Raymond shares rise 4.5% post Q2 earnings

Raymond’s shares climbed 4.5% despite a 63% drop in Q2 profit, driven by strong revenue growth in real estate and engineering. Real estate revenue surged 135% and engineering revenue jumped 121%. The company highlighted project execution and strong domestic demand as key growth drivers.

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Purchase of bad loans by ARCs rises 56% in Q1

Asset reconstruction companies bought twenty-six thousand three hundred four crore rupees of bad loans. This acquisition saw a fifty-six percent increase from the previous year’s

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