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MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.11% on Tuesday morning, a day after hitting its highest level since launching in 1987. The MSCI World Index of global shares which also hit a record high on Monday, ticked higher still in Asia's morning trading.
High provisions drag Axis Q3 net down 36%Profit declined to Rs 1,116 crore from Rs 1,757 crore in the same period last year. Provisions in the quarter increased 33 per cent to Rs 4,604 crore against Rs 3,470 crore in the year-ago period. Out of this, specific loan-l… Read MoreStocks in the news: Axis Bank, Maruti Suzuki, IRCTC, Lupin, HUL and IndiGoLaurus Labs, Aarti Industries, AU SFB and Shriram Transport are among companies which will announce their December quarter results on Thursday.
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… Read MoreNo change in CRISIL rating grades for banksThe move will likely help banks from operational hazards for accounting, which would have arisen due to any such structural change.
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… Read MoreFederal Reserve keeps interest rates near zero amid pandemic
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… Read MoreReliance Home Finance gets five bidsOnly two of the bidders, Acre ARC and Authum have bid for the whole company. Acre has bid in association with its largest shareholder Aries-SSG Capital. The other three bidders have bid only to buy out the retail loan portfol… Read More
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