Indian shares slip on Omicron variant worries

Indian shares inched lower on Monday after snapping two straight weekly falls, as more cases of the Omicron coronavirus variant were reported over the weekend. By 0350 GMT, the blue-chip NSE Nifty 50 index (.NSEI) was down 0.27% at 17,150.05, while the benchmark S&P BSE Sensex (.BSESN) dipped 0.12% to 57,627.59.…

Axis Bank Worries About Vodafone Idea, Looks To Government Support

The financial health of Vodafone Idea Ltd. is a concern for lenders, although the government is expected to find a solution to prevent the collapse of the loss-making Indian telecommunications company, according to Axis Bank Chief Executive Officer Amitabh Chaudhry. “If this company survives, which I believe the…

Sensex rises over 300 points, Nifty nears 16,000

Indian shares edged higher on Tuesday, helped energy and information technology stocks, although the gains were capped by worries about the economic impact of surging cases of Delta coronavirus variant in Asia. By 9:17 am, the blue-chip NSE Nifty 50 index climbed 0.26% to 15,925 and the benchmark S&P BSE Sensex…