Axis Bank and Bandhan Bank announce finance chief exits

Axis Bank’s CFO Puneet Sharma and Bandhan Bank’s CFO Rajeev Mantri both resigned within a day of each other, each citing career growth reasons. Sharma exits on 31 August after over six years at Axis, while Mantri will continue till 25 September. Two private-sector lenders saw their chief financial officers resign within a day of…

India’s industrial output growth remains unchanged at 4% in September

Manufacturing output expanded 4.8 per cent during September, while the electricity sector grew 3.1 per cent. In contrast, mining activity slipped 0.4 per cent during the period The Index of Industrial Production (IIP) growth stood at 4 per cent in September, unchanged from August, supported by growth in the manufacturing sector, according to data released…

Morgan Stanley expects India to recover lost ground through 2025, says market looks attractive

Morgan Stanley anticipates a stock picker’s market emerging in India, with a potential shift in fundamentals that has yet to be fully reflected in valuations   Global brokerage firm Morgan Stanley views Indian stocks with an attractive lens, expecting it to to recover lost ground against its peer group through the rest of 2025. The firm sees a…