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Axis Bank witnessed a sequential decline in asset quality metrics for the June quarter due to seasonal effects on agriculture business. Gross non-performing asset ratio rose to 1.54%. Net profit marginally increased to Rs 6,035 crore as provisions doubled compared to the previous year. Credit costs are expected to rise, especially in the unsecured portfolio.

In her budget speech on Tuesday, finance minister Nirmala Sitharaman proposed to hike the short-term capital gains tax on all listed equity instruments to 20% from 15%. Long-term capital gains on listed equity instruments and specified financial and non-financial assets have been hiked to 12.5% from 10%. Moreover, the indexation benefit has also been removed from all the assets for computing long-term capital gains which will disallow any inflation adjustment, increasing the tax outgo.

The study showed 76% of these traders in intraday segment were under the age of 30 years. The share of traders less than 30 years of age grew to 48% in FY23 from 18% in FY19.

ET spoke to three top wealth managers for their portfolio recommendations for an investable sum of Rs 20 lakh. All three of them still recommend a majority allocation of 60-70% to equities and the rest to debt and gold.

Axis Bank on Wednesday reported a standalone net profit of Rs 6,035 crore for the quarter ended June 30, 2024 which was up by 4% year-on-year.

Aggregate holdings of foreign portfolio investors (FPI) in index-eligible fully accessible route (FAR) government bonds increased by ₹1,963.7 crore to ₹1.9 lakh crore on Tuesday, following the presentation of the FY25 budget.

Hitachi Energy India on Wednesday posted four-fold jump in net profit to Rs 10.4 crore for June quarter FY25 mainly due to higher revenues. The company had reported a net profit of Rs 2.4 crore for the year-ago period, it said in a BSE filing.

52-week high is the peak value a stock has reached over the preceding year. Its crucial for traders and investors.

Musk hypes everything but cars. The electric automaker reported a five-year low-profit margin and missed earnings estimates for the fourth consecutive quarter. Despite its market value of $785 billion surpassing other automakers, analysts caution that this valuation relies on future technologies yet to be realized.