Indian equities now trade at around 23 times next year’s expected earnings, exceeding even the US, and outpacing the 17 for Japan and about nine for China, according to data compiled by Bloomberg based on MSCI Inc.’s indexes.
HDFC Bank’s share price plummeted by up to 9%, wiping out over Rs 1 lakh crore in market value following the resignation of its part-time
HDFC Bank is under intense investor scrutiny due to leadership changes and boardroom disagreements. This situation adds to existing concerns about growth and margins. While
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