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The company reported consolidated net profit of Rs 151 crore in Q4 March 2022 compared with net loss of Rs 510 crore in Q4 March 2021.

Gold saw some buying as the US dollar approached near one month lows. However, overall mood remains dull for the commodity.The latest US Fed minutes showed that Fed officials expect the US economy to rebound from a first-quarter contraction, as both business and household spending remained strong, and the job market remained robust. This pulled down Gold sharply and the metal lost around 20 dollars, […]

Sales rise 36.45% to Rs 25645.70 crore

Muthoot Finance tumbled 5.30% to Rs 1077 after the company reported 2.2% fall in consolidated net profit to Rs 997.03 crore on a 2.5% decline in total income to Rs 3041.14 crore in Q4 FY22 over Q4 FY21.

Chinas industrial profits declined in April as lock-downs disrupted production and higher raw material prices squeezed margins, data from the National Bureau of Statistics showed. In April, industrial profits decreased 8.5 percent from the previous year. This was the biggest fall since early 2020. During January to April, industrial profits expanded 3.5 percent, slower than the 8.5 percent increase posted in the first quarter. Data […]

CRISIL has assigned a short-term rating worth Rs250 crore to Commercial Paper.

Healthy performance on profitability likely in the quarter

WTI Crude oil futures eased a bit in Asia after approaching near two month high. The commodity extended gains above $110 per barrel this week amid sustained hopes of good demand in the US driving season. Rising US Crude oil imports and tight gasoline inventories are keeping the sentiments well supported. The EIA reported yesterday that US crude oil imports averaged 6.5 million barrels per […]

Sales rise 34.81% to Rs 190.54 crore

Banco Products (India) Ltd, INEOS Styrolution India Ltd, Antony Waste Handling Cell Ltd and Gallantt Ispat Ltd are among the other gainers in the BSEs B group today, 27 May 2022.