Brainbees Solutions Ltd Share Price – NSE /  BSE

Retail, Small Cap

Brainbees Solutions announced that Nitin Agarwal, Senior Management Personnel of Brainbees Solutions, and the Chief Executive Officer & the Director of Globalbees Brands, a subsidiary of the Company, has tendered his resignation, vide the letter dated 24 April 2025, from the services of Globalbees Brands, due to personal reasons. Nitin Agarwal ceased to be the Director of Globalbees Brands and Senior Management Personnel of the Company w.e.f. close of business hours on 24 April 2025. He will be available to assist with all transition actions until close of business hours on 23 May 2025.

Anuj Jain, Chief Business Officer of FirstCry's Pre-School segment and Sr. Vice President Marketing of the Company, has taken charge as the CEO of Globalbees Brands and the Senior Management Personnel of the Company with effect from April 25, 2025. Anuj has been an integral part of the management of the Company since July 2012 and has 23+ years of indutsry experience including companies like ITC and L'Or?al. He completed his PGDM in Marketing, Finance and Strategy from IIM Lucknow and graduated from Birla Institute of Technology, Mesra.

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Brainbees Solutions has allotted 9,84,699 equity shares and transfer of total of 5,37,359 equity shares under ESOP. Consequent to the above allotment, the paid-up share capital of the Company stands increased from Rs. 1,03,83,68,338/- to Rs. 1,04,03,37,736/-.

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The headline equity benchmarks traded with substantial losses in the mid-morning trade after US President Donald Trump announced that the United States would impose a 25 percent tariff on all steel and aluminum imports starting Monday. This move is expected to be in addition to further metal duties, which are anticipated to be disclosed later in the week. The Nifty traded below the 23,400 level. Realty shares tumbled after advancing in the past trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, slipped 551.09 points or 0.72% to 77,299.49. The Nifty 50 index lost 172.50 points or 0.73% to 23,387.45.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.65%, and the S&P BSE Small-Cap index declined 2.09%.

The market breadth was weak. On the BSE, 1,074 shares rose and 2,774 shares fell. A total of 179 shares were unchanged.

Indian Rupee hit a fresh record low against the US dollar on Monday. The currency opened at 87.9400 and touched a fresh all-time low of 87.9525 and is currently trading at 87.7650.

Economy:

India's forex reserves rose USD 1.05 billion to USD 630.607 billion for the week ended January 31, the RBI said on Friday. In the previous reporting week, the overall reserves had increased by USD 5.574 billion to USD 629.557 billion. This is the second consecutive week of an increase in the reserves, which have otherwise been on a declining trend for the last few weeks due to revaluation along with possible forex market interventions by RBI to help reduce volatilities in the rupee, as stated by Governor in RBI monetary policy meet.

Politics

The Bharatiya Janata Party (BJP) won the Delhi legislative assembly elections with 48 out of 70 seats, marking its return to power in the capital after 27 years, while the Aam Aadmi Party (AAP) secured 22 seats. A party that wins more than the halfway mark of 35 seats can form the government.

AAP leaders Arvind Kejriwal and Manish Sisodia lost their seats to BJP candidates. The BJP's campaign focused on financial assistance for women and senior citizens, subsidies on essential goods, and infrastructure development. AAP’s vote share declined by approximately 10% compared to the previous election. The Congress party failed to secure any seats for the third consecutive time but saw a slight increase in its vote share.

IPO Update:

The initial public offer (IPO) of Ajax Engineering received bids for 8,97,483 shares as against 1,41,49,997 shares on offer, according to stock exchange data at 11:15 IST on 10 February 2024. The issue was subscribed to 0.06 times.

The issue opened for bidding on 10 February 2024 and it will close on 12 February 2024. The price band of the IPO is fixed between Rs 599 and Rs 629 per share. An investor can bid for a minimum of 23 equity shares and in multiples thereof.

Buzzing Index:

The Nifty Realty index dropped 2.83% to 891.75. The index rose 0.10% in the past trading session.

Sobha (down 4.38%), Macrotech Developers (down 4.13%), Brigade Enterprises (down 3.1%), Phoenix Mills (down 2.77%), Prestige Estates Projects (down 2.7%), DLF (down 2.57%), Godrej Properties (down 1.80%), Raymond (down 1.71%), Mahindra Lifespace Developers (down 1.68%) and Oberoi Realty (down 1.25%) declined.

