Private sector lender Axis Bank on Thursday said it plans to raise up to ₹4,175 crores through the issuance of non-convertible debentures (NCDs) on a private placement basis. The coupon rate for the issue will be 7.65% per annum, the bank said in an exchange filing.
The said debentures rated 'AAA/Stable' by rating agencies CRISIL and ICRA, will be listed on the wholesale debt market segment of BSE and NSE.

Private sector lender Axis Bank on Thursday said it plans to raise up to ₹4,175 crores through the issuance of non-convertible debentures (NCDs) on a private placement basis. The coupon rate for the issue will be 7.65% per annum, the bank said in an exchange filing. The said debentures rated 'AAA/Stable' by rating agencies CRISIL and ICRA, will be listed on the wholesale debt market segment of BSE and NSE.

Indian equity markets ended lower on Friday, dragged by bank, auto and metal heavyweights.&nbsp;
The Sensex&nbsp;closed 202.05 points down at 41,257.74, Similarly, Nifty ended the day at 12,113.45, down 61.20 points or 0.50%.
GAIL, Infratel, IndusInd&nbsp;Bank, Eicher&nbsp;Motors and Power Grid were the top five Nifty losers. While, Yes Bank, Bharti&nbsp;Airtel, UPL, BPCL and HCL&nbsp;Tech were the top gainers.
During the week,&nbsp;Sensex&nbsp;and Nifty gained 0.3% and 0.1%, respectively. PSU&nbsp;Bank was the top losing index this week, down 4.4%.
At 4:30 PM, the India rupee was down 5 paise&nbsp;at 71.37 against the greenback.&nbsp;

Indian markets opened higher on Friday over global markets stabilising as China is set to halve tariff rates on certain US products with effect later during the day.
At around 9:25 AM, the BSE&nbsp;Sensex&nbsp;was high&nbsp;196.26 points at 41,656.05. Nifty was trading at&nbsp;12,237.10, up&nbsp;62.45 points or 0.51%.
Yes Bank, Tata Motors, BPCL, Asian Paints and Nestle India were leading the markets up.
The India rupee opened at 71.30 against its&nbsp;Thursday close of 71.32 per US dollar.&nbsp;

State-owned Bharat Petroleum Corporation's net profit&nbsp;jumped nearly three times to&nbsp;₹2,051&nbsp;crore for the third quarter of the current fiscal year.&nbsp;BPCL had reported&nbsp;a net profit of&nbsp;₹698&nbsp;crore in the corresponding quarter of previous year. Revenue from operations, however, dropped to&nbsp;₹85,926&nbsp;crore from&nbsp;₹89,324&nbsp;crore a year ago on lower oil prices.&nbsp;Operating profit rose 13.8% to&nbsp;₹2,703 crore.

Vodafone Idea on Thursday reported a consolidated net loss of ₹6,438.8 crore for the quarter ended December 31, 2019. During the same period of the last fiscal, the company had reported a net loss of ₹5,004.6 crore. In a regulatory filing, the telecom major also raised concerns over its survival on the back of AGR dues, existing loans and increase of interest rates by certain lenders.
The company's ability to continue dependent on a positive outcome of the modification application before the Supreme Court.

Benchmark indices&nbsp;ended lower on Thursday&nbsp;tracking negative Asian markets as coronavirus cases spiked. Selling in private banks and metal stocks dragged the indices further.
Sensex on Thursday closed 106 points lower at 41,459.79. Similarly, Nifty ended the day losing 26.55 points at&nbsp;12,174.65.
IndusInd&nbsp;Bank was the biggest Nifty loser, closing the day 3.57% down. Tata&nbsp;Steel, NTPC, ICICI&nbsp;Bank, Kotak&nbsp;Mahindra&nbsp;Bank and HDFC&nbsp;were the other top losers. While, Yes Bank, DrReddy, Zee&nbsp;Ltd, SBI&nbsp;and Titan gained over 2% each.
At 3:40 PM, the India rupee was trading at 71.346 against the US dollar, down 5 paise.

