Banks’ treasury gains, boosted by open market operations and softening yields in the first quarter, are expected to decline significantly in the second quarter. Rising yields and the absence of OMOs will negatively impact bond investment earnings. Analysts anticipate muted gains compared to the previous quarter, potentially leading to mark-to-market losses for some institutions.
Zee Entertainment approves Rs 600-crore share buyback at Rs 91 apiece; promoters to stay out
Zee Entertainment has approved a Rs 600 crore share buyback at Rs 91 per share, a 24% premium over its latest NSE closing price. The