Axis Bank books Rs 5,863 crore PAT for Q2

Chennai (IANS) Private sector Axis Bank on Wednesday said it closed the second quarter of FY24 with higher net profit of Rs 5,863 crore.

In a regulatory filing Axis Bank said for the quarter ended September 30, 2023 it had earned a total interest…

Sensex plunges more than 600 points to below 64K mark

New Delhi, (IANS) BSE Sensex plunged more than 600 points to breach the 64,000 points mark on Wednesday.

Sensex is down 610 points at 63,961 points.

Heavy selling in Sensex heavyweights with Infosys down 3 per cent, NTPC down 3 per cent,…

GST notices worth Rs 1 lakh crore issued to online gaming firms

New Delhi (IANS) The Goods and Services Tax (GST) authorities have issued show cause notices demanding as much as Rs 1 lakh crore from online gaming companies for tax evasion so far, a senior official confirmed on Wednesday.

Last week, Delta…

Diversion of flows expected from small and mid-cap stocks to large-caps

New Delhi (ANS) Diversion of funds is expected from small and mid-caps to large-caps, leading to a sharp reaction in mid and small-cap category where valuations are stretched, Hitesh Suvarna of JM Financial Institutional Securities said in a report.

India poised to surpass Japan to become world’s 3rd largest economy by 2030: S&P

New Delhi (IANS) India is likely to surpass Japan to become the world's third-largest economy with its GDP doubling to $7.3 trillion by 2030, according to the latest S&P Global Market Intelligence report.

“India's nominal GDP measured…

IEA sees 10-fold leap in use of electric cars by 2030

New Delhi (IANS) The use of electric cars would increase by almost 10 times worldwide by 2030 and the share of renewables in the global electricity mix would increase to 50 per cent by 2030 from the current 30 per cent amid the shift to new clean…

COP28: 131 global cos call on world leaders to 'phase out' fossil fuels

New Delhi (IANS) About 131 global companies, representing nearly $1trillion in global annual revenue, have in a letter, ahead of the COP28, urged world leaders to address the primary cause of climate change: burning fossil fuels.

The letter…

Relentless selling across the board pulls Nifty down by 260 pts

New Delhi (IANS) Pessimism persisted in the Indian bourses as the bears tightened their grip by breaching all the key Nifty support levels to end the session at 19,281.75 with a loss of 260.90 points, said Aditya Gaggar, Director at Progressive Shares.

Small cap indices come under selling pressure

New Delhi (IANS) Small cap stocks which have been the outperformers of this year’s market rally came under selling pressure on Monday.

BSE Small Cap Index is one of the biggest losers in trade, down 2.4 per cent. In comparison, Sensex is down…

Central banks' panel suggests safeguards for inflation, geopolitical churns

New Delhi (IANS) A high level central banks' panel has suggested that the key financial institutions need to rebalance their policy mix, rebuild policy buffers and develop safe macro-financial stability frameworks (MFSFs) for the future.

The…