MUMBAI: Axis Asset Management Company will acquire the portfolio management services business of Axis Securities, adding over 2,500 investors and taking its PMS assets under management to around Rs 15,000 crore.The acquisition is among the largest PMS deals in India by investor count and will see the acquired business operate under “Alternates by Axis AMC”….
Stock market today: Sensex, Nifty fall for second day Indian benchmark indices closed lower for the second consecutive session on Tuesday as weakness in HDFC Bank and rising geopolitical tensions in West Asia kept investors on edge. The BSE Sensex fell 238.41 points (0.31%) to close at 77,470.11, while the NSE Nifty50 declined 50.80 points…
The tariffs have significant implications for India, which supplies nearly 47% of generic prescriptions India’s $30-billion pharma industry is staring at a fresh challenge after US President Donald Trump announced that generic medicines imported into the US would face tariffs of 100% from Aug 2028 and 200% a year later, unless companies relocate manufacturing to…
RBI said that the domestic economy has navigated a “tumultuous phase” MUMBAI: Liquidity conditions have improved further, supporting robust credit growth even as India’s external sector remains steady with an improving outlook aided by foreign investment inflows, RBI said in its latest State of the Economy report, noting that the domestic economy has navigated a…
Those ‘aam’ Totapuris may soon decide more than just the flavour of your drink!The mango variety could also determine the GST rate on your flavoured drink under the Centre’s latest move to support farmers while encouraging beverage makers to use more real fruit. The government has proposed reserving the concessional 5% GST rate for mango-based…
Rupee began Thursday on a positive note, rising 0.1% against the US dollar. The currency opened at 96.49 against the greenback, compared with its previous close of 96.56, after ending the last session at its weakest level in more than two months.The modest recovery comes even as rupee continues to face pressure from rising crude…
Stock market: How Sensex and Nifty settled in the previous session Stock market extended its losing streak in the previous session, with Sensex and Nifty closing lower for the third consecutive session. The slump came as surging crude oil prices and heavy selling in banking stocks dampened investor sentiment. BSE Sensex dropped 715.06 points, or…
Crude oil prices jumped to six week high on Thursday, with Brent rising above the $96-a-barrel mark and US benchmark WTI climbing past $88, as the Middle East conflict showed no signs of easing. Brent crude gained $1.93, or 2.05%, to trade at $96 a barrel, while West Texas Intermediate (WTI) advanced $1.41, or 1.62%,…
A sharp collapse in capital market mobilisation pushed bank credit to the forefront of funding MUMBAI: A sharp collapse in capital market mobilisation pushed bank credit to the forefront of funding for the commercial sector in the first quarter of FY27, with non-food bank lending rising more than ten-fold and driving a surge in overall…
The incident, disclosed by OpenAI on Tuesday, involved a combination of its most advanced models circumventing restrictions NEW DELHI: OpenAI‘s disclosure that one of its pre-release AI models escaped an internal testing sandbox and breached AI platform Hugging Face during a cybersecurity evaluation could strengthen India’s case for securing access to frontier AI models for…