Stock markets fell in early trade on Thursday after govt data on Wednesday showed that industrial output had contracted by 0.3% in December.
At around 10 AM, the&nbsp;Sensex&nbsp;was down 0.30% at 41,440.04, the while the Nifty was trading at&nbsp;12,157.15, down 0.36%.
Private bank, auto and metal heavy-weights&nbsp;pulled the markets down. Kotak Mahindra&nbsp;Bank, Axis Bank, HCL&nbsp;Tech, IndusInd&nbsp;Bank and Adani&nbsp;Ports were the top Nifty losers.
Yes Bank, Titan, SBI, Zee&nbsp;Ltd and TCS&nbsp;were among the top five gainers.
The Indian rupee also traded lower by 8 paise at 71.41 against the US dollar.

Shares of IRCTC surged as much as 13% to&nbsp;₹1596.95 on Thursday after the company's Q3 profit nearly tripled to&nbsp;₹206 crore, from&nbsp;₹73 crore in the same period of the previous year.&nbsp;
Revenue from operations also increased 64.59% to ₹715.98 crore in Q3FY20. IRCTC has also announced a&nbsp;₹10 interim dividend per share.
&nbsp;

The US dollar rose as investors expressed confidence that the novel coronavirus outbreak will be contained soon.&nbsp;The dollar index, which measures the greenback against six major peers, rose 0.32% at 99.0435 in late trading on Wednesday.
The euro, and the pound sterling&nbsp;were down against the US dollar while the Australian dollar rose.&nbsp;Traditional safe-haven currencies Japanese yen and Swiss franc weakened against the greenback.
&nbsp;

Private lender Yes Bank said it has received non-binding expressions of interest (EOI) from at least four prominent investors. The bank also said it is in the process of raising funds, which will delay the announcement of its earnings for the December quarter to, on or before March 14.
Consequently, India Ratings and Research downgraded the bank from 'A' to 'A-' due to a delay in fundraising and lack of clarity over the amount that the lender wants to raise. The bank is on 'negative' watch of the rating agency.

Ashok Leyland's&nbsp;consolidated net profit declined 86% to ₹57&nbsp;crore for the third quarter of the current fiscal. The company had posted a net profit of ₹429 crore for the December quarter of 2018-19. Revenue from operations declined to ₹5,188.84 crore for the third quarter as compared with ₹7,489.64 crore in the same period of previous fiscal, Ashok Leyland said in a regulatory filing.
&nbsp;

The Organization of the Petroleum Exporting Countries has&nbsp;said that the global demand for oil is expected to rise by 0.99 million barrels per day (bpd) this year, roughly 19% less than what was forecast.&nbsp;The coronavirus outbreak in China is the major factor behind this downward revision, the OPEC added.&nbsp;Following the report, the benchmark Brent crude spot price fell 0.81% to $56.35 per barrel on Thursday.

Stock markets rallied on Wednesday to close the day in green driven by private banks, autos and metals.
After touching the day's high of&nbsp;41,671,&nbsp;Sensex&nbsp;closed 349.76 points or 0.85% high at 41,565.90. Nifty surged&nbsp;93.30 points or 0.77% to close slightly above&nbsp;12,200.
Hindustan&nbsp;Unilever was the biggest gainer, ending the day 5% high. Kotak&nbsp;Mahindra&nbsp;Bank, Eicher&nbsp;Motors, ICICI&nbsp;Bank and Nestle India were the other top Nifty movers. Whereas, Yes Bank, Infratel, SBI, IndusInd&nbsp;Bank and BPCL&nbsp;were the top five losers.
Indian Rupee was trading at 71.31 against the US dollar, down 3 paise.

Indian equity markets open higher on Wednesday supported by the gains in global peers.
At 9:25 AM, Sensex&nbsp;was up 310.31 points or 0.75% at&nbsp;41,526.45. Similarly, the NSE&nbsp;Nifty was trading at 12,191.00, up 83.10 points or 0.69%.
Tata&nbsp;Steel, Vedanta, Tata&nbsp;Motors, JSW&nbsp;Steel and&nbsp;Grasim&nbsp;were the top Nifty gainers. While, Yes Bank, Infratel and&nbsp;IndusInd&nbsp;Bank&nbsp;were among the top losers.&nbsp;
Nifty Metal index gained the most among sectoral&nbsp;indices&nbsp;as it was high 1.38%. Nifty Bank and Auto also gained significantly.

