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Axis Bank Q3 net profit rises 25% to Rs726.4 crore

Axis Bank Ltd on Monday reported a 25.3% increase in its fiscal-third quarter profit as the bank provided lower provisions against its bad loans. Net profit rose to Rs726.44 crore for the quarter ended 31 December from Rs579.57 crore a…

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Gold gains on mild demand; silver rules stable

Gold gained marginally for the second day by Rs 15 per 10 grams at the bullion market here today on mild demand from stockists and retailers even as the metal weakened overseas. Silver, however, held steady in the absence of…

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Japan manufacturers' mood jumps to 11-year high

Confidence among Japanese manufacturers jumped in January to an 11-year high, the Reuters Tankan poll showed on Monday, highlighting corporate optimism driven by nearly two years of uninterrupted economic expansion and a buoyant stock market. The monthly poll, which tracks…

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CPPIB to invest $144 million in ReNew Power Ventures

Canada Pension Plan Investment Board (CPPIB) on Monday said it is acquiring a 6.3% stake in ReNew Power Ventures Pvt. Ltd from Asian Development Bank for $144 million. ?This transaction aligns well with our overall power and renewables strategy, further…

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