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Axis Bank: Axis Bank had informed regarding entering into a Share Purchase Agreement with OpenPayd Holdings Limited, for sale of 100% stake in Axis Bank UK Limited, a subsidiary of the bank. Both the parties have mutually decided not to go ahead with this transaction and accordingly have terminated the above Share Purchase Agreement. The Bank will now initiate the winding up process of Axis […]

Gold is building on safe haven demand amid weakening global growth scenario in addition to dollar arresting gains since mid-July. Demand for safe havens was also bolstered by an escalation in tensions between China and Taiwan, after Beijing fired missiles around the island as part of a ?military drill.? The move was in retaliation for U.S. House of Representative Speaker Nancy Pelosis visit to Taiwan […]

The IT solutions company on Thursday (4 August 2022) announced the launch of its cyber security services in the healthcare vertical.

The Indian rupee is expected to stay cautious in opening trades on Friday, ahead of crucial RBI monetary policy. The Reserve Bank of Indias rate-setting panel on Wednesday (3 August) began its three-day deliberations on the next bi-monthly monetary policy. The Monetary Policy Committee is scheduled to announce its decision today, 5 August 2022. While a 25 bps hike is ruled out, market opinions are […]

Oil prices are seen recovering in early Asia on Friday, although the commodity is set for a near 10% decline for the week. WTI Crude prices are paring some losses and are currently up 0.33% at $88.81 per barrel. Growing recession concerns amid deteriorating economic conditions across the globe coupled with higher interest rate scenario is adding to fuel demand concerns. Notable build in crude […]

The US stocks were mixed in a relatively lackluster trade on Thursday, 04 August 2022, with the Dow and the S&P500 indexes settling below the unchanged line, while the NASDAQ index managed to hold gain line. At the close of trade, the Dow Jones Industrial Average index declined 85.68 points, or 0.26%, to 32,726.82. The S&P500 index was down by 3.23 points, or 0.08%, to […]

COMEX copper is extending previous day gains in early Asia on Friday supported by firm equities. The red metal is up more than 1% at $3.52 per pound. Overseas, Asian stocks are trading higher Friday as investors look ahead to the Reserve Bank of Indias interest rate decision and the U.S. jobs report. Wall Street stocks ended mixed, with gains for high-growth stocks offset by […]

Housing Development Finance Corporation announced the completion of the USD 1.1 billion Syndicated Social Loan Facility for the financing of affordable housing in India. The loan has been priced competitively at a margin of 90 bps over SOFR (Secured Overnight Financing Rate). This transaction marks several meaningful milestones, including Indias largest social financing issuance, the largest social loan globally, the first social ECB loan out […]

Reflecting a jump in exports and a modest decrease in imports, the Commerce Department released a report showing the U.S. trade deficit narrowed by more than expected in the month of June. The trade deficit narrowed to $79.6 billion in June from a revised $84.9 billion in May. The decrease in the size of the trade deficit came as the value of exports surged by […]

The Company registered consolidated revenue of Rs3,333 crore for Q1FY23, a growth of 104%.