The Reserve Bank of India (RBI) has approved the appointment of Ajith Kumar KK as the managing director and chief executive officer of Dhanlami Bank for a period of three years with effect from the date of taking charge. The Board of Directors of the bank will meet soon to approve the appointment o Ajith Kumar and seek the approval of the shareholders thereafter, as per the regulatory provision.
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High-frequency trading was seen at the Just Dial, Likhitha Infrastructure, and Foods and Inns counters on April 18. Just Dial touched a 52-week high during the day. High-frequency trading firms (HTFs) – or algo firms on steroids –use complex algorithms and powerful computers to execute trades at lightning speeds. These firms typically try to capture the spread between the spot and futures prices.
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NEW YORK: U.S. stocks closed near the unchanged mark on Thursday, as investors sifted through the latest corporate earnings, while economic data and comments from Federal Reserve officials suggested the central bank was unlikely to cut interest rates in the near future. Economic data showed that the labor market remained resilient, as weekly initial unemployment claims were unchanged.
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