News Overview

Management indicated that clients continue to prioritise large-scale transformation projects, limiting discretionary spending. ACN expects FY24 Adj. Ebit margin to be 15.5% (was 15.5-15.7%).

Fed’s dot plot still shows three rate cuts, totaling to 75bps in 2024; although the timing of cuts remains uncertain. Indian 10yr yields are still lower at 7.1%. DXY is higher at 104, as compared to the recent lows of 101; but still lower than the Oct peak of 108 levels. INR appreciated by 0.2%, Yuan remained flat, and EM FX basket depreciated by 0.9% respectively in Feb.

JioCinema also had a resurgence in the luxury mobile device segment, with companies like Google Pixel, Apple, Motorola, etc.

A bi-facial solar system consists of a solar panel that collects sunlight from both surfaces and generates power on both sides.

The Board authorised a change to the capital clause of the company's Memorandum of Association due to a stock split.

Petrol and Diesel prices in cities across India on 22-03-2024

The U.S. Federal Reserve chose to keep its funds rate unchanged this week and maintained its projections for three rate cuts by the end of the year. However, it emphasized the need for more confidence in sustainable inflation before taking action.

The U.S. central bank opted to keep rates unchanged on Wednesday, but policymakers signalled their expectation of reducing them by three-quarters of a percentage point by the end of 2024, despite recent high inflation readings.

Gensol Engineering detailed its comprehensive role, encompassing the entire project lifecycle—from land acquisition procedures to meticulous design, engineering, procurement, and logistical aspects.

The contract, valued at more than ₹99 Crore, mandates RailTel to supply student kits (teaching learning material) for Classes VI to XII under the Bihar Education Project Council.