punjab National Bank(up 0.49 per cent), Kotak Mahindra Bank(up 0.47 per cent) and IndusInd Bank(up 0.15 per cent) were among the top gainers. Bandhan Bank(down 2.59 per cent), IDFCBANK(down 0.85 per cent), Bank of Baroda(down 0.53 per cent), ICICI Bank(down 0.46 per cent) and Axis Bank(down 0.43 per cent) were the top losers on the index.

16.07 / 09:15

UPS IPO AXY Manufacturing Pen maker Flair files draft papers with Sebi for Rs 745 crore IPO

The total offer size comprises a fresh issue of equity shares up to Rs 365 crore and an offer for sale (OFS) of up to Rs 380 crore. Under the OFS segment, Khubilal Jugraj Rathod is to offload shares worth Rs 76 crore, and Vimalchand Jugraj Rathod is to sell up to Rs 57 crore. Other selling shareholders include Nirmala Khubilal Rathod, Manjula Vimalchand Rathod, Rajesh Khubilal Rathod, and Mohit Khubilal Rathod, Sangita Rajesh Rathod, Sonal Sumit Rathod, Shalini Mohit Rathod and Sumit Rathod.

15.07 / 11:11

UPS Lowe's FIVE AXY Holdings Mutual Funds raise holdings in HDFC twins in June

The month of June witnessed notable changes in the sector and stock allocation of mutual funds. Private banks (17.4%) were the top sector holding for MFs during the month, followed by technology (9.3%), NBFCs (8.9%), autos (8.2%), and capital goods (7%), according to data from Motilal Oswal Financial Services.

15.07 / 10:47

UPS Citizens AXY Pinnacle SCSS vs 5 year senior citizen bank FD: Which offers higher interest rate?

small savings plans are two low-risk investment options. Investors, particularly senior citizens, who are looking for somewhere to put their money as interest rates reach their pinnacle can consider these options. Small savings schemes are regularized by the government and interest rates are revised every quarter.

15.07 / 06:37

UPS Amazon AXY Platform Apple Apple iPhone Amazon vs Flipkart sale: Where should you buy Apple iPhone 14

Prime Day sale, Flipkart has announced the Big Saving Days sale which has started today and will continue till July 19. If you are planning to buy an iPhone 14, then this is probably one of the good times. Both e-commerce platforms are giving exciting deals on the handset.

14.07 / 10:53

UPS AXY NIFTY SENSEX Stock market update: Sugar stocks up as market rises

Kothari Sugars & Chemicals(up 3.91%), Uttam Sugar Mills(up 2.84%), BAJAJHIND(up 2.41%), Dalmia Bharat Sugar & Industries(up 2.15%), AVADHSUGAR(up 2.08%), Balrampur Chini Mills(up 1.58%), Rajshree Sugars & Chemicals(up 1.50%), Triveni Engineering & Industries(up 1.08%), Dhampur Sugar Mills(up 0.95%) and Vishwaraj Sugar Industries(up 0.93%) stood among the top gainers. DCM Shriram Industries(down 2.21%), K.M.Sugar Mills(down 0.58%), MAGADHSUGAR(down 0.24%) and EID Parry(down 0.20%) were among the top losers of the day.

14.07 / 10:53

Booking AXY NIFTY India's inflation during Q1 suggests limited risk of a further rate hike, says Bandhan Bank MD

Bandhan Bank's Q1 results, Managing Director Chandra Shekhar Ghosh, told reporters that India is unlikely to hike interest rates due to the current state of the inflation numbers. «Despite disruption of monsoon, the gradual improvement in rural demand may continue. Despite policy undetainties in advanced economies, India's inflation during the first quarter suggests limited risks of further hike in interest rates,» Ghosh told reporters on Friday.

14.07 / 10:41

Booking Progressive AXY CEO Bandhan Bank Q1 Results: Net profit falls 19% YoY to Rs 721 crore

The fall in profit was steeper than expected as most analysts saw the decline to be around 14%. For instance, Axis Securities expected the net profit figure to be around Rs 758 crore.

