Germany January IFO business climate index came in at 95.7 against the initial previous reading of 94.7. This reaffirmed better business conditions in the country. The outlook also improved markedly and that highlights optimism towards the impact of omicron on economic developments in the months ahead. Powered by Commodity Insights
Japan share market finished session lower on Tuesday, 25 January 2022, amid concerns about inflation-fighting measures from the Federal Reserve and fretted over possible conflict between Russia and Ukraine. The Fed is scheduled to begin a two-day meeting on later on Tuesday, with the latest monetary policy decision due on Wednesday. While the Fed is likely to leave interest rates unchanged, the accompanying statement could […]
"The value of this order is Rs111.54 million and we are quite optimistic about similar projects to come on a PAN India basis", said the company.
Bank Nifty outperformed the Nifty index by ~1.4% with both the indices closing in the green with a ~2.2%/0.8% gain.
The company stated that in spite of company’s efforts towards cost reduction on the back of lower sales volume, elevated commodity prices, and lower non-operating income on account of mark-to-market impact, the company’s profits suffered.

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