Laurus Labs reported a 19% year-on-year jump in net profit to Rs 279 crore for the March quarter, with revenue rising 5% to Rs 1,812 crore. Full-year net profit surged 148% to Rs 889 crore, driven by strong growth in its CDMO and Generics divisions. The company also announced an interim dividend of Rs 1.20 per share.
Fed officials give hints on rate decision as markets cut October rate hike odds
Fed officials tempered expectations for an October rate hike after Philip Jefferson and John Williams stressed patience and data dependence. Markets sharply reduced hike odds,