Kotak Mahindra Bank and Federal Bank are negotiating to buy Deutsche Banks India retail and wealth portfolios as the German lender seeks a full exit. Talks focus on valuation and loan bundle details.
Sebi chairman Tuhin Kanta Pandey clarifies market dynamics influencing stock valuations. He emphasizes investor choice in IPO subscriptions, highlighting the role of disclosures. Pandey addresses concerns regarding high IPO valuations and preferential issues. He also discusses reforms aimed at easing Foreign Portfolio Investor registration and the potential introduction of a closing auction mechanism.
Economists are urging the Reserve Bank of India to lower interest rates at its upcoming December meeting. They point to record low consumer inflation as a key reason. A rate cut is expected to stimulate economic growth in the coming months. This move is seen as beneficial without significantly affecting inflation levels.
Bank Nifty surged past 59,000 to a record closing high on Wednesday, driven by investor confidence in banking stocks. Analysts anticipate continued momentum, citing easing earnings pressure and attractive valuations. Both private and PSU banks showed gains, with improved profitability and asset quality contributing to the optimism.
Alexian Brothers has not yet announced on what date it will stop scheduling deliveries of babies, but will be doing so shortly, Ascension spokesperson Olga Solares said in an email.
Prosecutors Wednesday afternoon charged Lawrence Reed, of Chicago, with a single count of terrorism against a mass transportation system in an attack on the CTA Blue Line.
