Kotak Mahindra Bank shares fell over 4% as net interest margins declined and asset quality worsened. Brokerages cut earnings estimates and target prices, citing rising NPAs and slower growth.
India’s gold consumption is projected to drop to 650–700 tonnes this year as a sharp price rally hurts jewellery demand. Investment buying remains strong, with
Federal Reserve President John Williams told CNBC on Friday he does not see an imminent need to follow last week’s interest rate cut with another
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