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Shares of Axis Bank and Max Financial Services on Tuesday gained up to 6.6 per cent after the bank decided to raise its stake in Max Life Insurance to 30 per cent. Axis Bank shares zoomed 6.61 per cent to close at Rs 455.55 on the BSE. During the day, it jumped 7.24 per cent to Rs 458.25. Max Financial Services also gained 5.14 per cent to close at Rs 475.80. It rose by 8.79 Read More

Franklin Templeton’s top management, in an effort to reassure investors, said that it is committed to returning the money invested at the earliest. The fund house is trying to soothe investors after having closed six of its debt and credit mutual fund schemes. “We are committed to doing all we can to return monies in the schemes that are wound up at the earliest to investors, and to regain your trust in our brand,” Franklin Read More

A survey of Indian retail investors by the World Gold Council (WGC) has revealed that as much as 29% of them, who have never bought the precious metal in the past, are open to purchasing it in the future. As much as 52% of investors already owned some form of gold, with 48% having invested in the one year preceding the survey, which was conducted between June and December 2019, before the Covid-19 outbreak in Read More

After having saved the cash-strapped Yes Bank from going bust, three of the banks, which invested in the troubled private lender at an RBI-guided bailout price, sold some part of their equity share allocations, according to the shareholding data available on the stock exchanges. Uday Kotak’s Kotak Mahindra Bank sold almost 9.4% of its total shareholding that it picked up in Yes Bank. Federal Bank sold 19.5% of its entire shareholding; and IDFC First Bank Read More

Crude oil prices in the international market fell below zero for the first time ever, but still, petrol and diesel prices in India are hovering near Rs 70 per litre and Rs 62 per litre, not falling at all in line. What is it that is holding up retail fuel prices? Is the government not allowing the benefits to pass on to the consumers? Here, it is important to understand that the retail prices of Read More