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Newly listed Canara Robeco AMC shares fell 11.3% to 311 after posting muted Q2 results. Net profit dipped 2% to 49 crore, while revenue rose 3% to 107.7 crore year-on-year.
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News and Media
PSU bank stocks rose up to 3.3% after reports said the government may raise foreign investment limits to 49% in state-run banks, more than double current caps. The finance ministry and RBI are in talks, aiming to align rules with private banks, where foreign ownership is allowed up to 74%.
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News and Media
If confirmed, the cuts in Amazon's corporate ranks could mark the company's biggest layoffs in several years.
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News and Media
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