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Axis Bank Share Price: Axis Bank's shares declined by 5.8% in early trading on Thursday, dropping to a day's low of Rs 1,168.25 following its announcement of a lower-than-expected net profit of Rs 6,035 crore for the quarter ended June 30, 2024. The profit showed a 4% increase compared to Rs 5,797 crore reported in the year-ago period.
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News and Media
Following the implementation of the T+1 framework, dividends are distributed to shareholders listed in the company's database on the record date. Normally, the record date and ex-date align unless a market holiday follows the ex-date. Under this framework, shareholders who purchase the stock at least one day before the ex-date qualify for dividends, with settlement occurring the next day.
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News and Media
India considered easing investment restrictions on some Chinese firms to boost domestic manufacturing. Discussions were held on exemptions for hi-tech sectors like solar modules. Relations between the two countries had strained post-2020 border clash. The government's Economic Survey report suggested attracting more Chinese investment to enhance manufacturing similar to East Asia.
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News and Media
Rupert Murdoch, in a legal dispute with three of his children over the family's media empire, sought to ensure his son Lachlan would lead the company. Murdoch argued this was necessary to maintain its conservative stance and commercial value. A trial is set for September to determine if his actions were in good faith.
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News and Media
We expect that Asian Paints will see more hike in the coming weeks because that is the pricing power and they want to have margins in a more comfortable band of margins.
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News and Media
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