Axis Bank News

Apple Pay set for India launch next month with Axis Bank credit cards: Report

Midcap mutual funds have delivered exceptional wealth creation over the past decade, with all 20 schemes boasting a full 10-year track record emerging as multibaggers. But can the category repeat that performance? Experts point to strong earnings growth and structural opportunities, while warning that elevated valuations, volatility, crowded trades and a limited stock universe could constrain future returns.

NSE MD Ashish Chauhan clarified that the exchange will not seek Sebi approval to list or trade its shares on its own platform. Under Sebi rules, a recognised exchange can list only on another exchange, meaning NSEs upcoming IPO is expected to result in a BSE-only listing.

Warren Buffetts $37 billion acquisition of Precision Castparts, once acknowledged as an expensive mistake, may finally be paying off. Supply shortages and GE Aerospaces rival acquisition have reportedly lifted Precision Castparts value to about $100 billion.

Looking ahead, Oriental Insurance Company projects a profitable turnaround by 2026-27, facilitated by a planned stake dilution in the National Stock Exchange through an upcoming IPO. The company plans to offer close to 49.57 lakh shares in this process. Such a move is anticipated to enhance financial stability and liquidity, with subscriptions commencing on September 17, marking a key milestone for the insurer.

Three stocks have emerged as top technical picks for the week, with Apollo, Laurus Labs and Eternal showing positive chart setups. Apollo is expected to move towards Rs 450 after a falling channel breakout, while Laurus Labs could target Rs 2,100 amid a strong uptrend. Eternal also looks poised for a short-term recovery, with a target of Rs 347.

Over 90 companies have fixed September 18 as the record date for dividends and other corporate actions. Victoria Mills leads with a Rs 50 per share dividend, followed by Sharda Motor Industries at Rs 20. The list also includes several companies announcing dividends, while Oriana Power and Kairosoft Ai Solutions have set record dates for stock splits.

GFF 2026: Axis Bank CEO Amitabh Chaudhry sees credit growth slowing to 15-16%, flags rate hike risk

Axis Bank’s HQ hunt leaves 3,000 staff scattered across Mumbai

GFF 2026: Axis Bank, J.P. Morgan see banking move from AI that knows customers to AI that acts

Market wrap: BEL, HUL, ICICI Bank, Axis Bank top gainers and losers on Nifty and Sensex on Tuesday