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The company has fixed Tuesday as the record date to determine shareholders eligible for the stock split in the ratio of 1:10. Under the split, each existing equity share of face value Rs 10 will be subdivided into 10 equity shares of face value Re 1 each, fully paid up.
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Gold prices have surged to an all-time high. This rise is fueled by renewed trade tensions between the US and China. Investors are seeking safe havens amid global economic and political uncertainties. Expectations of further interest rate cuts by the US Federal Reserve are also supporting gold's upward trend.
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Indian banks are poised for a tepid September quarter with muted earnings and loan growth, driven by a slowdown in retail and corporate segments. Analysts anticipate weaker treasury gains and potential net interest margin compression due to rising bond yields and recent repo rate cuts. Asset quality in SME and commercial vehicle segments remains a key concern.
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