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Goldman Sachs has initiated coverage on 14 Indian banks with a mix of Buy, Neutral and Sell ratings, focusing on earnings growth, franchise strength, valuations and the normalisation of return on assets (ROA) as key stock drivers. The brokerage sees private banks at an inflection point.
Cockroach Janta Party volunteers faced alleged assault by BJP workers during a school inspection. CJP co-convenor Ashutosh Ranka reported injuries and damage to vehicles and phones. Villagers prevented the CJP team from visiting the school, citing local capabilities. They also opposed the CJP’s views and campaign for school improvements. The incident occurred as the CJP…
Gold loan stocks Muthoot Finance, Manappuram Finance and IIFL Finance gained up to 7% in two sessions as gold prices crossed Rs 1.6 lakh per 10 grams on the MCX. A weaker dollar and the US Treasury’s bond-buyback move supported gold prices, boosting sentiment around gold-backed lending companies.
The HSBC flash composite PMI rose to 54.6 from 54.3 in July, with stronger services offsetting manufacturing growth that slowed to its weakest pace in five years
A 25-year-old airhostess was allegedly raped by a man posing as transgender. The accused entered her flat on the pretext of using black magic for her husband. Police arrested the 28-year-old accused within four hours of the FIR being registered. His movements were traced using footage from over one hundred CCTV cameras. The accused faces…
Hindustan Copper shares rose on Friday as global copper prices gained on a weaker US dollar, while technical indicators pointed to improving momentum. However, rising LME inventories and narrowing cash-to-three-month copper spreads suggest easing supply tightness. Analysts remain positive on the stock, citing a breakout above the Rs 550 resistance zone.
Elon Musk, the billionaire founder of SpaceX, on Friday promoted Starlink’s satellite internet as a potential solution for bringing connectivity to underserved regions of India, especially rural areas.
Gold holds above $4,500 as weaker dollar, U.S. Treasury moves support rally
Japan’s core inflation rose to 1.8% in July from 1.6% in June, in line with market expectations, strengthening bets that the Bank of Japan could raise interest rates at its September meeting. However, inflation remained below the BOJ’s 2% target for a seventh straight month, partly due to government fuel subsidies.
Over one crore NCMC RuPay smartcards were registered in five months. These cards now serve MSRTC concessional passengers across Maharashtra’s villages. The digital passes replace old paper systems, improving verification and reducing misuse. This initiative aligns with Prime Minister Modi’s Digital India ‘One Nation, One Card’ vision. Future plans include retail payments and integration with…