Tue, Nov 5, 2024 10:55 AM
That giant sucking sound is from India’s stock market
A Flip by Shubhangi Gupta
Treasury income of most banks jumped sharply by 50-150 percent on a yearly basis in the second quarter of FY25 due to fall in yields on the government securities, according to the Moneycontrol’s analysis. Banks that reported sharp increase in treasury gains or income are Bank of Baroda, Canara Bank, Punjab National Bank, Union Bank of India, UCO Bank, Bank of Maharashtra, Central Bank of India.
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Japan's Nikkei share average rebounded 1.11% to 38,474.90 points on Tuesday, led by stocks with robust outlooks, following a 2.63% decline on Friday. The Topix also rose 0.76%. Gains were driven by strong earnings reports, but analysts warn of continued volatility ahead of the US presidential election.
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JSW MG Motor India said on Monday that it has struck a strategic agreement with HSBC India to deliver comprehensive and tailored finance solutions at competitive terms to the carmaker’s dealer partners. JSW MG Motor India said that by using HSBC India’s experience, the company’s dealer network will have easier access to operating capital.
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