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.
Sebi relaxes re-KYC process for NRIs; removes physical presence clause
Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India