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ET had reported in March the IndusInd board has hired global executive search firm Egon Zehnder to assist in identifying candidates for both the CEO and deputy CEO roles. The firm is helping shortlist names and the bank plans to submit a list of three potential candidates to RBI once internal evaluations are complete.
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News and Media
PNB Housing Finance is poised to re-enter project financing this quarter after a three-year hiatus, buoyed by improved asset quality. The lender aims for a 1,500 crore project finance portfolio by fiscal year-end, alongside expanding its loan against property business with a dedicated team. The company projects 18% growth for FY26, driven by affordable housing loan segment.
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News and Media
Bangladesh Bank's halt on circulating newly printed banknotes featuring Sheikh Mujibur Rahman has triggered an estimated Taka 15,000 crore financial loss and a shortage of clean currency. The interim government's directive to keep these notes locked in vaults has disrupted daily cash transactions, leaving the public struggling with old, torn notes.
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The market construct looks quite positive. But I do not think we are out of the woods yet. My concern would be how the economy shapes up globally and for India over the next 12 months we still think there are headwinds to corporate earnings and the risk premium which actually has not really flared up, we have to keep watching that.
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News and Media
Neeraj Dewan is cautious about large and mid-cap IT stocks due to high valuations and potential US headwinds, anticipating profit-taking. He also avoids ferrous metals like Tata Steel due to a lack of clarity and weak rebound. Dewan suggests caution on non-ferrous metals and sees continued outperformance in defence stocks like Mazagon Dock and HAL.
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News and Media
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