The third quarter earnings season sees key companies like Ashok Leyland, Siemens, and others announcing results. Ashok Leyland is predicted to witness a minor revenue decline while showing a profit increase. Siemens is expected to report significant growth in both revenue and profit, boosted by its Gas & Power and Mobility segments.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.