14:26 (IST) 8 Nov 2023
Alkem Labs soars on Q2 results
Alkem Laboratories
12:11 (IST) 8 Nov 2023
US Dollar rises ahead of Fed Speech
The dollar regained its footing on Wednesday and inched higher after a slew of Federal Reserve speakers left the door open to further rate hikes, as traders looked to a speech from Chair Jerome Powell on the central bank’s future policy path, reported Reuters. The greenback, which tumbled last week in the wake of the Fed’s decision to hold its policy rate steady and on data pointing to a cooling US labour market, has found a floor as markets remain at odds over whether a peak in US rates has been reached and how soon the Fed could begin easing monetary conditions.
11:03 (IST) 8 Nov 2023
Cummins India gains on Q2 results
The stock price of Cummins India gained 1.48% to Rs 1,724 after the company posted its second quarter profit for the financial year 2023-24 at Rs 329.09 crore, up 23.1% in comparison to Rs 267.31 crore during the second quarter of FY23. It posted revenue from operations at Rs 1921.55 crore, down 1.7% as against Rs 1955.28 crore during the quarter ended September 2022.
Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
