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Bailey said the US and UK are facing very different circumstances, with the rise in electricity and natural gas prices in Europe likely to restrain the economy and take some of the wind out of inflationary pressures.

U.S. stocks close lower on Fed rate hike worry

Updated at : 2022-11-04 08:45:03

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While traders are roughly evenly split between the odds of a 50 basis-point and 75 basis-point rate hike in December, the peak Fed funds rate is seen climbing to at least 5%, compared with a prior view of 4.50%-4.75% rise.

Gati to buy out Japanese partner KWE’s stake in JV

Updated at : 2022-11-04 07:35:03

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“Valuations are being discussed. When Allcargo bought Gati, there was an agreement made between Gati and Kintetsu World Express that for two years, there would be no change in the structure of the JV. Since that two-year period is over, we at Allcargo felt that it’s time for us to become a 100% ownership," said Pirojshaw Sarkari.

The fast moving consumer goods maker is expected t0 report a nearly 13% YoY rise in consolidated net profit to Rs 4,064 crore

The prices of silver jumped about 14 per cent during the period under review as the spot prices of the white metal topped Rs 59,000 mark on Wednesday in the Indian market

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Square Yards said mortgage and home renovations led the growth charts with new homes benefitting from the rebound in the sector as well

Payment of interim dividend of Rs 7/- (350%) per equity share on the face-value of Rs 2/- per share for the Financial Year 2022-23,” said the company’s filing with the exchange.For the aforesaid dividend, the company has also fixed the record date as November 14. Also, the dividend payment date has been intimated as of or after November 24.

The net interest income (NII) for the quarter rose 13% YoY to Rs 4,639 crore. The reported net interest margin (NIM) for the half-year ended September 30 was 3.4%, the company said in a release.​​

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The company had posted a consolidated net profit of Rs 195.94 crore in the same period last fiscal, Ajanta Pharma said in a regulatory filing.Consolidated revenue from operations stood at Rs 938.1 crore, as against Rs 884.8 crore in the year-ago period.

​Quarterly revenue for the cash-strapped telco rose almost 2% sequentially to Rs 10,614.6 crore in the July-September quarter from Rs 10,410 crore in the previous one, helped by the addition of 4G users who consumed more data, pushing average revenue per user (ARPU) higher.

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