Piramal Enterprises reported a 52% rise in consolidated Q1 net profit to Rs 276 crore, driven by lower credit costs and a 37% surge in retail loan AUM. While standalone profit dropped, the company’s retail focus and improving margins signal positive momentum ahead.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.