Birla Corporation witnessed a robust financial performance, with its March-ended quarter net profit soaring 15% year-on-year to Rs 295 crore. Revenue saw a modest 0.8% increase to Rs 2,836 crore. The company also recommended a dividend of Rs 12.50 per share. Full-year profit surged 89% to Rs 558 crore, with a notable reduction in its debt-to-equity ratio.
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