United States consumer spending up a modest 0.6% with inflation high
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At the same time, a key inflation barometer that#39;s closely followed by the Federal Reserve surged 4.4 percent last month from a year earlier â the fastest such increase in three decades
Expected cuts to Treasury auctions may be #39;calm before the storm#39;
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The move, which is well anticipated on Wall Street, will likely total an $800 billion cut in nominal auction sizes in the 2022 fiscal year compared with the 2021 fiscal year, according to estimates from NatWest
Escorts Q2 net profit declines 24% to Rs 173 crore
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In the latest second quarter, Escorts said its tractor sales were at 21,073 units as against 24,441 units in the corresponding period last fiscal, down 14 per cent.
Indians#39; belief in country#39;s economic future has diminished, says Raghuram Rajan
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#39;In recent years we have gotten a little less confident. Our belief in economic future has diminished...the pandemic toll has further diminished our self-belief or #39;atma vishwas#39; even further while pushing many in the middle-class into poverty,#39; R
Move over Apple, Microsoft now the world#39;s most valuable company
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Microsoft#39;s stock has surged more than 45% this year, with pandemic-induced demand for its cloud-based services driving sales. Shares of Apple have climbed 15% so far this year.
Oberoi Realty Q2 profit surges 94% to Rs 266.59 crore
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The total income rose to Rs 768.52 crore in the second quarter from Rs 325.28 crore in the corresponding period of the previous year, according to a regulatory filing.
Dollar rises with Treasury yields, as euro losses deepen
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Volatility in the foreign exchange and the interest rate markets has increased during the week as they tried to digest central bank actions and economic reports.
Janet Yellen says White House spending plans won#39;t fuel inflation
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Yellen said the cost of the plans would be fully offset by higher levies on the wealthy and corporations as well as better tax enforcement, and argued they will help families by lowering costs for health and child care.
BPCL Q2 net profit up 24% to Rs 3,200.9 crore on lower base; revenue jump to Rs 1.02 lakh crore
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The company did not give reasons for the rise in profits but industry sources said refiners made higher margins as they bought crude oil at a price but by the time they could ship and process it, benchmark fuel rates had gone up.
Stocks edge lower on Wall Street, pulled down by Big Tech
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The benchmark SP 500 had more gainers than losers, but big technology stocks were falling and weighing down the broader market. A mix of companies that rely on direct consumer spending also fell and offset gains elsewhere.
High lithium costs start to feed into prices of China EV batteries: Report
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Widespread power shortages in China leading to reduced supplies and robust demand have created shortages of nickel sulphate and pushed up prices of the battery chemical.
Natural gas futures ease on muted global trend; technicals stay positive
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The commodity has been trading higher than 20, 50, 100, and 200-day simple and exponential moving averages but lower than the 5-day SMA and EMA on the daily chart.
IndusInd Bank raises Rs 2,800 crore debt capital via bonds
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The Finance Committee of the board of the bank in its meeting approved allotment of 2,800 rated, listed, non-convertible, subordinated and unsecured Basel III compliant bonds in the nature of debentures towards non-equity regulatory tier 2 capital (T2 bonds)
DLF cuts net debt by 16% in September quarter to Rs 3,985 crore
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According to an investors presentation, DLFâs net debt has come down to Rs 3,985 crore as on September 30, 2021 from Rs 4,745 crore at the end of June quarter of this fiscal year.
Inside Ola#39;s plan to crack the food and grocery delivery market, again Â
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Ahead of its $2 billion IPO, Ola is set to wade into the hyper-local and ultra-competitive grocery delivery space once again. Having burnt its fingers in the past, will it be second time lucky for the ride hailing platform? Moneycontrol examines whatâs a
SC allows new board of Unitech to appoint PMCs for completion of stalled projects
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A bench of Justices DY Chandrachud and M R Shah said that the new board of management can proceed ahead with the appointment of PMCs for completion of the stalled projects.
Exclusive: Maruti plans new plant after 15 years; sets aside Rs 2,200 cr for FY22 capexÂ
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The investment is part of Marutiâs 10-year, Rs 18,000 crore investment plan, which envisages annual capacity creation of 1 million units. This new plant will come up in Haryana, home to Maruti Suzuki since its birth in 1983
While the stock of Easy Trip Planners commands a premium to its global peers despite its small size, we expect a good momentum as travel picks up and the company capitalises on this efficient execution model.
Hertz says it may expand supply of Teslas to Uber to 150,000
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Hertz earlier this week said it would order 100,000 Tesla vehicles by the end of 2022, half of which would be offered exclusively as a rental option for Uber drivers by 2023.
Coal India has stepped up coal supply to meet increased demand of power sector: Pralhad Joshi
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During his visit to Talcher coalfields, Joshi inspected mining operations at Balram open cast project in Hingula area and coal dispatch operations through railway sidings.
Motilal Oswal logs best-ever quarterly net profit at Rs 536 crore
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Speaking on the performance, Oswal said all the businesses delivered strong and sustainable performance delivering highest-ever quarterly and half-yearly revenue and profit.
