Shakti Pumps saw revenue climb significantly. However, costs rose sharply, impacting profits. Earnings per share dropped considerably. Despite this, the board proposed a dividend. The company’s stock has fallen over the past year. Institutional investors have reduced their holdings, indicating a cautious market sentiment.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend