Latest News & Videos, Photos On Finance

08 May

Kotak Mahindra Bank Set to Acquire Near 10% Stake in Peer Banks

nanikaFinance

In a significant development for the Indian banking sector, the Reserve Bank of India (RBI) has granted approval to Kotak Mahindra Bank to acquire up to a 9.99% stake in both AU Small Finance Bank and Federal Bank. The approval, dated May 6, allows Kotak Mahindra Bank, along with its various subsidiaries and managed funds, to hold an "aggregate holding" of up to 9.99% of the paid-up share capital or voting rights in these two institutions. The news was confirmed through separate regulatory filings made by AU Small Finance Bank and Federal Bank on Thursday. This move is seen as…

23 Apr

SBI Chief Navigates the Future of Digital Assets and Cyber Resilience

nanikaFinance

State Bank of India (SBI) Chairman Challa Sreenivasulu Setty has outlined a transformative vision for the future of financial markets, asserting that artificial intelligence (AI) will shift market infrastructure from reactive processing to "pre-emptive risk sentinels." Speaking at the silver jubilee celebrations of the Clearing Corporation of India Ltd (CCIL), Setty emphasized that AI and Machine Learning (ML) are no longer just buzzwords but essential tools for global financial stability. The SBI Chairman highlighted that AI’s primary value lies in its ability to analyze massive datasets involving historical transactions and counterparty behavior. By doing so, the technology enables real-time risk…

18 Mar

Axis Finance Set for Growth as Axis Bank Plans ₹1,500 Cr Infusion

nanikaFinance

Axis Bank has received approval from the Reserve Bank of India to infuse ₹1,500 crore into its wholly owned subsidiary Axis Finance, strengthening its non-banking financial arm.The bank announced that its board has cleared the capital infusion, which will be carried out in one or more tranches through a rights issue by March 31, 2027. The decision follows RBI’s approval communicated earlier this month, enabling the lender to proceed with direct funding.This move comes after a key regulatory shift. Earlier restrictions under RBI’s 2024 guidelines had prevented Axis Bank from injecting fresh capital into Axis Finance, forcing the lender to…

18 Feb

AU Bank, Torrent Pharma, Graphite India Emerge as Breakout Bets, Analysts Signal Upside

nanikaFinance

Indian equity markets have remained volatile in February, with the Nifty 50 swinging nearly 1,800 points between 24,572 and 26,341. Despite the turbulence, the benchmark index is up 1.3% so far this month, while broader markets have outperformed. The Nifty MidCap 150 has gained 2.5% and the Nifty SmallCap 250 is up 2.2%. Amid stock-specific action, analysts highlight breakout opportunities in select counters.Torrent Pharmaceuticals has surged nearly 8% in February, breaking above the key ₹4,200 resistance and trading near its 52-week high. The stock remains above its 50-day moving average of ₹4,014, with analysts expecting a move toward ₹4,400–₹4,550 as…

17 Feb

PSU Bank Index Hits Record High, Outperforms Nifty for Sixth Straight Month

editorFinance

Public sector bank (PSB) stocks extended their rally on Tuesday, pushing the Nifty PSU Bank index to a fresh high of 9,517.70 on the National Stock Exchange. The index gained over 2 per cent in intra-day trade and has risen 4 per cent in the last three sessions, taking its total surge to 41 per cent since September 2025.The index has now outperformed the Nifty 50 for the sixth consecutive month. In February 2026 so far, the PSU Bank index is up 5.5 per cent compared to a 2 per cent gain in the benchmark. In January, it climbed 5.7…

27 Oct

GIFT Nifty signals positive start for markets on global tailwinds

Purbalee DuttaFinance

GIFT Nifty signalled a positive opening for Indian benchmarks Nifty 50 and Sensex on October 27, suggesting a strong start to the week. Optimism stemmed from easing US-China trade tensions and expectations of a Federal Reserve rate cut following softer inflation data, which fuelled a rally in global equities. At 7:40 a.m., the GIFT Nifty traded at 25,910—up 45 points or 0.2%. On Friday, all three major US indices closed at record highs, supported by lower inflation and solid corporate earnings. The S&P 500 and Nasdaq posted their biggest weekly gains since August, while the Dow saw its largest rise…

24 Jul

Manipur’s exclusion from Union Budget sparks criticism, MP Angomcha Bimol Akoijam voices discontent

Priyanka BhowmickFinance, Lifestyle

The presentation of the Narendra Modi government's first budget of its third term by Union Finance Minister Nirmala Sitharaman has faced sharp criticism for neglecting the needs of Internally Displaced Persons (IDPs) in Manipur. Despite addressing flood concerns in several states, including Bihar, Assam, Himachal Pradesh, Uttarakhand, and Sikkim, Manipur was notably absent from the discussion, prompting a backlash from political figures. Lok Sabha MP Angomcha Bimol Akoijam expressed his discontent via X (formerly Twitter), highlighting the omission. “Absence thy name is Manipur — that's the budget speak! Nothing on flood and rehabilitation package for IDPs in the state,” Akoijam…

23 Jul

Capital gain tax increased, collapse in the budget

Banasree SarkarFinancesensex

Sensex plunged on budget day. The full budget presentation on July 23 was an important day for Indian markets. Finance Minister Nirmala Sitharaman announced new changes in the tax structure (share market) and increased the long-term capital gains tax for investors from 10 percent to 12.5 percent. And after him, the senses went down. Although it started with a fall this morning, quite a bit of a rise was noticed in the market (Union). But the market fell again by 1103 points. Although much stability returned to the market later, But the Sensex is still in the red. In the…

22 Jul

There is big news in these stocks today, find out

Banasree SarkarFinanceStock Market

The map of the market (Stock Market Today) will change at the beginning of the week. Equity indices started booking gains on Friday following weak cues from the share market. In that regard, shares of IDBI Bank, Suzlon Energy, RIL, HDFC Bank, Kotak Bank, and JSW Steel are in the headlines in today's trading. Wipro: IT firm Wipro last Friday reported a Q1 FY25 net profit of Rs 3,036.6 crore, up 5.2 percent Y-o-Y and 6.2 percent Q-o-Q. This beat the Bloomberg estimate by Rs 2,931 crore. India's fourth-largest IT services company marginally raised its revenue guidance for the second…