Fri, Feb 9, 2024 9:50 AM
Pre-market action: Here's the trade setup for today's session
A Flip by Avya Verma
HSBC Holdings Plc has asked hundreds of managers to reapply for jobs in the firm’s newly formed corporate and institutional banking division as Chief Executive Officer Georges Elhedery continues his hunt for ways to make the bank run more efficiently. Interviews are already underway, according to people familiar with matter, essentially pitting senior staff who came from the commercial banking.
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Shares of PTC Industries, an engineering component manufacturer, surged 4.3% to ₹11,550 in intraday trade on Monday, November 18, after the company reported a strong set of numbers for the September-ending quarter. This rise also ended a three-day consecutive decline for the stock. Total income stood at ₹80.79 crore in Q2 FY25, up from ₹60.28 crore in Q2 FY24.
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Mohite Industries Ltd. has announced a sub-division or split of its equity shares. This means that each existing share with a face value of Rs 10 will be divided into 10 new shares, each with a face value of Re 1. The record date for this sub-division, which is the cut-off date to determine shareholders eligible for the split, will be announced by the Board of Directors.
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