Stocks in Spotlight:

Brainbees Solutions rallied 3.85%. The company posted consolidated net loss of Rs 14.73 crore in Q3 FY25, compared with net loss of Rs 48.41 crore posted in Q3 FY24. However, revenue from operations jumped 14.31% to Rs 2,172.3 crore in the third quarter of FY25 as against Rs 1,900.2 crore posted in Q3 FY24.

Natco Pharma declined 1.75%. The company said that it has received final approval of its ANDA for Bosentan tablets for oral suspension (TFOS), which is a generic version of Tracleer by Actelion Pharmaceuticals US Inc.

Sun TV Network slipped 3.23% after the media company’s standalone net profit declined 20.62% to Rs 347.17 crore on 10.38% drop in revenue from operations to Rs 793.58 crore in Q3 FY25 over Q3 FY24.

Global Markets:

US Dow Jones index futures were up 78 points, suggesting a positive opening for US equities. However, gains were tempered by anticipation of key US inflation data due this week.

Most Asian stocks traded higher on Monday. U.S. President Donald Trump threatened additional tariffs, including on steel and aluminum. This inflationary measure could reduce the likelihood of rate cuts in the US.

The individual indicated that 25% tariffs on all steel and aluminum imports into the US would be announced on Monday, with other reciprocal tariffs revealed on Tuesday or Wednesday.

These comments followed German Chancellor Olaf Scholz's statement that the European Union was prepared to respond within an hour if the US imposed tariffs on European goods, underscoring the potential for an escalating trade conflict.

China's retaliatory tariffs on certain US exports are scheduled to take effect on Monday, with no apparent progress in discussions between Beijing and Washington.

Wall Street experienced some recovery buying after significant declines on Friday, when Trump signaled intentions to impose tariffs on US imports to match levies from US trading partners on American goods. These plans were reiterated on Sunday.

Trump on Sunday said that 25% tariffs on all steel and aluminum imports to the US would be announced on Monday, shortly after his 10% tariffs on China took effect. These tariffs will supplement existing duties on steel and aluminum, implemented during his previous term and maintained by the current administration, albeit at a reduced level. The move is expected to primarily affect imports from Canada, Brazil, and Mexico, the largest steel exporters to the US. Canada is also the leading aluminum exporter to the US.

On Friday, the S&P 500 decreased by nearly 1%, and the NASDAQ Composite fell by 1.4%. The Dow Jones Industrial Average dropped by 1%. The Federal Reserve Chair is scheduled to testify before the House of Representatives on Tuesday and Wednesday, where the impact of tariffs on monetary policy is likely to be a prominent topic.

Powered by Capital Market - Live News

Brainbees Solutions has allotted 9,84,699 equity shares and transfer of total of 5,37,359 equity shares under ESOP. Consequent to the above allotment, the paid-up share capital of the Company stands increased from Rs. 1,03,83,68,338/- to Rs. 1,04,03,37,736/-.

Powered by Capital Market - Live News

The headline equity benchmarks traded with substantial losses in the mid-morning trade after US President Donald Trump announced that the United States would impose a 25 percent tariff on all steel and aluminum imports starting Monday. This move is expected to be in addition to further metal duties, which are anticipated to be disclosed later in the week. The Nifty traded below the 23,400 level. Realty shares tumbled after advancing in the past trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, slipped 551.09 points or 0.72% to 77,299.49. The Nifty 50 index lost 172.50 points or 0.73% to 23,387.45.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.65%, and the S&P BSE Small-Cap index declined 2.09%.

The market breadth was weak. On the BSE, 1,074 shares rose and 2,774 shares fell. A total of 179 shares were unchanged.

Indian Rupee hit a fresh record low against the US dollar on Monday. The currency opened at 87.9400 and touched a fresh all-time low of 87.9525 and is currently trading at 87.7650.

Economy:

India's forex reserves rose USD 1.05 billion to USD 630.607 billion for the week ended January 31, the RBI said on Friday. In the previous reporting week, the overall reserves had increased by USD 5.574 billion to USD 629.557 billion. This is the second consecutive week of an increase in the reserves, which have otherwise been on a declining trend for the last few weeks due to revaluation along with possible forex market interventions by RBI to help reduce volatilities in the rupee, as stated by Governor in RBI monetary policy meet.

Politics

The Bharatiya Janata Party (BJP) won the Delhi legislative assembly elections with 48 out of 70 seats, marking its return to power in the capital after 27 years, while the Aam Aadmi Party (AAP) secured 22 seats. A party that wins more than the halfway mark of 35 seats can form the government.

