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Bangladesh's interim government is preparing to remove Saima Wazed, the daughter of former PM Sheikh Hasina, from her WHO position amid corruption allegations. Wazed remains in her role as an ACC investigation continues, with political instability in Bangladesh drawing international scrutiny.
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IDFC First Bank shares decreased by 7.2% following a 15% YoY decline in net profit due to higher bad loan provisions in microfinance. Despite a 14% increase in net interest income, the bank was impacted by elevated credit costs and operational expenses. Gross NPA ratio improved from 2.04% to 1.94%.
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Shakti Pumps shares dropped by 5% to Rs 1,084.70 on the BSE despite a 130% YoY increase in net profit for Q3 2024. The company posted a net profit of Rs 104 crore and a revenue surge of 31%. However, the stock remains below its critical moving averages.
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