Sebi has permitted portfolio managers to transfer their PMS business—partially or fully—after regulatory approval. The move aims to simplify compliance, improve business flexibility, and ensure investor protection under new transfer norms effective immediately.
Axis Bank shares rise 2% as lender set to invest Rs 1,500 crore into NBFC arm Axis Finance
Axis Bank shares gained after the lender approved a Rs 1,500 crore capital infusion into its NBFC arm, Axis Finance. The move follows a pause