Kotak’s Best Chance To Merge Axis Bank: Nomura

Kotak’s Best Chance To Merge Axis Bank

Axis Bank CEO’s request to revise down her term to Dec-18 (earlier Jun-21) has been accepted by the board. Our assessment suggests that Axis Bank will have to look for an external CEO, said Nomura in a research report.                         

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Wipro Falls As Company Says Profitability May Get Hit

Wipro Falls As Company Says Profitability May Get Hit

Shares of the Azim Premji-led company fell as much as 2.6 percent, the most in over two weeks to Rs 277.75 after the company said that its profitability may be impacted by 65-75 basis points in the March quarter as one of its telecom clients is undergoing insolvency proceedings, according to a PTI report.  

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