Axis entities, including Axis Bank, Axis Capital, and Axis Securities, increase stake in Max Life Insurance to 19.99% from 19.02% with ₹336 crore acquisition, pending regulatory approval; Max Life’s FY24 gross premium income stands at ₹29,529 crore.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction