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Axis Bank shares fell over 3% to a low of 1,014.65 on the NSE on Wednesday. 33.2 lakh shares are reported to have changed hands in this block deal. Now news is coming about the block deal. Information about buyers and sellers could not be immediately obtained. Axis Bank shares saw a strong jump as 92 lakh shares were being traded on NSE around 2 pm. Axis Bank shares are lagging the market and have declined about 8% in the last one year. The decline so far in 2025 is 4.5%. The overall negative sentiment prevailing in the market and the poor performance of the bank itself has further increased the weakness in Axis Bank shares. Nifty's 1-year gain was 5% while banking gauge Nifty Bank recorded a gain of less than 1%. The private lender will announce its Q3FY25 earnings on T...

The Centre's direct tax collections, after refunds, rose 15.9% year-on-year to Rs 16.9 lakh crore in the current fiscal till January 12, according to data released by the Finance Ministry on Monday. The growth in direct tax collections so far has been higher than the 12.8% growth estimated in the Budget, mainly due to a rise in net non-corporate tax (mainly personal income tax) collections. As of January 12, collections from net non-corporate taxes were over Rs 8.74 lakh crore, up 21.6% year-on-year, and net corporate tax collections were around Rs 7.68 lakh crore, up 8.2% year-on-year. The Budget had projected a 14% year-on-year growth in personal income tax collections and 12% growth in corporate tax. Besides, net collections from securities transaction tax (STT) so far this fi...

According to a statement issued by the Union Ministry of New and Renewable Energy (MNRE) on Monday, India's total renewable energy installed capacity recorded a robust double-digit growth of 15.84 percent by December 2024, rising from 180.80 GW in December 2023 to 209.44 GW. The total capacity added during 2024 was 28.64 GW, showing a significant year-on-year growth of 119.46 per cent, compared to 13.05 GW added in 2023, the statement said. The solar energy sector led this growth with an addition of 24.54 GW, representing a 33.47 per cent increase in its cumulative installed capacity, from 73.32 GW in 2023 to 97.86 GW in 2024. Wind power also contributed to this expansion, with an additional 3.42 GW installed in 2024 taking the total wind capacity to 48.16 GW, an increase of 7.64...

Tech Mahindra Ltd shares rose 3.51 per cent on January 10, contributing to the positive momentum of the Nifty IT index, which was the only sector to gain in the overall Indian stock market today. It also marks the highest one-day gain for the stocks in a 21-week period. Tech Mahindra Ltd is expected to announce its Q3 FY25 financial results after market close on January 17, 2025. The shares are currently trading at Rs 1,704.45, up 3.75 per cent at 12:11 pm on January 10. In an exchange filing, Tech Mahindra informed that its board of directors will meet on Friday, January 17, 2025. The primary agenda of this meeting is to consider and approve the company's financial results for the quarter ended December 31, 2024. The earnings are expected to be announced after the market closes,...

Driven by Zomato's food delivery business and Blinkit's GMV growth, homegrown brokerage firm Kotak Institutional Equities has retained its 'buy' rating on the stock with a target price of Rs 305, as it expects the company to perform well in the third quarter.This implies an upside potential of 22.3% for the stock from current levels."We expect food delivery to report sequential contribution margin improvement driven by higher platform fees. Rapid store additions at Blinkit (moving towards 1,000-store target) and higher customer acquisition costs (CAC) may weigh on EBITDA margins," Kotak Equities said in its report.The brokerage firm expects 19% YoY growth in food delivery GMV and 114% YoY growth in Blinkit GMV.Additionally, contribution margin is estimated to reach 7.8% of GMV, indicating...

Gold prices rose ₹61 to ₹77,592 per 10 grams in futures trade on Wednesday (January 8), supported by fresh positions by speculators and persistent demand in the spot market.Gold prices also rose marginally globally.In New York, gold futures rose 0.10% to $2,651.27 an ounce.Buying by central banks is supporting gold prices. Global central banks added 53 tonnes to their reserves in November 2024.The Reserve Bank of India (RBI) added 8 tonnes to its gold reserves last month, taking its total purchases for this year to 73 tonnes.This strengthened India's position as the second-largest buyer of gold in 2024 after Poland.China also expanded its reserves by 5 tonnes in November, indicating rising demand amid global economic uncertainty."Central bank purchases continue to be a key driver for gold...

Suzlon Energy share price today: Shares of renewable energy provider Suzlon Energy Ltd fell over 4% on Monday after it received an income tax demand of Rs 1.01 crore for FY17 from the Ahmedabad Income Tax Department. The multibagger stock fell 4.43% to Rs 59.21 on the BSE against its previous close of Rs 61.96. The company's market cap stood at Rs 80,915 crore. The company said in an exchange filing that the demand relates to penalty imposed for not allowing late payments relating to employee contributions to PF/ESI during FY17. The company plans to appeal against the penalty and is confident of a favourable outcome. Suzlon Energy stock has gained 46% in one year and 481% in two years. The multibagger stock clocked a turnover of Rs 34.89 crore on BSE in today's session with a tur...

Yes Bank, South Indian Bank, Bank of Maharashtra shares rose up to 5% on January 3 as these banks reported strong business performance in the third quarter. Yes Bank reported a nearly 15% growth in deposits to Rs 2.77 lakh crore in the December quarter. The Mumbai-based bank's loans and advances grew 13% to Rs 2.45 lakh crore. Yes Bank shares were trading 2.3% higher at Rs 20.04 per share at 12:30 pm on January 3. Meanwhile, Bank of Maharashtra said its gross advances grew 21% year-on-year to Rs 2.29 lakh crore in the October-December quarter. In the December quarter, the bank said its total business grew 17% year-on-year to Rs 5.07 lakh crore and its total deposits grew 13.5% year-on-year to Rs 2.79 crore. At 12:35 pm on January 3, Bank of Maharashtra shares were trading 5...

Hero MotoCorp shares fell over 3 per cent to Rs 4,159 on January 3 after the automaker reported weak sales data for December. In the last 3 months, the two-wheeler maker's stock has declined over 25 per cent, compared to a 4 per cent decline in the benchmark Nifty 50 index. In December 2024, the company's sales declined 18 per cent year-on-year to 3.24 lakh units as against 3.93 units in the same month a year ago. Domestic sales also declined 22 per cent year-on-year to 2.94 units from 3.77 units, while exports grew 91 per cent year-on-year to 30,754 units. Meanwhile, motorcycle sales declined 15.8 per cent year-on-year to 2.9 lakh units, while scooter sales declined 32.8 per cent year-on-year to 26,390 units. Going forward, Hero MotoCorp plans to launch premium motorcycles an...