Sat Sep 07 06:28:18 UTC 2024: ## Business Headlines: Proxy Votes, High PE Stocks, and More
**The Economic Times reports on a range of business news, including:**
* **Proxy votes against auditor appointments:** Investors have raised concerns about the appointments of auditors at several major banks, including ICICI Bank, YES Bank, and IDFC First.
* **High PE stocks:** Despite high valuations, 15 mid-cap stocks are showing promising returns.
* **Supreme Court ruling:** The Supreme Court has made bail the norm in money laundering cases.
* **Diverging policies:** The Reserve Bank of India and the Federal Reserve are taking different approaches to the future of payments technology.
* **Bank stock underperformance:** High food prices are blamed for the poor performance of bank stocks.
* **MSME woes:** Manufacturing hubs across India are facing closures due to dwindling global orders.
* **Boeing’s successful landing:** Boeing’s Starliner spacecraft landed safely in New Mexico after a successful mission.
* **Train derailment:** A train derailed in Jabalpur, but there were no casualties.
**Beyond business, the article also covers:**
* **Political tensions:** Home Minister Amit Shah criticized Rahul Gandhi’s stance on Article 370.
* **Religious festivities:** Ganesh Chaturthi celebrations are underway across India.
* **Sports news:** Paralympics medalist Kapil wins bronze in Judo, and Praveen wins gold in Paris.
* **Political developments:** Wrestlers Bajrang Punia and Vinesh Phogat joined the Congress party.
* **Allegations of insider trading:** Congress alleges that Madhabi Puri engaged in insider trading.
**The article concludes with a call to subscribe to The Economic Times Prime for exclusive content and insights.**
First Piper 