Shares of Transformers and Rectifiers India Ltd plunged 20% to hit the lower circuit at Rs 313.55 after the company reported a 20% drop in Q2 net profit to Rs 37.45 crore. EBITDA margins also declined sharply, triggering a steep selloff in the smallcap PSU stock.Read More
Indian government bonds saw a slight dip early Monday, influenced by a selloff in U.S. treasuries, despite optimism about potential Reserve Bank of India support. Market participants await clarity on the RBI’s bond purchase intentions. Meanwhile, overnight index swap rates inched up, mirroring U.S. Treasury yields. Investors are also anticipating October retail inflation data.Read More
The rupee weakened by 4 paise to 88.69 against the US dollar, influenced by a stronger dollar globally and rising crude oil prices. Forex traders noted fragile sentiment due to international uncertainty, including the US government shutdown. Despite short-term volatility, India’s strong economic fundamentals suggest a medium-term trend towards rupee appreciation.Read More
The office space market in India took a dynamic leap with a 26 percent rise in new supply during the September quarter. Leading the charge, Pune saw an eye-popping 164 percent growth, largely driven by a surge in demand from global capability centers. Leasing rates also showed positive momentum, reflecting a vibrant market.Read More
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