Multiple analysts who have coverage on Kotak Mahindra Bank have upgraded the Mumbai-based private lender, after it reported its March quarter results on Saturday. Analysts from CLSA, Nomura and JPMorgan have upgraded the stock, while Jefferies has cited risks from the RBI restrictions and potential attrition as the rationale behind cutting its price target on the stock. Yet, 24 out of the 43...
Open FlipThe Hinduja Group will raise its stake in IndusInd Bank from 16% to 26% in multiple tranches even as its promoter company IndusInd International Holding is working on a plan to list on Mauritius-based stock exchange Afrinex. IndusInd International Holding Ltd (IIHL) has received the Reserve Bank of India’s approval letter to raise its stake in the bank to 26%.
Open FlipGold prices eased in early Asian hours on Monday as the dollar ticked up, while traders awaited comments from a series of Federal Reserve officials for more cues on U.S. interest rate cut timeline. Spot gold was down 0.3% at $2,294.97 per ounce, as of 0040 GMT. U.S. gold futures slipped 0.3% to $2,301.00 per ounce. The dollar index firmed 0.1%.
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