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HSBC downgrades India to 'Neutral', setting Sensex target for 2025 at Rs 85,990 amid concerns over high valuations and reduced earnings growth.
New World Development faces crisis with shares dropping nearly 30% as debt reduction efforts show slow progress, raising investor concerns.
HSBC reports a slowdown in revenue growth for India’s household durables in Q3 due to low consumer demand and climatic factors.
HSBC forecasts a 12.5% credit growth for Indian banks in 2024-25, amid challenges like tight liquidity and a slowing GDP.
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