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Japan 40 year government bond auction sees strong demand as yields rise to 3.84%, despite Middle East tensions, oil price gains and attacks on Iranian ships

Shares of Brainbees Solutions are down 23% so far this year. With Wednesday’s fall, the stock is now down over 50% from its issue price of ₹465.

The company’s India business remained the key growth driver during the quarter. Revenue from the domestic business increased 15% year-on-year, while margins in the segment expanded by 300 basis points.

Despite the recent correction seen in shares of SBI, none of the 49 analysts who have coverage on State Bank of India, the country’s largest lender, have a “sell” rating on the stock.

Coal India’s Offer For Sale for non-retail investors opens on Wednesday, while that for retail investors will open on Friday, as Thursday is a stock market holiday.

Indian rupee opens lower at 95.75 against US dollar, pressured by Iran conflict, elevated crude prices and foreign outflows, outlook remains vulnerable.

Pine Labs reported a turnaround in profitability during the quarter, posting a net profit of ₹59 crore compared to losses earlier. Revenue grew 17% year-on-year, although it came in slightly below analyst expectations.

Average inflation forecasts are likely to move higher, and the RBI should begin the rate hike cycle to maintain its credibility as an inflation-focused central bank, according to Suyash Choudhary, CIO-Fixed Income at Bandhan Mutual Fund. However, he believes rate…

Carraro India’s engineering services and e-transmission business is also gaining traction. It said its higher HP tractor export market is gradually recovering.

Siemens reported a 32.6% increase in its order inflow to ₹6,731 crore compared to ₹5,074 crore last year. This included the order from its parent group worth ₹1,830 crore in the mobility segment.