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Weak revenue growth, fall in profit likely on the cards

Australia Westpac-Melbourne Institute Index of Consumer Sentiment fell by 5.6% to 90.4 in May from 95.8 in April. The Index is now at its lowest level since August 2020 when households were unnerved by the second wave lock-down in Victoria. The weakness in this survey is not related to another pandemic shock but to the combination of rising cost of living pressures and the prospect […]

Oil and Gas stocks were trading with gains, with the S&P BSE Oil&Gas index rising 183.14 points or 0.99% at 18772.7 at 09:48 IST.

This acquisition is expected to provide a wide array of benefits under MSME category.The Board of Directors of MTAR Technologies Ltd have approved the acquisition of shares of Gee Pee Aerospace & Defence pvt. Ltd., an MSME Company for a consideration of Rs8.82 crore.

Mahanagar Gas (MGL) reported 38.1% fall in net profit to Rs 131.80 crore on a 51.4% increase in net revenue from operations to Rs 1,086.77 crore in Q4 FY22 over Q4 FY21.

Of Rs.2.50 per share

Wipro will enable Crédit Agricole CIB to embrace the latest cloud technologies and agile practices.

Utilties stocks were trading with gains, with the S&P BSE Utilities index rising 57.81 points or 1.51% at 3879.21 at 09:48 IST.

Of Rs.1 per share

Power stocks were trading with gains, with the S&P BSE Power index increasing 68.6 points or 1.52% at 4583.85 at 09:48 IST.