RBI delaying year-end bonuses to the heads of top private banks — HDFC, ICICI and Axis Bank

RBI Cuts Repo Rate

Gold Silver Reports (GSR) – RBI delaying year-end bonuses to the heads of top private banks — HDFC, ICICI and Axis Bank — Chief executive officers at HDFC Bank Ltd., ICICI Bank Ltd. and Axis Bank Ltd. —the nation’s largest private lenders by assets — are among bankers yet to receive bonuses for the financial year ended 31 March 2017, as the Reserve Bank of India hasn’t signed off on the proposed payments, the people said, asking not to be identified as the information is private. They declined to give further details. Business Standard newspaper had previously reported the delays.                               

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Lupin Jumps After Receiving Clean Chit From FDA

Lupin Jumps After Receiving Clean Chit From FDA

Shares of the drug maker extended gains for the second day and rose as much as 7.1 percent, the most in over five months to Rs 842.80.

The pharmaceutical company received a clean chit from U.S. drug regulator or its Pithampur Unit 1 Facility, according to its stock exchange notification.                                       

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Stocks Rally Third Day as Trump Team Eases Stance

Gold Silver Reports (GSR) – Stocks Rally Third Day as Trump Team Eases Stance — The S&P 500 Index bounced back from Monday’s selloff as investors grew more confident the administration’s protectionist rhetoric wouldn’t result in equally stringent policy. The rally took stocks to a two-week high. The dollar strengthened for the third time this week, while the 10-year Treasury yield popped above 2.82 percent.                         

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