AAP leaders Arvind Kejriwal and Manish Sisodia lost their seats to BJP candidates. The BJP's campaign focused on financial assistance for women and senior citizens, subsidies on essential goods, and infrastructure development. AAP’s vote share declined by approximately 10% compared to the previous election. The Congress party failed to secure any seats for the third consecutive time but saw a slight increase in its vote share.

IPO Update:

The initial public offer (IPO) of Ajax Engineering received bids for 8,97,483 shares as against 1,41,49,997 shares on offer, according to stock exchange data at 11:15 IST on 10 February 2024. The issue was subscribed to 0.06 times.

The issue opened for bidding on 10 February 2024 and it will close on 12 February 2024. The price band of the IPO is fixed between Rs 599 and Rs 629 per share. An investor can bid for a minimum of 23 equity shares and in multiples thereof.

Buzzing Index:

The Nifty Realty index dropped 2.83% to 891.75. The index rose 0.10% in the past trading session.

Sobha (down 4.38%), Macrotech Developers (down 4.13%), Brigade Enterprises (down 3.1%), Phoenix Mills (down 2.77%), Prestige Estates Projects (down 2.7%), DLF (down 2.57%), Godrej Properties (down 1.80%), Raymond (down 1.71%), Mahindra Lifespace Developers (down 1.68%) and Oberoi Realty (down 1.25%) declined.

Stocks in Spotlight:

Brainbees Solutions rallied 3.85%. The company posted consolidated net loss of Rs 14.73 crore in Q3 FY25, compared with net loss of Rs 48.41 crore posted in Q3 FY24. However, revenue from operations jumped 14.31% to Rs 2,172.3 crore in the third quarter of FY25 as against Rs 1,900.2 crore posted in Q3 FY24.

Natco Pharma declined 1.75%. The company said that it has received final approval of its ANDA for Bosentan tablets for oral suspension (TFOS), which is a generic version of Tracleer by Actelion Pharmaceuticals US Inc.

Sun TV Network slipped 3.23% after the media company’s standalone net profit declined 20.62% to Rs 347.17 crore on 10.38% drop in revenue from operations to Rs 793.58 crore in Q3 FY25 over Q3 FY24.

Global Markets:

US Dow Jones index futures were up 78 points, suggesting a positive opening for US equities. However, gains were tempered by anticipation of key US inflation data due this week.

Most Asian stocks traded higher on Monday. U.S. President Donald Trump threatened additional tariffs, including on steel and aluminum. This inflationary measure could reduce the likelihood of rate cuts in the US.

The individual indicated that 25% tariffs on all steel and aluminum imports into the US would be announced on Monday, with other reciprocal tariffs revealed on Tuesday or Wednesday.

These comments followed German Chancellor Olaf Scholz's statement that the European Union was prepared to respond within an hour if the US imposed tariffs on European goods, underscoring the potential for an escalating trade conflict.

China's retaliatory tariffs on certain US exports are scheduled to take effect on Monday, with no apparent progress in discussions between Beijing and Washington.

Wall Street experienced some recovery buying after significant declines on Friday, when Trump signaled intentions to impose tariffs on US imports to match levies from US trading partners on American goods. These plans were reiterated on Sunday.

Trump on Sunday said that 25% tariffs on all steel and aluminum imports to the US would be announced on Monday, shortly after his 10% tariffs on China took effect. These tariffs will supplement existing duties on steel and aluminum, implemented during his previous term and maintained by the current administration, albeit at a reduced level. The move is expected to primarily affect imports from Canada, Brazil, and Mexico, the largest steel exporters to the US. Canada is also the leading aluminum exporter to the US.

On Friday, the S&P 500 decreased by nearly 1%, and the NASDAQ Composite fell by 1.4%. The Dow Jones Industrial Average dropped by 1%. The Federal Reserve Chair is scheduled to testify before the House of Representatives on Tuesday and Wednesday, where the impact of tariffs on monetary policy is likely to be a prominent topic.

Powered by Capital Market - Live News

Net profit of Brainbees Solutions rose 226.42% to Rs 37.80 crore in the quarter ended December 2024 as against Rs 11.58 crore during the previous quarter ended December 2023. Sales rose 11.78% to Rs 710.60 crore in the quarter ended December 2024 as against Rs 635.70 crore during the previous quarter ended December 2023.

