Steel pipes manufacturer JTL Industries board has approved 1:1 stock split which means each share of Rs 2 face value will split into two shares of Re 1 each. The share sub-division is subject to the shareholders’ approval, to be obtained in the ensuing extra-ordinary general meeting, the company said in an exchange filing.
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Yes Bank‘s share price was upbeat on Friday morning looking to halt its three-session losing streak. Nomura maintained its “neutral” rating on Yes Bank, following its Q2 business update. The brokerage firm has set a target price of ₹17. The analysts said that the update highlights strong deposit growth, especially driven by the increase in current account and savings account deposits.
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Asian currencies are heading for their worst week in over a year, with a Bloomberg gauge slumping 0.8%, as traders scale back bets on aggressive Federal Reserve rate cuts amid resilient US jobs data and geopolitical tensions. The Malaysian ringgit, Indonesian rupiah, and Thai baht lead the losses, with some expecting them to give back half to two-thirds of their recent rally.
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