Public-lender Allahabad Bank on Tuesday reported a ₹1,986&nbsp;crore net loss during the third quarter of FY20, due to higher provisioning. The bank reported ₹732&nbsp;crore&nbsp;net loss&nbsp;for the same period of the previous financial year.
Gross NPA&nbsp;ratio&nbsp;stood at 18.93% during the quarter as against 17.81% as on December 31, 2018. Net NPA significantly reduced to 5.13% from 7.70%.
The lender's provisions increased to ₹3,092.54 crore from ₹1,495.37 crore made during the same period of the previous financial year.
&nbsp;

Moody&rsquo;s Investors Service on Tuesday revised its outlook for IndusInd&nbsp;Bank to 'negative' from 'stable' due to concerns over decline in asset quality. Although, Moody&rsquo;s retained the bank's rating at 'Baa-3', the agency said. Baa3 denotes the lowest rating in investment grade on long-term corporate obligation, which carries moderate risks.&nbsp;
&nbsp;

Equity markets ended the day in green on Tuesday following positive sentiment in global markets.&nbsp;
The BSE&nbsp;Sensex&nbsp;closed at 41,216.14, up 236.52 points. The Nifty 50 rose 76.40 points to close the day at 12,107.90.
Metals, banks and pharma&nbsp;stocks pushed the Nifty up, as Nifty Metal index surged 0.87% followed by a 0.78% gain in Nifty Bank and 0.77% in Nifty Pharma.
GAIL, JSW Steel, Infratel, NTPC, Maruti&nbsp;and SBI&nbsp;were the top Nifty gainers. Yes Bank was the biggest loser, falling 2%. BPCL, Bharti Airtel, M&amp;M and Britannia were the other top losers.
&nbsp;

Indiabulls Real Estate on Monday reported a 75.69% decline in consolidated net profit at ₹49.27 crore for the quarter ended December 2019, mainly due to higher expenses.&nbsp;
Total income for the period increased marginally to ₹1,317.7 crore as compared to ₹1,287.59 crore in Q3FY19.
Total expenses of the company during the quarter rose 20% year-on-year to ₹1201.28 crore.
&nbsp;
&nbsp;

After rallying consistently&nbsp;in past four sessions, Gold and silver prices fell in India on Tuesday tracking a firmer rupee and muted global prices.
On MCX, gold prices fell sharply by 0.6% to&nbsp;₹40,455 per 10 gram, their first decline in four days. Tracking gold, silver futures&nbsp;also declined 0.4% to&nbsp;₹46,032 per kg. In past four sessions, gold prices had rallied about&nbsp;₹700 per 10 gram.

Infosys on Monday said that it will acquire Simplus, one of the fastest growing Salesforce platinum partners in the US and Australia for up to $250 million. The acquisition is expected to close during the fourth quarter of fiscal 2020.&nbsp;
Simplus is a leading provider and adviser&nbsp;in cloud consulting, implementation, data integration, change management and training services for quote-to-cash applications.
Infosys&nbsp;says, the acquisition further consolidates&nbsp;Infosys'&nbsp;position as an end-to-end Salesforce enterprise cloud solutions and services provider, offering clients unparalleled capabilities for cloud-first digital transformation.
&nbsp;

ONGC, Indian Oil Corporation and NTPC were the top three profitable PSUs in 2018-19, whereas BSNL, Air India and MTNL incurred highest losses for a third consecutive year, according to a survey tabled in Parliament on Monday.
The Public Enterprises Survey 2018-19, which maps the annual financial performance of all central PSUs, pointed out that the top three profit making PSUs including ONGC, IOC and NTPC contributed 15.3%, 9.68% and 6.73%, respectively to the total profit earned by all profitable public sector enterprises.
Total income of all PSUs during 2018-19 stood at ₹24.41 lakh&nbsp;crore compared to ₹20.32 lakh&nbsp;crore in 2017-18, showing a growth of over 20%.
&nbsp;

Axis Bank to raise up to ₹4,175 crore via NCDs

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