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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.
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News and Media
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.
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News and Media
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.
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News and Media
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