Tue, Jan 7, 2025 10:12 AM
Citi maintains bullish outlook on Indraprastha Gas
A Flip by Shubhangi Gupta
IndusInd Bank shares have rebounded 6% to ₹983 after a 37.2% decline due to poor Q2FY25 performance, but analysts remain cautious about further gains following a disappointing Q3FY25 update, citing deposit struggles and lending growth issues, with a target price of ₹1,350 per share. The bank's CASA ratio also declined to 34.9%, compared to 35.9% last quarter and 38.5% last year.
Open Flip
India is considering lifting a three-year ban on futures trading in seven farm commodities, including wheat and rice, as studies found the restrictions were counterproductive, disrupting market-price discovery and failing to tame costs. A government panel recommended ending the suspension, and a final decision will be taken by a group of ministers.
Open Flip
The US Department of Justice has expanded its lawsuit against RealPage, accusing six large landlords of using the company's software to collude on rent prices, sharing non-public information and pricing strategies. The accused landlords include Cushman & Wakefield, Greystar, and Blackstone's LivCor, among others.
Open Flip
