Sales rise 119.63% to Rs 47.55 crore
Shiva Cement reports standalone net loss of Rs 33.61 crore in the September 2024 quarter (22-10-2024)
Sales decline 51.61% to Rs 50.53 crore
Comfort Fincap consolidated net profit declines 36.59% in the September 2024 quarter (22-10-2024)
Sales decline 16.76% to Rs 3.13 crore
Dollar steady at August high on US rates view, election (22-10-2024)
The U.S. dollar remains strong, supported by rising Treasury yields and Fed rate cut expectations, amid a tight upcoming election. Analysts predict 25 basis points rate cuts in November and December. Trump’s potential win adds uncertainty, while Japan’s election on Oct. 27 draws attention with optimism for the ruling LDP and coalition partners.
Fed needs to continue to cut rates, Daly says (22-10-2024)
San Francisco Fed President Mary Daly affirmed that the U.S. central bank is expected to persist in cutting interest rates, currently at 4.75%-5%, aiming for a ‘soft landing’ with 2% inflation and a healthy labor market. She emphasized the importance of easing the policy rate to avoid excessive tightness that could harm employment.
The Lalit likely to file for IPO in FY26, eyes Rs 1,800 crore (22-10-2024)
The IPO size may be between ₹1,500 crore and ₹1,800 crore, though the final decision is still some time away and will depend on several factors, including the market situation, said another person aware of the New Delhi-based hotel chain’s plans.
Four Fed policymakers favor more rate cuts, but differ on pace (22-10-2024)
Four Federal Reserve policymakers express support for interest-rate cuts but differ on speed and extent. Three prefer gradual reductions, citing economic strength and uncertainty, while San Francisco Fed President Mary Daly favors continued cuts given falling inflation. The Fed’s decision is expected at the November policy meeting.
Stock Market LIVE Updates: Sensex gains 150 pts, at 81,300; Nifty at 24,800; IT, FMCG indices climb (22-10-2024)
Stock Market Today: Benchmark India equity indices were likely headed for a flat start with a slightly positive bias as indicated by GIFT Nifty futures at 7:10 AM