Axis Bank on Monday said it will raise up to Rs 5,000 crore by issuing bonds.

In April this, the board of directors of Axis Bank had authorised it to borrow/raise funds in Indian currency/foreign currency by issue of debt instruments, perpetual debt instruments, AT 1 bonds, infrastructure bonds and Tier II capital bonds among others up to an amount of Rs 35,000 crore.

The price of 10 gram of gold decreased by Rs 10 on Monday, with 24 carat gold trading at Rs 48,680 and 22 carat at Rs 47,680.

The price of 1 kg of silver remained unchanged and the precious metal is selling at Rs 62,200.

Shares of recently listed companies were under pressure with the S&P BSE IPO index down as much as 4 per cent on the BSE in Monday’s intra-day trade after a sharp correction in these stocks on profit booking.

FSN E-Commerce Ventures, more commonly known as Nykaa, PB Fintech, the parent company of Policybazaar, Tega Industries, Tarsons Products, Aditya Birla Sun Life AMC, SJS Enterprises, Indigo Paints, Anand Rathi Wealth and Glenmark Lifesciences were among 11 stocks from the BSE IPO index to hit their respective lows since listing.

Uttarakhand Chief Minister Pushkar Singh Dhami on Sunday announced that Indian wicket-keeper batsman Rishabh Pant has been appointed as the brand ambassador of the state.

Taking to Twitter, the Chief Minister said that Pant will encourage the youngsters to take up sports.

Shares of Future Group's listed companies rallied up to 20 per cent on the BSE in Monday's trade, in an otherwise weak market, after the Competition Commission of India (CCI) on Friday suspended Amazon's 2019 deal with Future Retail (FRL). The antitrust watchdog also imposed Rs 200 crore penalty on the e-commerce major for certain contraventions.

Among individual stocks, Future Retail (Rs 57.50) and Future Supply Chain Solutions (Rs 80.75), Future Lifestyle Fashions (Rs 59.20), Future Enterprises (Rs 11.61) and Future Consumer (Rs 8.19) rallied 20 per cent each on the BSE in the intra-day trade.

Accenture’s Q1 FY22 results have sent a wave of cheer among analysts, as the company raised its revenue guidance and said it expects double-digit growth in outsourcing, up from single digit to low double-digit growth expected earlier.

Accenture’s financial year ends on August 31.

The company raised its revenue outlook for FY22 to 19-22 per cent in local currency, up from 12-15 per cent earlier.

Drug major Cipla on Sunday said it has received approval from the US health regulator to market the Lanreotide injection, used for the treatment of acromegaly and gastroenteropancreatic neuroendocrine tumors, in the American market.

The company said it has received final approval for Lanreotide Injection from the US Food and Drug Administration (USFDA).

India's top oil and gas producer ONGC has scripted a sharp turnaround in fortunes of its subsidiaries with its petrochemical unit reporting its first ever profit, a top official said.

ONGC Petro additions Ltd (OPaL), the venture ONGC floated for downward integration and expansion into petrochemical field by utilizing its naphtha stream from Hazira and Uran and C2+ components from imported LNG, has been steadily seeing operational profit or EBITDA improvement since 2016-17 but the lopsided capital structure with high-debt servicing cost and high depreciation during the initial period of capitalisation led to incurring net losses.

Tata Realty and Infrastructure Ltd will scale up its commercial real estate portfolio to at least 12 million square feet over the next 2-3 years before considering launching real estate investment trust (REIT) public issue to monetise its rent-yielding office assets.

In an interview with PTI, the company's Managing Director (MD) and Chief Executive Officer (CEO) Sanjay Dutt said the company has 7 million square feet of rental commercial portfolio, almost all are office assets, and it is making huge investments on expansion.

Stating that keeping in view the current air quality in Delhi-NCR, there is a need to exercise control on various sectors that significantly contribute to air pollution, the Commission for Air Quality Management in Delhi NCR, and Adjoining Areas (CAQM) has continued its ban on the construction and demolition (C&D) activities.

Taking into consideration different studies that clearly show that C&D sites are a major contributor of air pollution across the NCR, the Commission if of the view that except for some exemptions, C&D activities should not be allowed in the NCR till further orders, a release from the Environment, Forests and Climate Change Ministry said.

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