Indian shares hit six-week high, HDFC surge lifts banks
By Ritu, Capital Sands Indian shares rose more than 1% on Wednesday to their highest in over six weeks, tracking an improved global mood due to the easing of some coronavirus lockdowns, while a surge in HDFC pulled financial stocks higher. While India’s own stringent restrictions remain largely in place, signs of easing in Europe […]
Axis Bank posts $183 million loss as provisions nearly triple on COVID-19
By Administrator_India Capital Sands Axis Bank Ltd, India’s third-biggest private-sector lender, on Tuesday posted a surprise fourth-quarter loss of 13.88 billion rupees ($182.96 million), as it set aside more funds to cover a potential rise in bad loans in a coronavirus-hit economy. The pandemic has dealt a heavy blow to the economy, worsening problems […]