Revenue from operations in the reporting second quarter jumped 19% year-on-year (YoY) to Rs 4,800 crore, compared with Rs 4,038 crore in the year-ago quarter. Operating profit or EBITDA for the quarter jumped 64% YoY to Rs 886 crore. The total sales volume increased 10% year-on-year to 8.2 million tonnes in the July-September period.
Fed’s Hammack would prefer tighter policy given too high inflation
Cleveland Fed President Beth Hammack believes monetary policy should be tighter. She feels current interest rates are around neutral. Hammack would prefer a more restrictive