Stock Market

At Gold Silver Reports, we provide the latest stock market news and trading tips covering NSE, BSE, and global markets. Get expert analysis, intraday calls, and investment insights to make informed trading and investment decisions in the share market.

Axis Bank Is Set To Buy Citigroup’s $21.5 Billion India Retail Unit

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  • Axis Bank is nearing a deal to buy Citigroup Inc.’s India retail banking business in a transaction that could be valued at about $2.5 billion
  • An agreement for the consumer unit may be announced as soon as the next few weeks and is contingent on approval from the RBI
  • The deal would include a cash component of less that $2 billion, accounting for the consumer’s business’s liabilities.
  • Axis Bank emerged as the buyers with factors such as job security for current Citigroup employees and competition concerns being taken into account.
  • Axis Bank will need around six months to merge its consumer business with Citigroup’s

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Adani Wilmar Shares Decline Ahead Of Earnings

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Adani Wilmar Shares Decline Ahead Of Earnings
  • Shares of Adani Wilmar Ltd. fell over 7.5% in intraday trade.
  • This is the second day the shares have declined
  • Since its debut on Feb. 8, the stock has zoomed nearly 40% in just five sessions.
  • The company is scheduled to release its December-quarter earnings today.

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