Netweb Technologies shares jumped over 15% to a fresh 52-week high. This rally follows a ratings upgrade by CRISIL Ratings Limited. The company’s long-term rating moved to Crisil A+ Stable. CRISIL expects sustained revenue growth and steady operating margins. Efficient working capital management is also a positive factor. Netweb Technologies offers computing solutions with integrated design and manufacturing.
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