Powered by Capital Market - Live News

Brainbees Solutions announced that Nitin Agarwal, Senior Management Personnel of Brainbees Solutions, and the Chief Executive Officer & the Director of Globalbees Brands, a subsidiary of the Company, has tendered his resignation, vide the letter dated 24 April 2025, from the services of Globalbees Brands, due to personal reasons. Nitin Agarwal ceased to be the Director of Globalbees Brands and Senior Management Personnel of the Company w.e.f. close of business hours on 24 April 2025. He will be available to assist with all transition actions until close of business hours on 23 May 2025.

Anuj Jain, Chief Business Officer of FirstCry's Pre-School segment and Sr. Vice President Marketing of the Company, has taken charge as the CEO of Globalbees Brands and the Senior Management Personnel of the Company with effect from April 25, 2025. Anuj has been an integral part of the management of the Company since July 2012 and has 23+ years of indutsry experience including companies like ITC and L'Or?al. He completed his PGDM in Marketing, Finance and Strategy from IIM Lucknow and graduated from Birla Institute of Technology, Mesra.

Powered by Capital Market - Live News

Brainbees Solutions has allotted 9,84,699 equity shares and transfer of total of 5,37,359 equity shares under ESOP. Consequent to the above allotment, the paid-up share capital of the Company stands increased from Rs. 1,03,83,68,338/- to Rs. 1,04,03,37,736/-.

Powered by Capital Market - Live News

The headline equity benchmarks traded with substantial losses in the mid-morning trade after US President Donald Trump announced that the United States would impose a 25 percent tariff on all steel and aluminum imports starting Monday. This move is expected to be in addition to further metal duties, which are anticipated to be disclosed later in the week. The Nifty traded below the 23,400 level. Realty shares tumbled after advancing in the past trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, slipped 551.09 points or 0.72% to 77,299.49. The Nifty 50 index lost 172.50 points or 0.73% to 23,387.45.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.65%, and the S&P BSE Small-Cap index declined 2.09%.

The market breadth was weak. On the BSE, 1,074 shares rose and 2,774 shares fell. A total of 179 shares were unchanged.

Indian Rupee hit a fresh record low against the US dollar on Monday. The currency opened at 87.9400 and touched a fresh all-time low of 87.9525 and is currently trading at 87.7650.

Economy:

India's forex reserves rose USD 1.05 billion to USD 630.607 billion for the week ended January 31, the RBI said on Friday. In the previous reporting week, the overall reserves had increased by USD 5.574 billion to USD 629.557 billion. This is the second consecutive week of an increase in the reserves, which have otherwise been on a declining trend for the last few weeks due to revaluation along with possible forex market interventions by RBI to help reduce volatilities in the rupee, as stated by Governor in RBI monetary policy meet.

Politics

The Bharatiya Janata Party (BJP) won the Delhi legislative assembly elections with 48 out of 70 seats, marking its return to power in the capital after 27 years, while the Aam Aadmi Party (AAP) secured 22 seats. A party that wins more than the halfway mark of 35 seats can form the government.

AAP leaders Arvind Kejriwal and Manish Sisodia lost their seats to BJP candidates. The BJP's campaign focused on financial assistance for women and senior citizens, subsidies on essential goods, and infrastructure development. AAP’s vote share declined by approximately 10% compared to the previous election. The Congress party failed to secure any seats for the third consecutive time but saw a slight increase in its vote share.

IPO Update:

The initial public offer (IPO) of Ajax Engineering received bids for 8,97,483 shares as against 1,41,49,997 shares on offer, according to stock exchange data at 11:15 IST on 10 February 2024. The issue was subscribed to 0.06 times.

The issue opened for bidding on 10 February 2024 and it will close on 12 February 2024. The price band of the IPO is fixed between Rs 599 and Rs 629 per share. An investor can bid for a minimum of 23 equity shares and in multiples thereof.

Buzzing Index:

The Nifty Realty index dropped 2.83% to 891.75. The index rose 0.10% in the past trading session.

Sobha (down 4.38%), Macrotech Developers (down 4.13%), Brigade Enterprises (down 3.1%), Phoenix Mills (down 2.77%), Prestige Estates Projects (down 2.7%), DLF (down 2.57%), Godrej Properties (down 1.80%), Raymond (down 1.71%), Mahindra Lifespace Developers (down 1.68%) and Oberoi Realty (down 1.25%) declined.

