State Bank of India shares surged following strong September-quarter results, with analysts upgrading price targets and projecting a 7-20% upside. The bank's profit after tax rose 10% year-on-year, beating estimates, and asset quality improved. This performance has attracted renewed investor interest in public sector banks.
Hindustan Unilever Limited's notice for Priya Nair's appointment as CEO included an unusual offer: shareholders could obtain a copy of her CEO agreement via email. While not legally mandated, this move goes beyond typical inspection procedures, sparking debate on transparency versus competitive risks in executive contracts.
Mahindra & Mahindra is set to exit RBL Bank by selling its entire 3.5% stake. The deal is valued at approximately $78 million. Kotak Securities is managing the transaction. The sale is scheduled for Thursday. This move represents a profitable exit for Mahindra, which had invested in the bank in July 2023.
Jewellery stocks are experiencing a rally driven by robust festive demand and the upcoming wedding season, despite higher gold and silver prices. Analysts anticipate continued momentum, with strong quarterly results and shifting consumer preferences towards modern designs supporting sales and margins. While near-term outlook remains positive, potential moderation in gains is expected after the recent surge.
Frances government said Wednesday it is moving toward suspending access to the Shein online marketplace until it proves its content conforms to French law.
