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Indian Banks’ Association (IBA) has formed a committee under Canara Bank executive director MV Rao to look into the nuances of staff accountability. The panel will recommend steps that will be adopted by the lenders.
Sebi board approves easing additional disclosure norms for FPIsThe relaxation in certain disclosure norms are aimed at ease of doing business. Further, the market regulator has also approved a Beta version of optional T+0 settlement, for a limited set of 25 scrips, and with a limited set… Read MoreVictoria's Secret plunges 27% as shrinking demand hits sales forecastsFiscal 2024 sales predicted at $6bn, below estimates. First-quarter sales expected to decline. 35 stores to close, 15 new stores to open, despite slow demand, competition from Amazon and Lululemon.
from Stocks-Markets-Econom… Read MoreUp to 458% returns in FY24 so far, 7 capital goods stocks now trading at discount from 52-wk topS&P BSE Capital Goods index outperforms S&P BSE Sensex in FY24. Top stocks like Transformers & Rectifiers (India) and Shilchar Technologies show impressive returns. Analysts have varying views on BHEL's future per… Read MoreFed still sees three rate cuts in 2024 amid sticky inflation, stronger economyThe Fed's new policy statement described inflation as remaining "elevated," and updated quarterly economic projections showed the personal consumption expenditures price index excluding food and energy rising at a 2.6% rate b… Read MoreLululemon sinks 17% as annual forecasts disappointNike shares fell 8% as it plans to focus on trendier sneakers, while Lululemon Athletica dropped 17% due to declining demand for premium athleisure. Both companies face challenges amidst reduced customer spending.
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