Stocks in Spotlight:

Brainbees Solutions rallied 3.85%. The company posted consolidated net loss of Rs 14.73 crore in Q3 FY25, compared with net loss of Rs 48.41 crore posted in Q3 FY24. However, revenue from operations jumped 14.31% to Rs 2,172.3 crore in the third quarter of FY25 as against Rs 1,900.2 crore posted in Q3 FY24.

Natco Pharma declined 1.75%. The company said that it has received final approval of its ANDA for Bosentan tablets for oral suspension (TFOS), which is a generic version of Tracleer by Actelion Pharmaceuticals US Inc.

Sun TV Network slipped 3.23% after the media company’s standalone net profit declined 20.62% to Rs 347.17 crore on 10.38% drop in revenue from operations to Rs 793.58 crore in Q3 FY25 over Q3 FY24.

Global Markets:

US Dow Jones index futures were up 78 points, suggesting a positive opening for US equities. However, gains were tempered by anticipation of key US inflation data due this week.

Most Asian stocks traded higher on Monday. U.S. President Donald Trump threatened additional tariffs, including on steel and aluminum. This inflationary measure could reduce the likelihood of rate cuts in the US.

The individual indicated that 25% tariffs on all steel and aluminum imports into the US would be announced on Monday, with other reciprocal tariffs revealed on Tuesday or Wednesday.

These comments followed German Chancellor Olaf Scholz's statement that the European Union was prepared to respond within an hour if the US imposed tariffs on European goods, underscoring the potential for an escalating trade conflict.

China's retaliatory tariffs on certain US exports are scheduled to take effect on Monday, with no apparent progress in discussions between Beijing and Washington.

Wall Street experienced some recovery buying after significant declines on Friday, when Trump signaled intentions to impose tariffs on US imports to match levies from US trading partners on American goods. These plans were reiterated on Sunday.

Trump on Sunday said that 25% tariffs on all steel and aluminum imports to the US would be announced on Monday, shortly after his 10% tariffs on China took effect. These tariffs will supplement existing duties on steel and aluminum, implemented during his previous term and maintained by the current administration, albeit at a reduced level. The move is expected to primarily affect imports from Canada, Brazil, and Mexico, the largest steel exporters to the US. Canada is also the leading aluminum exporter to the US.

On Friday, the S&P 500 decreased by nearly 1%, and the NASDAQ Composite fell by 1.4%. The Dow Jones Industrial Average dropped by 1%. The Federal Reserve Chair is scheduled to testify before the House of Representatives on Tuesday and Wednesday, where the impact of tariffs on monetary policy is likely to be a prominent topic.

Powered by Capital Market - Live News

Brainbees Solutions has allotted 9,84,699 equity shares and transfer of total of 5,37,359 equity shares under ESOP. Consequent to the above allotment, the paid-up share capital of the Company stands increased from Rs. 1,03,83,68,338/- to Rs. 1,04,03,37,736/-.

Powered by Capital Market - Live News

The headline equity benchmarks traded with substantial losses in the mid-morning trade after US President Donald Trump announced that the United States would impose a 25 percent tariff on all steel and aluminum imports starting Monday. This move is expected to be in addition to further metal duties, which are anticipated to be disclosed later in the week. The Nifty traded below the 23,400 level. Realty shares tumbled after advancing in the past trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, slipped 551.09 points or 0.72% to 77,299.49. The Nifty 50 index lost 172.50 points or 0.73% to 23,387.45.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.65%, and the S&P BSE Small-Cap index declined 2.09%.

The market breadth was weak. On the BSE, 1,074 shares rose and 2,774 shares fell. A total of 179 shares were unchanged.

Indian Rupee hit a fresh record low against the US dollar on Monday. The currency opened at 87.9400 and touched a fresh all-time low of 87.9525 and is currently trading at 87.7650.

Economy:

India's forex reserves rose USD 1.05 billion to USD 630.607 billion for the week ended January 31, the RBI said on Friday. In the previous reporting week, the overall reserves had increased by USD 5.574 billion to USD 629.557 billion. This is the second consecutive week of an increase in the reserves, which have otherwise been on a declining trend for the last few weeks due to revaluation along with possible forex market interventions by RBI to help reduce volatilities in the rupee, as stated by Governor in RBI monetary policy meet.

Politics

The Bharatiya Janata Party (BJP) won the Delhi legislative assembly elections with 48 out of 70 seats, marking its return to power in the capital after 27 years, while the Aam Aadmi Party (AAP) secured 22 seats. A party that wins more than the halfway mark of 35 seats can form the government.

