Bain Capital to sell a 1.24% stake in Axis Bank on Tuesday
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Bain Capital held a 4.24% stake in Axis Bank through its three funds - BC Asia Investments VII, BC Asia Investments III, and Integral Investments South Asia IV - as on September 30
from Stocks-Markets-Economic Times https://ift.tt/Y9QkhjG
The company reported a profit before tax (PBT) of Rs 50.8 crore compared to a loss of Rs.2.6 crore in the same period last year and a PBT Rs 52.4 crore in the Jan-March quarter of the last fiscal year. In the first quarter of this fiscal year, the company considered a share-based compensation charge of Rs 6 crore, excluding which the profit before tax was Rs 56.8 crore. from Stocks-Markets-Economic Times https://ift.tt/biomg7W
On a consolidated basis, the company's net income declined 6% to Rs 623 crore from Rs 664 crore and the total income rose 23% to Rs 4,137 crore. Last year, the write-back provision was higher, and given the improving asset quality, there wasn't much benefit this time. from Stocks-Markets-Economic Times https://ift.tt/0QtirjC
The census results showed that the United states followed by Mauritius, the United Kingdom and Singapore accounted for 60 percent of the inward FDI in the country in 202-23. In case of overseas direct investment - ODI - also, Singapore, the United States and the United Kingdom and the Netherlands were among the top four destinations accounting for 60 percent of the Rs 9.1 lakh crore invested by Indian entities in 2022-23. from Stocks-Markets-Economic Times https://ift.tt/nDI9BbW
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