#News Axis Bank: The bank has Rs 648 crore exposure to Future | BIG BULL👍😊

#News
Axis Bank: The bank has Rs 648 crore exposure to Future Group companies. Axis bank had Rs 305 crore outstanding at Future Retail and Rs 164 crore to Future Enterprises as of June 30. The bank’s exposure to other Future group entities was at Rs 179 crore. The bank said it was clarifying after it had received queries seeking information on its exposure to Future Group.
SpiceJet: Has clarified on report of default on payment to Airport Authority of India. The principal amount owed to AAI is completely secured by bank guarantee, the company said. The carrier is making payments for service being currently utilised as per the payment plan. Further, the company said that it has more than Rs 142 crore of claims against Airport Authority of India related to “wrongful charge of landing fee and damages for loss of aircraft due to negligence.”
Karnataka Bank: Empanelled by the Reserve Bank of India to act as an "Agency Bank" to facilitate transactions related to government businesses. Karnataka Bank is now authorised to undertake the government businesses such as revenue receipts and payments on behalf of the Central/State governments, pension payments in respect of Central/State governments, collection of stamp duty charges and any other item of work specifically advised by RBI.
Wipro: Completed the acquisition of Ampion on August 6. Ampion is an Australia-based provider of cyber security, DevOps and quality engineering services.
JSW Energy: JSW Energy (Barmer), a material subsidiary of the company, has approved a bonus issue of 126.57 crore equity shares of Rs 10 each amounting to Rs 1,265.77 crore. The company will issue 11 equity shares for every 15 equity shares held.
Suzlon Energy: To consider up to Rs 1000 crore securities issue on August 13.
Power Finance Corporation: Updated its global medium term note programme to $8 billion from $5 billion.
Dhanvarsha Finvest: To consider sub-division of shares on August 13. The company will also consider fund raising by issue of NCDs of up to Rs 250 crore.
Adani Enterprises: Incorporated a wholly owned subsidiary called, Noida Data Center Limited, on August 5. NDCL is incorporated with the object to develop, operate, maintain, deal with the business of Data Centers/IT/ITeS/ Cloud.
Earnings: Shree Cement, Astrazeneca Pharma India, MRF, Timken India, Reliance Power, Clean Science and Technology, Jet Airways (India), Hinduja Global Solutions, Balrampur Chini Mills, Gujarat State Petronet, Laxmi Organic Industries, Tamilnadu Petroproducts, Tata Investment Corporation, Bombay Dyeing & Mfg.Co, Chemcon Speciality Chemicals, Ester Industries, Gati, Automotive Axles, Shalby, Venky's (India), The Hi-Tech Gears, IFB Agro Industries, Igarashi Motors India, Indian Hotels Co., Indraprastha Medical Corp., Kirloskar Industries, Subex, Nahar Industrial Enterprises, Nilkamal, Pokarna, Satin Creditcare Network, Shankara Building Products, Savita Oil Technologies, Steel Exchange India, Suven Life Sciences, WPIL.