Japanese service sector activity grew at the fastest pace in eight months in April thanks to solid business and consumer spending, a private survey showed on Tuesday, results that should keep the central bank on track to hike rates again this year. The final au Jibun Bank Service purchasing managers' index (PMI) rose to 54.3 last month.
Open FlipPrivate sector lender Tamilnad Mercantile Bank (TMB) on Monday (May 6) announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR) effective from May 7, 2024. "...we wish to inform that the Marginal Cost of Funds Based Lending Rates (MCLR) of the Bank has been revised with effect from 07.05.2024," according to a stock exchange filing.
Open Flip📌Citi has maintained a 'sell' rating on Gujarat Gas with a target of ₹450 per share. 📌Citi has maintained a 'neutral' rating on M&M Financial Services with a target of ₹290 per share. 📌Citi has maintained a 'buy' rating on Marico with a target of ₹610 per share. 📌Jefferies has maintained a 'buy' rating on Hindalco with a target of ₹810 per share.
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