14.07 / 10:23

AXY Airlines Reserve Customers Axis Bank Reserve Credit Card: New rules for customers from August 13; details here

Axis Bank has revised the terms and conditions applicable to Axis Bank Reserve Credit Card customers. The revised rules will be applicable from 13th August 2023, as per information available on the Axis Bank website. Following are details of the changes announced by Axis Bank.

14.07 / 05:59

UPS AXY NIFTY SENSEX KPI Power Stock market update: Power stocks up as market rises

Alstom T&D India(up 4.71%), Voltamp Transformers(up 2.37%), Karma Energy(up 2.07%), Gujarat Industries Power(up 1.95%), Hitachi Energy India(up 1.91%), JSW Energy(up 1.87%), KEC International(up 1.45%), DPSC(up 1.27%), Inox wind(up 1.08%) and Inox Wind Energy(up 1.04%) were among the top gainers. RTNPOWER(down 6.32%), NLC India(down 1.51%), Power Grid Corporation of India(down 1.21%), Jyoti Structures(down 1.16%), Tata Power Company(down 1.08%), Orient Green Power Company(down 0.93%), NHPC(down 0.87%), Adani Transmissions(down 0.72%), KPI Green Energy(down 0.70%) and NTPC(down 0.61%) were among the top losers.

14.07 / 04:59

Target Digital AXY NIFTY Limelight Rhythm Nifty may hit 21,000 in 6-9 months; rally likely to be non-linear with 5-7% intermediate corrections, says ICICI Direct

macroeconomic conditions. According to the brokerage firm, Nifty’s lifetime highs have reinforced the uptrend. “We reiterate structural bullish stance with Nifty target of 21,000 over 6-9 months, with strong support at 18,200," ICICI Direct said in a report.

13.07 / 18:39

AXY NIFTY Adani Green raises capacity by 43%

₹970 apiece in the initial hours on Thursday, but lost momentum during afternoon trade. Adani Green, with a market capitalization of ₹1.51 trillion, has increased capacity utilization factor for its solar energy business by 40 bps from a year ago to 26.9% in the April-June period, backed by 99.7% plant availability, it added. Following allegation of fraud and market price manipulation by American short-seller Hindenberg Research on 24 January, Adani group stocks went on a tailspin in January-February.

13.07 / 14:29

COST UPS AXY Bandhan Bank Q1 Preview: PAT seen falling up to 14% in a soft quarter

Bandhan Bank is expected to report muted numbers in a seasonally weak quarter, also let down by a sequential decline in loan growth. In its first quarter update, the lender said its loan growth declined 5% on a sequential basis, and deposit growth remained flat. However, erring on the optimistic side, the bank guided for a loan and deposit growth above industry levels at around 20% in FY24.

13.07 / 10:51

IPO FIVE AXY HSBC Five Things to Know about the NSDL IPO

upcoming IPO have finally cleared. There were a lot of speculations last year about the IPO timeline, its size and the valuation of unlisted shares of the largest Indian depository. All speculations have been put to rest as NSDL filed its draft red herring prospectus (DRHP) with the market regulator.

12.07 / 19:15

Lowe's AXY CEO Platform HDFC bows out of exchanges with record deliveries

₹11,567.44 crore and the highest-ever deliverable quantity of 33.8 million shares, indicating that investors and traders took delivery ahead of the record date on 13 July to be eligible for receiving the merged HDFC Bank shares. In addition to fresh buying, those holding derivatives positions on NSE would have also opted for delivery as all derivatives contracts remaining open by the end of trade on 12 July would result in compulsory delivery, given the attractive swap ratio, said analysts. This enabled the HDFC share to top the list of 25 most traded shares on Wednesday on the NSE.

12.07 / 19:15

UPS IPO BLOCK AXY Enterprise India Inc. kicks off fiscal with record $8.1 billion Q1 share sale

₹66,660.67 crore in the June quarter—the best-ever for any first quarter, Mint research showed. The amount was 29% higher than the ₹51,574.08 crore raised a year earlier from new investors. Bulk deals, qualified institutional placements (QIPs), offers for sale (OFS) and initial public offerings (IPOs) aim to raise money from new investors, unlike rights issues that are reserved for existing investors.

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