Axis Bank anticipates disbursing over ₹10,000 crore in MSME loans via the Emergency Credit Line Guarantee Scheme 5.0. The bank is also on track to add over 500 branches by FY27, recognizing the importance of physical presence for reaching underserved MSME clients. Axis Bank’s MSME portfolio, already substantial at ₹3 lakh crore, continues its robust...Read More

Indian markets experienced profit booking, falling over a percent amidst a weak global trend. Key stocks like Vedanta, Honasa Consumer, IRCTC, Bajaj Auto, and Infosys are in focus due to significant developments. Vedanta saw a major promoter stake sale, while Honasa Consumer plans an acquisition. Bajaj Auto reported a ransomware attack, and IRCTC’s CMD resigned.Read More

SEBI is proposing a significant overhaul of advertising rules for financial entities, aiming for a unified framework. The changes would allow celebrity endorsements at the brand level, while most advertisements will shift to a post-issuance reporting system, enhancing efficiency and relevance. This move acknowledges the widespread use of celebrity endorsements for brand building, but safeguards...Read More

The Indian rupee weakened by six paise against the US dollar on Tuesday, closing at 94.73. This dip was primarily driven by a surge in the dollar index to a one-year high, fueled by anticipation of a US Federal Reserve rate hike. Dealers indicated that global dollar strength, not domestic issues, impacted the rupee’s performance....Read More

India’s IPO market is poised for a strong comeback in July, with over a dozen companies planning to raise approximately ₹45,000 crore. Major offerings from SBI Funds Management, Manipal Health Enterprises, and Zepto are leading the charge. Favorable market conditions, robust domestic investor participation, and easing global uncertainties are fueling this resurgence, signaling a positive...Read More

Technology stocks experienced a significant downturn, pulling major indices lower as a sharp selloff in Korean chipmakers raised concerns about the sustainability of the AI-driven market surge. Nvidia and Micron were among the biggest decliners. This dip, triggered by reports of SK Hynix slowing AI chip expansion, has investors reassessing valuations and demand for AI...Read More