Inside the leadership change at Kotak Mahindra Bank
The new CEO of the bank will have his task cut over, after taking charge from incumbent Ashok Vaswani.
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BlackRock sees India gaining as global investors rotate from Korea and Taiwan
Ben Powell, Chief APAC & Middle East Investment Strategist at BlackRock Investment Institute, said lower energy prices and improving geopolitical conditions have strengthened India’s investment outlook. While BlackRock remains overweight on AI, it has turned neutral on emerging markets and…
KPIT Tech’s warning causes a ₹6,000 crore dent in the market cap of its peers
Shares of Tata Technologies are now down for the fifth day running, even as they have recovered from the lows of the day on Wednesday. Tata Elxsi shares are down for the third day.
RBI’s New collateral rule is a ‘death knell’ for prop trading, warns Crosseas Capital MD
Rajesh Baheti, Managing Director of Crosseas Capital Services, estimated that Indian broking houses and domestic high-frequency trading (HFT) firms account for 30% to 35% of total exchange turnover. He said the new collateral requirements could reduce activity in this segment…
Rupee weakness eases against dollar amid improving macro signals
Indian rupee opens slightly weaker at 94.68 against US dollar as lower oil prices, RBI measures and returning foreign investors lift optimism for Indian markets.
June Auto Sales Updates: Escorts Kubota sales grow 19%; M&M says early to assess El Nino impact
The management of M&M’s farm equipment division said that while it is early to assess the impact of the emerging El Nino conditions, strong government interventions like fertilizer subsidies, targeted support measures at the local level could mitigate some of…
VA Tech Wabag shares rise nealry 6% after winning ‘large’ order in Vienna
The expansion of the Donauinsel Water Works will strengthen the resilience of Vienna’s drinking water system by adding a controllable groundwater-based supply pillar with the city’s renowned alpine spring water supply, as per VA Tech Wabag.
Bank of Baroda, Mizuho Bank enter strategic partnership for M&A financing
Bank of Baroda and Mizuho Bank form a strategic partnership to boost M&A financing and cross-border corporate banking, targeting India focused growth.
After years of underperformance, this PSU stock is now up for the sixth year running; Details here
Of the 22 analysts who have coverage on the BHEL stock, nine have a “buy” rating, three have a “hold” rating and 10 have a “sell” rating.
HUDCO Q1 Update: Loans sanctioned nearly double, disbursements up 28%; Stock in focus
HUDCO has seen a sharp shift towards urban infrastructure financing, which now forms nearly 74% of the total loan book at the end of the previous financial year.