Technically, prior to this announcement, the price structure of SBI Life Insurance Company and Max Financial Services were highlighting a bullish sentiment and were on the verge of the next up move
Max Life and Max Financial Services are committed to going ahead with the deal with Axis Bank, which will see the latter acquire another 7 per cent stake in the life insurance company, said the CEO
The three stocks are part of several other domestic companies likely to get added to FTSE indices. Adani Transmission is likely to see the largest inflows at $121 million
Coal India Limited is debating on hiking coal price for the regulated sector and may take a call soon, a senior official said
Sectorally, the Nifty Metal, PSU Bank, and Bank indices advanced 25 per cent, 40 per cent, and 20 per cent, respectively during the February F&O series
Wipro announced the appointment of Rene Mulder as Country Head and Managing Director of its Switzerland operations
Max Financial Services Ltd reported 54 per cent jump in its consolidated net profit to Rs 227 crore in the third quarter ended December 2020
Irdai's approval takes Max Financial Services one step closer to the consummation of its deal with private lender Axis Bank
With 72 per cent gains in six months, the stock is an outperformer in the pack; monthly premium numbers don't provide comfort
Axis Bank had initially planned to raise its stake in the insurer to 30 per cent for about Rs 1,590 crore
Grasim is witnessing a breakout from the range where it has spent the last two months
All that happened in the markets today
Irdai has asked them to factor in some alternate mechanisms subject to regulatory approvals.
Share sale by fund house had led to speculation on promoters' pledged shares being invoked
Corporate results will continue to pour in throughout the week. Investors will first react to HDFC's and other results that were announced over the weekend
Capital, Bharti Infratel, Coffee Day Resorts and Max Financial Services, this is its largest investment in Asia
Axis Bank and Max Financial Services today announced the signing of definitive agreements to become joint venture partners in Max Life Insurance Company
Among the buyers of the shares was SBI Mutual Fund, which bought 16.70 lakh scrips