Axis AMC acquires Axis Securities’ PMS business; combined AUM to cross ₹15,000 crore

Axis AMC acquired Axis Securities’ PMS business, expanding into HNI/UHNI segments. Combined PMS AUM exceeds ₹15,000 crore. Naveen Kulkarni appointed CIO for PMS.

Axis AMC acquired Axis Securities’ PMS business, expanding into HNI/UHNI segments. Combined PMS AUM exceeds ₹15,000 crore. Naveen Kulkarni appointed CIO for PMS.

Vishal Mega Mart’s EBITDA margin remained unchanged at 14.6%, while net profit for the period stood at ₹259 crore, a growth of 26% from last year’s figure of ₹206 crore.

CIE Aumtotive India was among the top losers on the Nifty 500 after the company announced its June-quarter earnings and disclosed the resignation of Rajendra Vadlapudi, Chief Executive Officer of its Iron Casting Division.

Zydus Life said that the approval follows the successful completion of a Phase II proof-of-concept trial, jointly conducted by Zydus and ICMR, which met its primary endpoint and demonstrated positive efficacy and safety outcomes.

Eternal’s FY26 operating data showed Blinkit processed 916.6 million orders during the financial year, compared with 640.2 million for Zepto and 412.2 million for Swiggy Instamart, bringing its order volumes almost equal to those of the two rivals combined.

Infosys Q1 Results Live Updates: Bengaluru-based technology services provider Infosys Ltd. will be reporting its June quarter results after market hours on Thursday, July 23. A CNBC-TV18 poll expects its US Dollar revenue to grow by 1.7% on a sequential…

Manishi Raychaudhuri, Chief Executive Officer of Emmer Capital Partners, said the recent jump in oil prices poses a challenge for India, one of the world’s largest crude importers.

Gold and silver prices decline on profit booking, interest rate outlook, and geopolitical uncertainty. Investors eye Fed meeting.

Infosys’ growth during the quarter is likely to be driven by a healthy two-month contribution from its recent acquisitions, Optimum and Stratus.

CLSA has downgraded shares of IndusInd Bank after Q1 results but raised its price target. On the other hand, Jefferies also remains bullish and also raised its price target on the stock.