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indicators reveal significant slowdown in urban consumption and government spending

Recent indicators suggest a slowdown in urban consumption, with declines in railway freight earnings, fuel consumption, and passenger vehicle sales. This trend reflects reduced mobility and non-essential travel, compounded by significant slowdowns in both government and state capital expenditure, impacting infrastructure and job opportunities.

Swiggy IPO Subscription Recommended for High Risk Investors Amid Growth Potential

Swiggy Ltd, a leader in India's hyperlocal commerce, is the second-largest player in food delivery and quick commerce, with significant growth expected in both sectors. Despite being loss-making, the IPO is recommended for high-risk investors at an upper price band of ₹390, valuing it at 7.8x FY24 Market Cap to Sales, which is competitive compared to Zomato's 17.5x.

IndusInd Bank shares plunge 15 percent amid disappointing Q2 results

IndusInd Bank's shares plummeted 15% following disappointing Q2 results, with a 39.5% year-on-year drop in consolidated net profit to Rs 1,331 crore. Despite a 5% growth in net interest income to Rs 5,347 crore, the bank's net interest margin fell to 4.08%, prompting brokerages like Motilal Oswal and HSBC to maintain 'buy' ratings but adjust target prices to Rs 1,500 and Rs 1,510, respectively.

efg bank strengthens asia advisory team with key recruitments

EFG Bank has strengthened its Asia advisory board by recruiting two prominent figures: Urs Buchmann, former vice chairman at Credit Suisse in Hong Kong, and Ashish Gumashta, who previously held leadership roles at Motilal Oswal and Julius Baer India. Their expertise is expected to drive EFG's growth in the region.
14:41 16.10.2024

EFG International strengthens Asia Advisory Board with new appointments

EFG International has expanded its Asia Advisory Board by appointing Urs Buchmann as Vice Chairman and Ashish Gumashta as a board member. Both bring over 30 years of regional experience, with Buchmann previously at Credit Suisse and Gumashta at Julius Baer, to enhance the bank's growth strategy in Asia, particularly focusing on China and India.
09:07 16.10.2024

efg international strengthens asia advisory board with seasoned industry leaders

EFG Bank has appointed Urs Buchmann as vice chairman and Ashish Gumashta as a member of its Regional Asia Advisory Board. Buchmann brings over 30 years of experience from Credit Suisse, while Gumashta has expertise in the Indian market, previously serving at Motilal Oswal and Julius Baer. Their appointments aim to enhance EFG's growth strategy in Asia, a region crucial for the bank's ambitions.
08:36 16.10.2024

EFG International expands Asia Advisory Board to enhance growth strategy

Boris Collardi, Chairman of EFG International's Regional Asia Advisory Board, has appointed Urs Buchmann and Ashish Gumashta to strengthen the board. Buchmann, a former Vice Chairman at Credit Suisse in Hong Kong, and Gumashta, with extensive experience in the Indian market, will help drive EFG's growth strategy in Asia. As competition intensifies, particularly from Hong Kong and Singapore, EFG aims to expand its presence in the booming Asian wealth market.
08:30 16.10.2024

efg bank appoints dr urs buchmann and ashish gumashta to advisory board

EFG Bank AG has appointed Dr. Urs Buchmann as Vice Chairman and Ashish Gumashta as a member of its Regional Asia Advisory Board. With extensive experience in Greater China and the Indian market, respectively, they will guide the bank's growth strategy in the Asia Pacific region. EFG's leadership expressed confidence in their ability to enhance the bank's offerings and capitalize on emerging opportunities.
08:28 16.10.2024

efg bank enhances asia advisory board with new appointments

EFG Bank AG has appointed Dr. Urs Buchmann as vice chairman and Ashish Gumashta as a member of its Regional Asia Advisory Board. Buchmann brings over 30 years of experience in Greater China, while Gumashta has a strong focus on the Indian market. Their expertise is expected to enhance EFG's growth strategy in the region.
08:10 16.10.2024
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