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Kathpalia joined the bank 16 years ago and has been pivotal in turning it around. Shares of Indusind Bank Ltd ended at ₹1,462.05, up by ₹9.65, or 0.66%, on the BSE.

The US Federal Reserve announced a 50 basis point (bps) rate cut on September 18. Geoffrey Dennis, an Independent EM Commentator expects two more rate cuts for the rest of the year and a 100 bps rate cut next year.

Shares of RITES Ltd ended at ₹357.70, down by ₹7.70, or 2.11% on the BSE.

In a filing to the stock exchanges, PTC Industries Limited said that it has secured a significant production order from BAE Systems for Titanium castings for the M777 Ultra-Lightweight Howitzer (ULH), including Spade Trails and Blades.

Sugar stocks surged following comments from the food minister about potential ethanol price hikes and a review of the sugar MSP. The announcement led to significant gains, with experts highlighting the boost this could provide to the industry’s growth.

Speaking about the capital market, Pratik Gupta, CEO of Kotak Institutional Equities said, “From a 5-10 year view, these stocks look very good but from a 6-12 months view, it is time to be a bit more cautious.”

The Nifty metal index has gained 10% in the last six days after a slew of measures announced by China over the last few days to boost its economy.

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Ola Electric’s S1 X 2kWh scooter has received PLI Certification, marking the fifth certified product in its EV lineup. The certification further solidifies Ola’s commitment to local manufacturing, boosting its eligibility for government incentives.

“We have enough liquidity for our investment needs, so a large part of what we have liquidated would go towards repayment of debt. We want to be asset-light, low debt,” Rashesh Shah, Chairman of Edelweiss Group said.