Banking And Finance
Axis Bank hikes stake in Axis Max Life Insurance to 19.9%
New Delhi: Private lender on Monday said it has raised its stake in Company to 19.9 per cent. Based on approval granted by the Acquisitions, Divestments and Merger Committee of…
Tax-aware retirement income strategy: How to invest smartly in FDs, SCSS and debt funds to beat inflation
Retirement planning has always revolved around traditional fixed deposits (FDs). They are simple, straightforward, predictable, easy to lock and safe. Still, in today’s rapidly evolving economic environment of rising inflation…
ED arrests realty businessman Vikram Wadhwa in Rs 645 crore IDFC First Bank fraud case
ED arrests realty businessman in Rs 645 crore New Delhi: The Enforcement Directorate (ED) has arrested real estate businessman Vikram Wadhwa under the provisions of the (PMLA), 2002, in connection…
Market
US stock market today: Nasdaq, S&P 500 gain as AI optimism offsets Middle East worries
US stock futures indicated another record-breaking start to Monday’s trade, despite a rebound in oil prices as a peace deal between the US and Iran remained elusive. Dow Jones Industrial…
ConsumerX Ventures launches ₹150-cr AIF for early-stage consumer start-ups
ConsumerX Ventures has launched a SEBI-registered Category II Alternative Investment Fund (AIF) with a target corpus of ₹150 crore to back new-age and digitally native consumer brands. The fund will…
SEBI proposes easing cash-flow rules for road InvITs
The Securities and Exchange Board of India (SEBI) on Monday proposed allowing road-focused Infrastructure Investment Trusts (InvITs) to add back debt-funded major maintenance expenses while calculating cash available for distribution…
MF investments in equity jump 58% in May
Mutual fund investments in equity markets jumped 58 per cent in May to over ₹48,247 crore against ₹30,594 crore logged in April, on the back of healthy inflows as investors…
Market
MRPL appoints Pattathil Sujith as ED (Projects)
Mangalore Refinery and Petrochemicals Ltd (MRPL) has appointed Pattathil Sujith as Executive Director (Projects). Prior to his elevation, Sujith was serving as Group General Manager – Corporate Strategy, where he…
Royal Enfield sales up 15% in May at 1,03,231 units
Mid-size motorcycle maker Royal Enfield on Monday reported a 15 per cent rise in monthly sales at 1,03,231 units in May, against 89,429 units sold in the same month last…
Gujarat Energy Ltd’s gas demand sees 20-fold jump after Morbi ceramic hub reopens
India’s largest city gas distribution company, Gujarat Energy Ltd (GEL) has reported a dramatic revival in gas demand from India’s biggest ceramic cluster at Morbi in Gujarat with consumption jumping…
PSU OMCs’ under recovery from jet fuel sale at ₹30/litre
The PSU oil marketing companies (OMCs) are currently incurring an under recovery of ₹30 per litre from the sale of aviation turbine fuel (ATF) to airlines. “Jet fuel prices are…
Axis
