New Delhi, April 25 (IANS) Axis Bank on Saturday reported a marginal decline in its employee headcount at the end of the financial year 2025–26, attributing the reduction to sustained investments in technology that have begun to yield productivity gains.Speaking during a post-earnings conference call, managing director and chief executive Amitabh Chaudhry said the trend of headcount optimisation is a natural outcome of the bank’s long-term focus on digital transformation.He noted that consis…
Latest Axis Bank News & Updates
Mumbai, April 25 (IANS) Private lender Axis Bank on Saturday reported a 0.64 per cent drop in profitability for the March quarter (Q4) of FY26, with net profit dropped 0.64 per cent year-on-year (YoY) to Rs 7,071 crore.The lender had posted a net profit of Rs 7,118 crore in the corresponding quarter of the previous financial year (Q4 FY25), according to its latest stock exchange filing.The bank’s interest income showed healthy growth during the quarter, rising 4.7 per cent to Rs 32,724 crore f…
Mumbai, April 22 (IANS) The Indian equity benchmarks traded lower in early hours on Wednesday, even after President Donald Trump announced an extension of the fragile ceasefire between the US and Iran.Sensex declined as much as 0.62 per cent, or about 500 points, to 78,779, while Nifty traded at 24,434, down 142.2 points or 0.57 per cent, amid selling pressure in IT, banking, pharma and healthcare stocks such as Max Healthcare, ICICI Bank, Axis Bank, HCL Tech and Apollo Hospitals. Meanwhile, Nif…
New Delhi, April 10 (IANS) India should brace for geopolitical disruptions every one to two years and use the current pause in geopolitical tensions to push through long‑pending structural reforms, Prime Minister’s Economic Advisory Council (EAC-PM) Member and Axis Bank chief economist Neelkanth Mishra said on Friday.The pause in hostilities offers a window to “hard‑wire resilience into growth” by accelerating reforms in electrification, housing, urban infrastructure and tourism, Mishra …
Mumbai, April 9 (IANS) The Indian equity markets opened on a cautious note on Thursday after witnessing a sharp rally in the previous session. Benchmark indices declined amid investor concerns over escalating geopolitical tensions, as reports suggested that Israel had attacked Lebanon’s Hezbollah, raising fears of a possible disruption in the Strait of Hormuz.Sensex traded 560 points or 0.72 per cent lower at 77,003, hitting an intra-day low in early trade, while Nifty fell as much as 182 poin…
Mumbai, April 2 (IANS) Indian stock markets opened sharply lower on Thursday, with key equity benchmarks declining more than 1 per cent amid fresh escalation in the West Asia conflict.Sensex opened at 72,262, down 872 points or 1.19 per cent, while the Nifty fell 1.31 per cent or around 300 points to open at 22,383.40. Both the indices fell further as trading progressed in early hours.All sectors opened in the red, with banking, realty, chemicals, auto, metal, and healthcare among the top losers…
Mumbai, March 30 (IANS) Indian stock markets ended the last trading session of fiscal year 2026 on a weak note, dragged down by rising global tensions due to the ongoing Middle East conflict. The prolonged war has raised concerns about economic growth and inflation, leading to heavy selling across equities.The benchmark Nifty fell sharply by 2.14 per cent, or 488.20 points, to close at 22,331.40. Similarly, the Sensex dropped 2.22 per cent, or 1,635.67 points, ending the session at 71,947.55.Com…
Mumbai, March 30 (IANS) Banking stocks came under heavy selling pressure on Monday, with the Bank Nifty index falling over 2 per cent in the early trade, as the Reserve Bank of India’s (RBI) recent measures aimed at supporting the rupee came into effect.All constituents of the Bank Nifty traded in the red, indicating broad-based weakness across the banking pack. The index declined as much as 2.65 per cent, or 1,386.45 points, to 50,888.15, hitting an intraday low around 10:45 a.m. It was tradi…
Bhubaneswar, March 25 (IANS) The Odisha Police have arrested a man from Kolkata in connection with a multi-crore online investment scam in which a businessman from Cuttack was duped of more than Rs 12.33 crore, a senior Crime Branch official said on Wednesday.The 36-year-old accused, identified as Rahul Jaiswal, is a resident of Maniktala Main Road, Kakurgachi, Kolkata, West Bengal. The police further ascertained that the accused Jaiswal is an MBA graduate and is currently self-employed.The seni…
Mumbai, March 19 (IANS) Indian equity markets opened sharply lower on Thursday, tracking weak global cues as escalating geopolitical tensions in the Middle East triggered a surge in crude oil prices.Sensex plunged 1,953 points or 2.55 per cent to 74,750, while Nifty also witnessed heavy selling pressure, declining 580 points or about 2.4 per cent, before recovering a bit in early trade.Among stocks, HDFC Bank, Shriram Finance, Larsen & Toubro (L&T), TMPV, Axis Bank, HDFC Life and IndiGo …