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.
US equity indexes fell, influenced by megacap technology stocks and concerns regarding OpenAI’s revenue performance. The Nasdaq 100 and S&P 500 saw declines as the
US stock indices slid on Thursday as crude oil prices surged, prompted by intensifying Middle East tensions. Major benchmarks, including the S&P 500 and Nasdaq
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