News Overview

A preliminary Reuters survey of analysts indicates an expected growth in U.S. crude oil stocks last week, while stockpiles of refined products are likely to have decreased.

Last week, officials, such as US Federal Reserve Chair Jerome Powell, retreated from offering any forecast for the timing of interest rate reductions, stating instead that monetary policy must remain tight for an extended period of time. Having non-yielding gold becomes less appealing when interest rates rise.

Petrol and Diesel prices in cities across India on 23-04-2024

Driven by solid operating performance, the dairy company posted a tremendous 109% on-year gain in net profit of ₹52.2 Crore for the March FY24 quarter. Comparing the quarter's revenue from operations to the same time in the previous fiscal year, it increased by 14.4% to ₹2,047 Crore.

Proceeds from the net fresh issue, amounting to ₹262.69 Crore, will primarily be allocated towards meeting the company's working capital requirements, with the remainder designated for general corporate purposes.

Early trading in Asian markets on Tuesday witnessed positive momentum, with the Strait Times index rising nearly 1%, while the Nikkei and Kospi showed marginal gains. Wall Street wrapped up Monday's trading on a positive note, rebounding from previous sessions' downturns. Investor focus shifted towards a busy week of quarterly earnings reports from key companies, providing insights into the state of the US economy.

The equity share price offered by the company is between ₹10-11, which is less than the current market price of ₹12.22 on the BSE.

The Derma Co offers a range of active ingredient-based skincare products tailored for Indian skin, addressing concerns like acne, sun care, pigmentation, and more.

Sequentially, the company's profit after tax (PAT) increased by 11% to ₹541.09 Crore from ₹487.92 Crore in Q3FY2024, while revenue grew by 3.60%.

The platform fee is a fixed charge applied to every order, separate from the delivery fee, and remains applicable to Zomato Gold members despite their benefits.