MAX FIN SERVICES
Max Financial Services reports massive profit growth of Rs 100 crore in Q2 FY26
Max Financial Services recorded a substantial rise in net profit during the second quarter to ₹100 crore. This marks a significant increase from ₹5.9 crore in the same period last year. The company owns an 80% stake in Axis Max Life, contributing to its financial growth. Additionally, its value of new business rose 21% year-on-year, reaching ₹1,180 crore in H1 FY27.
Mazagon Dock and CONCOR among stocks bought and sold by mutual funds in June
Mutual Funds invested heavily in stocks, totaling Rs 45,900 crore. Consequently, cash reserves decreased from Rs 1.96 lakh crore to Rs 1.80 lakh crore in June. Key acquisitions included Asian Paints, VMM, and Bajaj Finserv. Conversely, holdings in ICICI Bank, Reliance Industries, and Infosys were reduced.
Max Fin Services promoter firm sells 3.19 pc stake to repay debt
Max Financial Services on Friday said its promoter group firm has sold a 3.19 per cent stake to repay their debt. Max Ventures Investment Holdings Pvt Ltd, a promoter company of Max Financial Services Ltd, sold 1.10 crore equity shares or 3.19 per cent in Max Financial Services on September 5.
Stock market update: Nifty IT index falls 0.49%
The Nifty IT index closed 0.49 per cent down at 35515.0.
NSE-BSE bulk deals: Max Ventures trims stake in Max Fin Services
Max Ventures Investment Holdings sold 20,80,000 shares of Max Financial Services at Rs 600.07 per share. It held 28.15 per cent stake in the company at the end of June.
Stock market update: Metal stocks shed; SAIL slips 2%
The Nifty Metal index was trading 0.73 per cent down at 2507.7.
Stock market update: Media stocks advance; Dish TV surges 10%
The Nifty Media index was trading 0.49 per cent up at 1594.1.
Stock market update: IT stocks down; MindTree loses 1%
The Nifty IT index was trading 0.19 per cent down at 17976.4.
Stock market update: FMCG stocks fall; Jubilant Foodworks down 2%
The Nifty FMCG index was trading 0.6 per cent down at 31451.
Stock market update: Nifty Financial Services index up; Power Fin Corp gains 3%
The index was trading 0.37 per cent up at 11298.1.
Stock market update: Auto stocks gain; Ashok Leyland rises over 1%
The Nifty Auto index was trading 0.56 per cent up at 7992.55.
Share market update: Consumer Durables shares trade higher; Crompton rises 2%
The S&P BSE Consumer Durables index was trading 0.36 per cent up at 27807.34 .
Share market update: Nifty Financial Services index rises; MFSL climbs 3%
The Nifty Financial Services index was trading 0.17 per cent up at 12,227.45 around 02:15 pm.
HDFC Life, Max Life to chalk out new ways to merge
Conflicting signals are emerging on whether the consolidation would happen first or IPO of HDFC Life.
HDFC, Max may have to rejig terms for new life
Insurance Act does not allow merger between an insurance company and a financial services company, said an Irda official.
Max Life, Max Fin Services to merge into HDFC Standard Life
The arrangements would be subject to due diligence, definitive documentation and applicable board, shareholder, regulatory, respective High Courts.
Insurers tweet their way to customers
Insurance companies use twitter to engage in conversation with their policyholders, help them on enquiries and as a complaint portal.
DoT maps out 3G spectrum availability for the first time
The Department of Telecom (DoT) has finally mapped out the availability of third generation airwaves that can be put up for the upcoming auctions across the country which shows that the government can earn Rs 21,480 crore more if the frequencies are auctioned according to the finance ministry's formula.
FinMin for 100% hike for 3G spectrum
In a move that could further delay auctions, the Finance Ministry has asked the telecom department to double the floor price for 3G and wireless broadband spectrum, executives in two leading telecom companies said.
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