Axis Bank to sell entire stake in securities depository firm NSDL

Axis Bank Ltd, India’s third-largest private-sector lender by assets, has agreed to divest its entire stake in National Securities Depository Ltd (NSDL) for Rs 165 crore ($25.66 million) in cash. Axis Bank will sell 2 million shares of NSDL, or a 5% stake, at Rs 825 apiece, the lender informed stock exchanges on Thursday. It didn’t say who the buyer […]

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Bajaj Finserve consolidated net up 22% in Q3

Bajaj Finserv reported a 22 per cent increase in third quarter consolidated net profit at ₹749 crore against ₹614 crore in the year-ago period. Bajaj Finserv (BFS) is the holding company for the various financial services businesses of the Bajaj Group. The company holds 55.13 per cent stake in Bajaj Finance (BFL) and 74 per cent stake each in Bajaj Allianz General […]

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Budget 2018: Promises which are still work in progress

Union Budget 2018: The Modi government’s Budget 2018 India will be very crucial. Finance Minister Arun Jaitley will present the Budget 2018 on February 1. The fifth and final Union Budget before the Lok Sabha 2019 will seek to address an of array of issues. However, Prime Minister Narendra Modi had hinted that the Union Budget won’t be a populist one. Expectations of the […]

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