VST Industries, a company partially owned by Radhakishan Damani, saw its shares rise 4% after announcing the sale of its Hyderabad property for ₹101.7 crore. The buyer is not affiliated with the promoter or promoter group. Despite the recent surge, the stock has experienced declines over the past six months.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction