Axis Bank will inject Rs 1,500 crore into its subsidiary, Axis Finance, by March 2027. This capital infusion will be through a rights issue. The bank had previously considered selling a stake in Axis Finance but shelved the plan. This decision follows revised RBI guidelines allowing group entities to operate in similar businesses.
Bajaj Auto shares rise 3% after August sales jump 28% YoY
Bajaj Auto shares rose on Tuesday after the two- and three-wheeler maker reported a 28% year-on-year increase in August sales. Strong export growth drove the