The partnership aims to expand New Era's retail presence in India while helping Metro Brands grow in the athleisure segment.
Investors remained cautious ahead of the RBI's policy announcement and amidst mixed global cues, leading to a sell-off in several key sectors.
Brainbees Solutions aims to raise ₹4,193.73 Crore through the IPO, with ₹1,666 Crore coming from the issuance of fresh shares.
Among the top gainers in the Sensex are Tata Motors, HDFC Bank, Bharti Airtel, and ITC,
The company's revenue from operations increased by 1.4%, reaching ₹6,334.9 Crore compared to ₹6,244.6 Crore in the corresponding period of the previous fiscal year.
Bharat Forge reports a 13.5% decline in standalone net profit for Q2 to ₹269.4 crore due to an exceptional loss of ₹145.6 crore.
MRF Ltd shares has gained a total of 29% in the last one year and 8% since the beginning of the year.
Todays' RBI policy is in the same vein. If RBI were to sound dovish today, and inflation (or global yields) were to rise thereafter, then RBI would have played all its cards too soon.
Overall, it was a mildly cautious policy with a clear message on vanquishing the food inflation before considering a rate cut.
Though headline CPI print is moderating, the apex bank has decided to keep a strict vigil on underlying price pressures in view of the higher food prices.

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