News Overview

On 30 May 2022

On 30 May 2022

The US dollar is holding around 102 mark, witnessing some buying after testing one month low earlier in the week as markets yet again focused on the US interest rates trajectory. The minutes of the last US monetary policy meeting have indicated that most participants judged that 50 basis point increases in the target range would likely be appropriate at the next couple of meetings. […]

Federal Reserve members want interest rate to be taken up to neutral level

An integrated, output-based, and future-proofed global IT operating model will drive innovation and IT excellence by improving agility, efficiency and scalability.

On 30 May 2022

Consolidated Total revenue from operations for Q4FY22 was reported at Rs1,707 crore, down by 4.1% yoy against Q4FY21.

HEG surged 5.23% to Rs 1068 after the companys consolidated net profit rose 13.91% to Rs 129.27 crore on 12.68% rise in net sales to Rs 673.06 crore in Q4 March 2022 over Q3 December 2021.

For FY22, revenues increased to Rs1,666 crore, up by 55% yoy against Rs1,075 crore in FY21, reflecting a sharper growth from a significantly covid impacted last year.

The Bank of Korea lifted its key interest rate by a quarter point for the second straight meeting to tackle high inflation. The Monetary Policy Board decided to lift the Base Rate by 25 basis points to 1.75 percent from 1.50 percent. The economy is forecast to grow 2.7 percent this year, somewhat below the February forecast of 3.0 percent. The bank raised its inflation […]