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.
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.