Wed, Nov 6, 2024 10:57 AM
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A Flip by Shubhangi Gupta
On Wednesday, Deutsche Bank, a German lender, said that it has invested an extra Rs 5,113 crore in its operations in India. According to a statement from Deutsche Bank, this is the biggest capital inflow into India in recent years and will be utilised to grow across business lines, such as corporate, investment, and private banking.
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The US Dollar Index, which measures the greenback’s strength against a basket of six major currencies, surged by 1.9% to 105.30 on Wednesday, November 6 to its highest level in almost four months. This rally was driven by early reports suggesting that Republican candidate Donald Trump is edging closer to securing a second term in the White House.
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Geojit Financial Services research report on Larsen and Toubro Finance Ltd. L&T Finance Ltd (LTF) offers financial products and services in the corporate, infrastructure and retail sectors. It also offers fund products and investment services. L&T Finance’s net interest margin (NIM) fell 37bps QoQ to 8.9% (+32bps YoY) in Q2FY25, due to a 16bps QoQ dip in yield on advances from portfolio.
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