The Fed has long guarded its status as an independent institution able to make difficult decisions about borrowing rates, free from political interference. Yet during his previous term in the White House, Trump publicly attacked Chair Jerome Powell after the Fed raised rates to fight inflation, and he may do so again.
Posts in category Economic Times
US stocks extend rally from Trump victory, ahead of Fed rate decision (07-11-2024)
Wall Street’s main stock indexes hit record highs in the run-up to an interest-rate decision from the Federal Reserve on Thursday, extending a sharp rally sparked by Donald Trump’s stunning comeback as U.S. president for a second time.
Rupee falls 26 paise in 2 sessions, but remains strongest among Asian currencies (07-11-2024)
Despite a 26-paise fall, the Indian rupee remains the strongest among emerging Asian currencies, depreciating only 0.65% since October. Other currencies like the ruble, baht, won, and yuan weakened significantly amid global economic turmoil.
Eureka Forbes Q2 Results: Net profit shoots up 83% YoY to Rs 46 crore, revenue up 27% (07-11-2024)
Eureka Forbes reported an 83.2% YoY rise in Q2 net profit to Rs 46.67 crore, with revenues up 27.6% to Rs 672.87 crore. Growth was driven by product innovation, increased marketing, and early festive season demand.
NHPC Q2 results: PAT falls 41% YoY to Rs 909 crore, revenue up 4% (07-11-2024)
NHPC Ltd reported a 41% YoY decline in net profit to Rs 909 crore for Q2 FY24, compared to Rs 1546 crore last year. Revenue rose 4% to Rs 3052 crore, while EBITDA grew 2%, with improved margins of 58.9%.
IHCL Q2 Results: Net profit up 226% to Rs 583 crore, revenue up 27% (07-11-2024)
Tata-backed IHCL reported a 226% YoY profit surge to Rs 583 crore for Q2, with revenues up 27.4% to Rs 1826 crore. The company will manage The Claridges, New Delhi from April 2025. H1 revenues grew 16.4%, profit up 103%.
These 6 stocks hit fresh 52-week highs, rallied up to 12% in a month (07-11-2024)
A 52-week high marks the peak price a stock has achieved over the past year, providing valuable insights for traders and investors.
Lupin Q2 Results: Net profit soars 74% YoY to Rs 853 crore on strong demand for generic drugs (07-11-2024)
Lupin exceeded profit expectations in the second quarter, reporting a 74% surge in profits, reaching ₹8.53 billion. This growth was fueled by robust demand for their respiratory and diabetes medications. Overall revenue also saw an 11.3% increase, reaching ₹54.97 billion.
Breakout Stocks: How to trade KEC International, Apollo Hospitals and Jubilant Pharmova on Friday (07-11-2024)
Selling pressure was observed across telecom, auto, power, real estate, utilities, and metals sectors.
Sweden’s Truecaller hit by Indian tax raid, shares fall 11% (07-11-2024)
Indian tax authorities raided the local offices of Swedish software group Truecaller on Thursday, the company said in a statement, sending the firm’s Stockholm-listed shares down 11%.