A report released by the Federal Reserve Bank of Philadelphia showed regional manufacturing activity unexpectedly contracted at a faster rate in the month of July. The Philly Fed said its current general activity index slumped to a negative 12.3 in July from a negative 3.3 in June, with a negative reading indicating a contraction in regional manufacturing activity. While a majority of firms reported no […]
Sales rise 52.70% to Rs 1878.11 crore
Suggesting U.S. economic growth is likely to slow further in the near-term, the Conference Board released a report showing its index of leading economic indicators decreased for the fourth straight month in June. Leading economic index slumped by 0.8 percent in June after falling by a revised 0.6 percent in May. With the continued decrease, the leading economic index tumbled by 1.8 percent in the […]
Total sales rose 68% YoY to Rs3,115 crore during the quarter from Rs1,860 crore in the first quarter of FY22.
Oil resumes upside momentum as supply concerns loom even though worries of slowing demand from US will keep a lid on gains. Crude fell by nearly 3% in the previous session amid signs of softening US demand after data showed that U.S. gasoline demand had dropped nearly 8% from a year earlier in the midst of the peak summer driving season. Meanwhile, the European Central […]
According to a statement from the company, the top line increased by 6% to Rs795 crore in the first quarter of this fiscal year due to strong growth in retail allied and distribution income.
Sales rise 25.16% to Rs 1829.40 crore
The US Labor Department released a report unexpectedly showing another modest increase in first-time claims for U.S. unemployment benefits in the week ended July 16th. The report showed initial jobless claims crept up to 251,000, an increase of 7,000 from the previous weeks unrevised level of 244,000. Jobless claims inched higher for the third straight week, reaching their highest level since hitting 265,000 in the […]
Company now planning to raise $200 million through private placement, and at lower valuation
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