Banking stocks declined up to 4% on Wednesday despite the Reserve Bank of India(RBI) reducing the repo rate by 25 basis points to 6% and shifting its monetary policy stance from 'neutral' to 'accommodative.'
Samsung Electronics has posted stronger-than-expected quarterly profits as customers rushed to secure chips and smartphones ahead of impending US tariffs and export restrictions, according to a report on Tuesday.
Meanwhile, Japan's blue-chip Nikkei slid almost 8 per cent, European shares were down 6 per cent, US Treasury yields fell and the VIX stocks volatility gauge jumped to its highest since August.
This is part of its strategic business diversification strategy as ACME Group expands its business footprint beyond Renewable Energy generation, a statement said.
BEML Ltd, one of India's leading mining and construction equipment manufacturers, on Saturday announced the launch of its indigenously designed and developed Motor Grader BG 1205 at its Mysuru complex.
The infrastructure lender aims to raise at least ₹1,000 crore through the sale of five-year bonds, which has a greenshoe option to retain an additional ₹2,000 crore, the bankers said on Friday.
Dhruv Agarwala, the CEO of REA India, that owns real estate classified platform Housing.com, has resigned from the company to pursue his own entrepreneurial journey.
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