A Michigan company is recalling more than 167,000 pounds of ground beef products because of a possible E. coli contamination, the fourth major recall tied to a food-borne illness nationally in the past five months, according to a U.S. Department of Agriculture release.
Goldman Sachs predicts the Reserve Bank of India will implement a modest rate cut of 50 basis points by June 2025, commencing in the March quarter. They also revised India's growth forecast to 6.4% for FY25, citing a cyclical slowdown and the impact of a strong dollar. Despite this, the bank maintains India's long-term growth potential remains positive.
Enviro Infra Engineers plans to raise Rs 650 crore through an IPO. The funds will be used for project funding, debt repayment, and working capital. The company has a strong order book and in-house capabilities. While it has negative OCF, this is expected to improve with project execution. The government's focus on water infrastructure provides a positive outlook for the company.
Enviro Infra Engineers, which is involved in the development of turnkey projects of sewage treatment plants and sewerage system, on Thursday collected around Rs 195 crore from anchor investors, a day before its initial share sale opening for public subscription.
NSE Investments will sell up to 20.31% stake in Protean eGov Technologies via an OFS. The floor price is set at Rs 1,550. The OFS will open for non-retail investors on Friday and for retail investors on Monday. NSE Investments is a wholly-owned subsidiary of NSE.
Despite the market downturn, five stocks from the BSE500 index reached their 52-week highs. A 52-week high signifies the highest price a stock has achieved in the past year, providing important insights for traders and investors.
