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Govt raises ₹4,000 crore from Axis Bank stake sale Updated: Updated: Share Article AAA The government has raised ₹4,000 crore through the sale of about 1.95% stake held in Axis Bank through the Specified Undertaking of the Unit Trust of India (SUUTI). The offer for sale of Axis Bank shares, that began on Wednesday, got ‘a good response from investors with SUUTI garnering about ₹4,000 crore (subject to reconciliation),’ said DIPAM Secretary Tuhin Kanta Pandey. SUUTI, which was set up to take care of the assets of the erstwhile Unit Trust of India scheme called US-64, is expected to...

SGX Nifty signals a 70-point gap-down opening for Nifty

Indiabulls Housing Finance, Prism Johnson, Mas Financial Services, TCI Express, JK Tyres and Heritage Foodsare among companies that will announce their March quarter results today.

After two days of strong gains, Indian benchmark indices could take a breather amid tepid global market cues and some profit-taking at the higher levels. Although, lack of a fresh spurt in Covid cases could help cap the downside. Besides, the Q4 earnings season has been healthy so far, providing support to market sentiments. At 7.30 am, SGX Nifty was trading 80 points lower at 15,081, indicating a negative start for the benchmark indices. In the overnight session, US stocks declined for a second day with losses steepening in the final 15 minutes of trading as investors weighed the rush to ...

Here are the top stocks to track in today's session: Earnings Today: IOC, Indiabulls Housing Finance, JK Tyre & Industries, Tanla Platforms and Zuari Agro Chemicals are among 25 companies slated to post their March quarter results today. Tata Motors: Auto major Tata Motors reported a surprise consolidated net loss of Rs 7,605 crore for the quarter ended March 31, 2021, mainly on account of asset write downs in subsidiary Jaguar Land Rover (JLR). According to a consensus estimate of Bloomberg, Tata Motors was expected to report a net profit of Rs 2,774.10 crore. Axis Bank: The government will...