Shares of Federal Bank surged 5.5% to a new high after announcing the appointment of Krishnan Venkat Subramanian as the new MD & CEO. Brokerages view this positively, citing his strong banking background and experience.
India’s central bank is expected to cut its key policy rate by 0.25% in December to support slowing economic growth. A Reuters poll shows a
Prestige Estates Projects reported a 77.4% YoY decline in net profit due to tax changes, while revenue rose 3%. Shares closed at Rs 1,606.5, with
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