At meeting held on 04 May 2022
The domestic equity benchmarks jumped in early trade amid positive global cues. US stocks rallied overnight after the US Federal Reserves latest policy decision was on expected lines, averting concerns of larger-than-expected hikes. The Nifty was trading above 16,800 mark. Barring the Nifty FMCG index, all the sectoral indices on the NSE edged higher. At 9:22 IST, the barometer index, S&P BSE Sensex was up […]
In an effort to return elevated inflation to its 2 percent objective, the Federal Reserve on Wednesday announced its widely expected decision to raise interest rates by half a percentage point. The Fed announced that it has decided to raise the target range for the federal funds rate by 50 basis points to 0.75 to 1.0 percent and said it anticipates that ongoing increases in […]
For the year, the India Packaged Beverages business recorded 6% growth in revenues, on an elevated base that saw 32% revenue growth last year.
The Board will consider to examine the status and decide on long term fund raising in single / multiple tranches up to US$ 2 Billion.
The off-cycle meet of MPC announcing hike in benchmark Repo rate by 40 bps and another 50 bps hike in CRR kept the broader markets on the tenterhooks, as the realization of siding with changing realms of inflation control gained currency, already palpable for sometime as economies from developed as well as emerging worlds have struggled to rein in the galloping price rises that hurt the masses, and probably classes alike
Agro Chemical operations contributed 70% of the total revenue.

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