Indian Market

Amazon to Acquire Bengaluru-Based Digital Lender Axio, Regulatory Approval Pending

Amazon to Acquire Bengaluru-Based Digital Lender Axio, Regulatory Approval Pending

/ Indian Market /

E-commerce giant Amazon is set to acquire Axio (formerly Capital Float), a Bengaluru-based digital lending firm, marking a significant move into India’s growing fintech market. The deal was finalized in December 2024 after thorough due diligence and is now awaiting regulatory approvals, as confirmed in a blog post by Axio’s founders. This acquisition extends the […]

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HDFC Life Q3 Net Profit Jumps 14% YoY to ₹415 Crore, Beats Key Expectations

HDFC Life Q3 Net Profit Jumps 14% YoY to ₹415 Crore, Beats Key Expectations

/ Indian Market /

HDFC Life Insurance Company reported a 14% year-on-year increase in net profit for Q3 FY25, reaching ₹415 crore compared to ₹365 crore in the same quarter last year. The company also recorded a 10% rise in net premium income to ₹16,771 crore, up from ₹15,235 crore, according to its stock exchange filings. The insurer outperformed

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Axis Bank Shares Hit 14-Month Low After Block Deal, Analysts Predict Q3 Growth

Axis Bank Shares Hit 14-Month Low After Block Deal, Analysts Predict Q3 Growth

/ Indian Market /

Shares of Axis Bank, India’s third-largest private lender, dropped to a 14-month low on January 15 after a block deal involving 43.6 lakh shares was executed during the trading session. The details of the buyer and seller remain undisclosed. Axis Bank was trading at 1,025.5 rupees, down 2.5% on the day on the NSE at

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Vedanta Creditors to Decide on Business Split in February

Vedanta Creditors to Decide on Business Split in February

/ Indian Market /

Vedanta Ltd.’s creditors will convene on February 18 to finalize their decision on a proposal to divide the Indian mining conglomerate into five distinct businesses. This move is part of a broader strategy to streamline operations and manage the company’s significant debt. The scheme of arrangement would divide Vedanta’s businesses into an aluminum, oil and

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Aditya Birla Fashion Plans Rs 2,500 Crore Fundraising Through QIP and Preferential Issue

Aditya Birla Fashion Plans Rs 2,500 Crore Fundraising Through QIP and Preferential Issue

/ Indian Market /

Aditya Birla Fashion and Retail Ltd (ABFRL) announced on January 15 that its board has approved a preferential issue of equity shares and plans to raise significant funds through Qualified Institutional Placement (QIP). The preferential issue comprises up to 4.08 crore equity shares to promoters at Rs 317.45 apiece and 3.96 crore shares to institutional

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JSW Energy Shares Jump 7% After Securing KSK Mahanadi Power Plant Acquisition

JSW Energy Shares Jump 7% After Securing KSK Mahanadi Power Plant Acquisition

/ Indian Market /

Shares of JSW Energy surged 7% on January 14 after the company received a Letter of Intent (LoI) to acquire KSK Mahanadi Power Company, which is currently undergoing insolvency proceedings. The acquisition involves a 3,600 MW thermal power plant located in Chhattisgarh, positioning JSW Energy for significant capacity growth. By 12:10 PM, the company’s shares

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Adani Energy Solutions Shares Surge 12% on Strong Q3 Business Growth

Adani Energy Solutions Shares Surge 12% on Strong Q3 Business Growth

/ Indian Market /

Shares of Adani Energy Solutions Ltd (AESL) soared over 12% on January 14, driven by the company’s robust operational performance in the October-December quarter (Q3) of FY25. By 11:05 am, the stock was trading at approximately ₹774 per share. In a regulatory filing, AESL announced a significant expansion of its transmission network, which reached 26,485

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Delta Corp Shares Decline Over 3% Following Weak Q3FY25 Earnings

/ Indian Market /

Delta Corp’s shares fell over 3% to ₹106 on January 14 after the company announced disappointing results for the third quarter of FY25. The online gaming and casino operator reported a muted performance, leaving investors unimpressed with its financial metrics. The company posted a modest 3.5% year-on-year (YoY) growth in net profit, amounting to ₹35

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Afcons Infra Shares Partially Recover After Winning Rs 4,800 Crore Pune Road Projects

Afcons Infra Shares Partially Recover After Winning Rs 4,800 Crore Pune Road Projects

/ Indian Market /

Afcons Infrastructure Ltd, a flagship of Shapoorji Pallonji Group, has emerged as the lowest bidder for two big-ticket road construction projects in Pune, estimated to be worth Rs 4,800 crore. An exchange filing on January 13, to this effect, boosted market sentiment. The stock had rebounded partly from the early losses and traded 3.37% off

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