Sebi fines Axis MF former dealer for front-running

Sebi imposed penalties totaling ₹7.5 crore on Viresh Joshi and 20 others. The former Axis Mutual Fund chief dealer orchestrated a front-running scheme. He misused confidential information to generate illegal gains for himself. Joshi and Dubai-based trader Prijesh Kurani received seven-year market

Indian bond rally may slow as foreign investor flows decrease. The benchmark government bond may trade in a tight range ahead. Higher government borrowing and interest rate uncertainty limit investor enthusiasm. Crude oil prices will remain a key factor dictating yield movements. Treasury gains

ICICI Bank successfully raised one billion dollars through its inaugural dollar bond sale. This strong investor demand allowed the bank to double its initial offering size. The successful transaction signals confidence in Indian bank credit from global investors. Other lenders are now preparing to r

Bank of Baroda's June-quarter profit fell 72% due to a large settlement payment. Other income also declined, impacting the bank's overall financial performance for the period. Shriram Finance reported a 60% increase in its standalone net profit for the first quarter. Bank of India's net profit jumpe

The Reserve Bank of India's interventions prevented the rupee from falling to a new record low. State-run banks sold dollars, and foreign investor inflows aided the currency's recovery. High oil prices and importer demand put pressure on the rupee throughout the day. Brent crude prices retreated