Axis Bank Ltd

Axis Bank and Kiwi join forces to introduce a Credit on UPI app, providing a comprehensive solution for RuPay credit card holders

Banks like HDFC, SBI, ICICI, limits daily UPI transactions

Voice-banking technology will be available in Hindi, Tamil and Telugu initially

Buzzing stocks: Coal India, Sona BLW, HDFC Life Insurance, Lupin, HDFC Asset Management, Aurobindo Pharma, Axis Bank, Sun Pharma, Kalpataru Power

Hitachi Energy’s total income rose to ₹1,336.30 crore from ₹1,142.13 crore in the same period a year ago

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The pick in capex, reflected in the better capacity utilisation levels and some capacity expansion, led to accelerated growth in Q3 and Q4 of FY23

Tata Steel, Central Bank, Spandana Sphoorty, Brookfield REIT, IDBI Bank, Patanjali Foods, Gujarat Containers, Prince Pipes, Angel One, Varun Beverages, Ambuja Cements, Fino Payments Bank, Cigniti, Axis Bank, Blue Star, Biocon

However, FPIs’ reduced their stakes in other private banks such as RBL Bank and IndusInd Bank

The stocks were trading lower after they missed estimates for the fourth quarter

Profit after tax was ₹6,625-cr, up 61% y-o-y and 13% q-o-q; For FY23, the net profit was ₹21,933-cr, 68% higher

Axis Bank attributed the loss to weak interest income growth and the impact of its $1.41 billion Citi deal.