Business
Sensex sets record high, but ends in negative; Nifty too ends flat in volatile session
The gains in the early morning trade in BSE Sensex was driven by gains in index majors HDFC twins, Kotak Bank and Reliance Industries amid a positive trend in global markets
Business
Axis Bank, Max Financial Services shares gain up to 6.6% after lender raises stake in Max Life Insurance
Shares of Axis Bank and Max Financial Services on Tuesday gained up to 6.6 percent after the bank decided to raise its stake in Max Life Insurance to 30 percent
India
Axis Bank signs deal to acquire 29% stake in Max Life Insurance, raises its total share to 30%
In a regulatory filing, Axis Bank said that the transaction is subject to approval of Reserve Bank of India (RBI), Insurance Regulatory Authority of India (IRDAI) and Competition Commission of India (CCI)