AXY Financial News

Axis Bank, has taken on lease two floors in Macrotech Developers’ commercial tower in Mumbai’s Lower Parel to set up its head office, people aware of the development said. The company’s headquarters — currently in Wadia International Center on Worli’s Budhkar Marg — is expected to be shifted to this place soon, in line with its expansion and consolidation plan. “Axis AMC is likely to consolidate some of its existing Mumbai offices that support a few key functions in this newly leased space,” one of the persons cited earlier said, adding that the company has leased more than 63,000 sq ft of office space in ‘One Lodha Place’ for more than nine years. The company will be paying a monthly rent of Rs 1.2 crore for the office space spread over the 22nd and 23rd floors of the 39-storey tower, the sources said, adding that the space has already been handed over to the new tenant for fit-out work. Queries sent to Axis AMC and Lodha remained unanswered till as of press time. Transaction advisor JLL India declined to comment.

Uniform Civil Code, is that the Hindu nationalist ideology which drove those campaigns made it harder to achieve a minimally representative consensus on gender-agnostic family laws for all. The BJP faces a choice.

MUMBAI : Shares of Reliance Industries Ltd (RIL), which have underperformed the broader market this year, are expected to get a sentiment boost this week following news about the upcoming demerger and listing of Jio Financial Services, as well as the buyout of minority shareholders in Reliance Retail, analysts said. The firm on Saturday informed exchanges about the National Company Law Tribunal approving the planned demerger, as well as the record date for the same.

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%.

Adani Ports, UPL, Aarti Industries and Ambuja Cement are four stocks on which Rajesh Palviya, SVP — Technical & Derivatives Research, Axis Securities, recommends a sell. “Adani Ports demonstrates a bearish sentiment as it recently breached the medium-term upward-sloping trendline. It is currently trading below critical moving averages (20, 50, and 200-day SMA), accompanied by a persistently lower daily RSI relative to its reference lines,” he says.

NSDL) has filed its Draft Red Herring prospectus with the Securities and Exchange Board of India (Sebi) for an IPO. The IPO, which is an offer for sale (OFS) of 57,260,001 shares, will see IDBI Bank, NSE, SBI, HDFC Bank and Union Bank of India paring stakes. Post IPO, the dates of which are not yet announced, the stock would be listed on BSE.

CRISIL Report). The company plans to raise funds via Initial Public Offering through issue of equity shares of face value Rs.

«Looking at the data set up, especially in today's session, some profit taking was there at higher levels because most of the call writers were aggressive at 19,600, 19500 strike on the call side and so it clearly creates some pressure on the index,» says Rajesh Palviya, Axis Securities.19,500 was briefly seen on the Nifty 50 index so, going ahead with the earnings season kicking in and coming in at play, can we expect 20,000? We are not that far from those levels but with the kind of a U-turn that we have seen on Friday. What is your expectation? This is the fourth consecutive month where we are seeing a very strong rally is playing out in the market and looking at the data set up overall behaviour of the market, it clearly indicates yes, we may see further upside from the current level and possibly yes, Nifty can head further higher towards 20,000 mark also.

stocks. Improved asset quality, growth in margin expansion, and better-than-expected earnings in the March quarter promoted FPIs to change their views on the sector. The other two sectors where FPIs bought maximum shares include auto and auto ancillaries and capital goods, where FPIs invested ₹19,500 crore and ₹12,400 crore, respectively, since March 1.

Flipkart-Axis Bank Personal Loan up to Rs 5 lakh: Flipkart customers will now be able to get personal loans from Axis Bank. The e-commerce marketplace has entered into a partnership with Axis Bank to facilitate personal loans for its customers.

Flipkart on Friday announced that it will be distributing Axis Bank's personal loans on the e-commerce platform. The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement.

Axis Bank, one of the largest private sector banks, to facilitate personal loans for its valued customers, adding additional convenience and enhanced benefits to its 450 million customers. The newly introduced personal loan service offers highly competitive loan options, granting access to amounts as high as ₹5 lakhs, allowing customers flexible repayment cycles ranging from 6 to 36 months. Flipkart’s introduction to personal loans demonstrates its commitment to addressing customers’ demands in today's financial environment and leveraging the potential of digital lending.

There were 39 schemes in the ELSS category. All the schemes in the category were in green. SBI Long Term Equity Fund offered the highest return of around 12.64%, followed by JM Tax Gain Fund (12.26%). Quant Tax Plan offered the lowest return of 2.08%.Quarterly performance

Axis Bank and Adani Enterprises — will turn ex-dividend on July 7. Axis Bank had earlier announced a final dividend of Rs 1 per share, which is 50% of the face value for the financial year ending March 2023. The company has set July 7 as the record date to determine the eligibility of shareholders.

Shares of AU Small Finance Bank(up 2.7 per cent), Bandhan Bank(up 2.56 per cent), Federal Bank(up 1.58 per cent), Axis Bank(up 1.5 per cent) and Punjab National Bank(up 0.68 per cent) ended the day as top gainers in the pack. On the other hand, IndusInd Bank(down 0.67 per cent) finished as the top losers of the day.

Income Tax Return (ITR-2) filing online for AY 2023-24: Users of the popular ITR filing platform Cleartax will now be able to complete automated filing of ITR-2. In a statement, Cleartax said it has one-click integrations with over 20 brokers that cover over 85% of the addressable market of brokers. 

Bandhan Bank(up 1.58 per cent), Federal Bank(up 0.98 per cent), Axis Bank(up 0.6 per cent), Punjab National Bank(up 0.6 per cent) and AU Small Finance Bank(up 0.42 per cent) were among the top gainers. IndusInd Bank(down 1.81 per cent), Bank of Baroda(down 0.63 per cent), HDFC Bank(down 0.52 per cent), IDFCBANK(down 0.25 per cent) and State Bank of India(down 0.07 per cent) were the top losers on the index.

BSE Sensex jumped 185.37 points or 0.28 per cent to 65,631.41 in morning deals. Tracking rally in equities, the market capitalisation (mcap) of BSE-listed firms reached an all-time peak of Rs 3,01,10,526.12 crore. The BSE benchmark had jumped over 2,500 points in its record rally from June 26 to July 4.

₹383 on BSE on January 19, 2023. They hit their 52-week low of ₹242.40 on July 6, 2022. In the last one year, shares of Hindustan Zinc have risen 29 per cent against a 22 per cent gain in the equity benchmark Sensex.

Sensex sliding 33 points and Nifty gaining 9 points after an unabated record-breaking rally in the last few trading sessions. Weak global market trends and fall in HDFC twins also spoiled markets party.

₹80,000 (per person) with spends of just ₹3.5 lakh. “That’s about a whopping 23% return on your spends. At first, I thought they were bluffing because no credit card has such an incredible reward system in place," said Yadav, who works at a multinational company.