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2025-06-20 02:31:14| The Economic Times

Indian banks are facing a significant slowdown in earnings growth, potentially halving to 6.5% in FY26 due to a cautious economy and reduced core profits. Muted credit demand, high deposit costs, and RBI's measures to control unsecured lending contribute to this deceleration. However, a rebound to 16.1% is expected in FY27 with anticipated rate cuts and improved demand.

Category: News and Media

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2025-06-20 02:00:52| The Economic Times

Siemens Energy India debuted on the stock market at 2,840 per share. This followed its separation from Siemens. The stock reached 2,982 during the day. It closed at 2,760 with a market capitalisation of 98,289 crore. Analysts predict strong earnings growth for Siemens Energy. They cite the transmission and distribution sector's expansion.

Category: News and Media

2025-06-20 02:00:00| The Economic Times

Whirlpool Corp is divesting a 31% stake in its Indian arm, attracting interest from Reliance Retail, Havells India, and buyout funds like EQT and Bain Capital. This move is part of a global restructuring following a $1.5 billion loss, with the aim to raise $550-600 million.

Category: News and Media

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