The Reserve Bank of India’s slower interest rate increase of 50 basis points compared with the US Federal Reserve’s 75 basis points was guided by the inflation target and actual inflation as well as the need to nurture the economic recovery. A basis point is 0.01 percentage point.
Info Edge shares drops 4% despite 22% YoY jump in Q4 net profit; revenue up 16%
Info Edge shares saw a dip on Monday even as the company announced strong financial results. Net profit for the March quarter rose 22 percent