AAP leaders Arvind Kejriwal and Manish Sisodia lost their seats to BJP candidates. The BJP's campaign focused on financial assistance for women and senior citizens, subsidies on essential goods, and infrastructure development. AAP’s vote share declined by approximately 10% compared to the previous election. The Congress party failed to secure any seats for the third consecutive time but saw a slight increase in its vote share.

IPO Update:

The initial public offer (IPO) of Ajax Engineering received bids for 8,97,483 shares as against 1,41,49,997 shares on offer, according to stock exchange data at 11:15 IST on 10 February 2024. The issue was subscribed to 0.06 times.

The issue opened for bidding on 10 February 2024 and it will close on 12 February 2024. The price band of the IPO is fixed between Rs 599 and Rs 629 per share. An investor can bid for a minimum of 23 equity shares and in multiples thereof.

Buzzing Index:

The Nifty Realty index dropped 2.83% to 891.75. The index rose 0.10% in the past trading session.

Sobha (down 4.38%), Macrotech Developers (down 4.13%), Brigade Enterprises (down 3.1%), Phoenix Mills (down 2.77%), Prestige Estates Projects (down 2.7%), DLF (down 2.57%), Godrej Properties (down 1.80%), Raymond (down 1.71%), Mahindra Lifespace Developers (down 1.68%) and Oberoi Realty (down 1.25%) declined.

Stocks in Spotlight:

Brainbees Solutions rallied 3.85%. The company posted consolidated net loss of Rs 14.73 crore in Q3 FY25, compared with net loss of Rs 48.41 crore posted in Q3 FY24. However, revenue from operations jumped 14.31% to Rs 2,172.3 crore in the third quarter of FY25 as against Rs 1,900.2 crore posted in Q3 FY24.

Natco Pharma declined 1.75%. The company said that it has received final approval of its ANDA for Bosentan tablets for oral suspension (TFOS), which is a generic version of Tracleer by Actelion Pharmaceuticals US Inc.

Sun TV Network slipped 3.23% after the media company’s standalone net profit declined 20.62% to Rs 347.17 crore on 10.38% drop in revenue from operations to Rs 793.58 crore in Q3 FY25 over Q3 FY24.

Global Markets:

US Dow Jones index futures were up 78 points, suggesting a positive opening for US equities. However, gains were tempered by anticipation of key US inflation data due this week.

Most Asian stocks traded higher on Monday. U.S. President Donald Trump threatened additional tariffs, including on steel and aluminum. This inflationary measure could reduce the likelihood of rate cuts in the US.

The individual indicated that 25% tariffs on all steel and aluminum imports into the US would be announced on Monday, with other reciprocal tariffs revealed on Tuesday or Wednesday.

These comments followed German Chancellor Olaf Scholz's statement that the European Union was prepared to respond within an hour if the US imposed tariffs on European goods, underscoring the potential for an escalating trade conflict.

China's retaliatory tariffs on certain US exports are scheduled to take effect on Monday, with no apparent progress in discussions between Beijing and Washington.

Wall Street experienced some recovery buying after significant declines on Friday, when Trump signaled intentions to impose tariffs on US imports to match levies from US trading partners on American goods. These plans were reiterated on Sunday.

Trump on Sunday said that 25% tariffs on all steel and aluminum imports to the US would be announced on Monday, shortly after his 10% tariffs on China took effect. These tariffs will supplement existing duties on steel and aluminum, implemented during his previous term and maintained by the current administration, albeit at a reduced level. The move is expected to primarily affect imports from Canada, Brazil, and Mexico, the largest steel exporters to the US. Canada is also the leading aluminum exporter to the US.

On Friday, the S&P 500 decreased by nearly 1%, and the NASDAQ Composite fell by 1.4%. The Dow Jones Industrial Average dropped by 1%. The Federal Reserve Chair is scheduled to testify before the House of Representatives on Tuesday and Wednesday, where the impact of tariffs on monetary policy is likely to be a prominent topic.

Powered by Capital Market - Live News

Net profit of Brainbees Solutions rose 226.42% to Rs 37.80 crore in the quarter ended December 2024 as against Rs 11.58 crore during the previous quarter ended December 2023. Sales rose 11.78% to Rs 710.60 crore in the quarter ended December 2024 as against Rs 635.70 crore during the previous quarter ended December 2023.

Powered by Capital Market - Live News