Nasdaq ended above 16,000 mark for the first time in terms of technical strength

The Nasdaq Composite Index closed above the 16,000 mark for the first time on Friday, in its second-straight record finish driven by technology stocks, while the shock of the pandemic sent the Dow into its fourth losing session in the past five. The Nasdaq and S&P 500 indexes both made a winning week, up 1.2% … Read more

Real capex will resume in 9-12 months. Amitabh Choudhary, CEO of Axis Bank says

Even as large corporations tighten greenfield and brownfield investment plans, Axis Bank CEO Amitabh Choudhary believes real capex will revive in the next 9-12 months indicating revival of credit offtake Will give Choudhary, who was re-appointed as the bank’s MD for another three years, tells Saloni Shukla that he had led the bank to a … Read more

Neobanks, the disruptor that has left India’s troubled bankers scrambling

Fintech disruption has led to a tectonic shift in the banking industry. Currently, there are 2000 fintech companies in India. In the last few years, there has been a tremendous growth in many online financial services in the form of digital payments, online banking, online investments, insurance solutions etc. One of the products of Fintech … Read more