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Axis Bank is pruning its overseas operation as part of a strategy of focusing Indian market.
Nifty has strong support at 14,400-14,200Nifty on the weekly chart has formed a negative candle at the highs, which signals inability of the bulls to maintain the highs. After the upside breakout of down sloping trend line resistance in the previous week, Nifty slip… Read MoreOver half of FY21 Covid mediclaims in just 6 weeksAs of March 31, non-life companies, including health insurers, received 9.8 lakh claims for Rs 14,560 crore for Covid treatment. This went up to 14.8 lakh as of May 14, 2021, for Rs 22,955 crore. This means that in the first … Read MoreRBI opposes fresh insolvency freezeIn initial discussions with the government, the RBI has indicated a freeze will not help anyone in the long run as it will only show lower level of non-performing assets (NPAs), government sources told TOI. The government has… Read MoreAdani Transmission to raise $1.15b via offshore loans“The company is working on a dedicated structure through which the whole sum will be raised for those four projects,” said one of the people. The four include the Western Region Strengthening Scheme, Lakadia Banaskantha Trans… Read MoreRBI raises concerns over dual microfinance regulation in AssamDuring the first meeting of the newly formed Assam government and microfinance stakeholders in Guwahati on Saturday, RBI officials are said to have argued that banks and non-bank microlenders, which are regulated by it and op… Read More
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