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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.

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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

2025-06-20 01:57:39| The Economic Times

The Indian rupee hit a three-month low of 86.89 against the dollar due to concerns over the Iran-Israel conflict and rising oil prices, settling slightly higher at 86.72 following suspected RBI intervention. Elevated Brent crude prices at $77 a barrel are adding pressure, with traders anticipating continued rupee weakness amid Middle East tensions and cautious exporter hedging.

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