Kotak’s Best Chance To Merge Axis Bank: Nomura

Kotak’s Best Chance To Merge Axis Bank

Axis Bank CEO’s request to revise down her term to Dec-18 (earlier Jun-21) has been accepted by the board. Our assessment suggests that Axis Bank will have to look for an external CEO, said Nomura in a research report.                         

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Truck, Bus Sales Rise 21% In March

Truck, Bus Sales Rise 21% In March 💡 March car sales came in at 191,082 units versus 190,236 units a year ago. 💡 March passenger vehicle sales came in at 300,722 units versus 282,698 units a year ago. 💡 March truck and bus sales at 105,681 units versus 87,258 units a year ago. …

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Sugar Stocks Buzzing In Trade

Sugar Stocks Buzzing In Trade Shares of the sugar manufacturers were trading higher in trade today.                           💡 Bajaj Hindustan Sugar rose 5.3 percent 💡 Triveni Engineering rose 7.4 percent 💡 Dhampur Sugar Mills rose 4.97 percent 💡 Dalmia Bharat Sugar rose 6.7 …

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Wipro Falls As Company Says Profitability May Get Hit

Wipro Falls As Company Says Profitability May Get Hit

Shares of the Azim Premji-led company fell as much as 2.6 percent, the most in over two weeks to Rs 277.75 after the company said that its profitability may be impacted by 65-75 basis points in the March quarter as one of its telecom clients is undergoing insolvency proceedings, according to a PTI report.  

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Neuland Labs Gains On Plans To Raise Funds

Neuland Labs Gains On Plans To Raise Funds Shares of the Hyderabad-based rugmaker rose as much as 1.96 percent to Rs 777 after its board of directors on Monday approved issuing 16.75 lakh shares of face value of Rs 10 each through qualified institutional placement (QIP).

Yes Bank Gains On Fundraising Plan

Gold Silver Reports (GSR) – Yes Bank Gains On Fundraising Plan — Shares of the Mumbai-based private sector lender rose as much as 1.4 percent to Rs 320.70 after the bank said that its board will meet on April 26 to discuss fundraising plan via share sale and will also discuss …

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Axis Bank Rises After CEO Shikha Sharma To Cuts tenure To Seven Months

Axis Bank Rises After CEO Shikha Sharma To Cuts tenure To Seven Months 

Shares of the country’s third largest private lender rose as much as 3 percent to Rs 534.85 after its managing director and CEO Shikha Sharma wanted her new term to be reduced to seven months from three-year tenure that has been approved by the bank’s board.                                  

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