Asian Paints is likely to report a nearly 35% YoY growth in consolidated net profit, reaching INR 1,371.30 crore ($184 million), and nearly 10% YoY growth in revenue, reaching INR 9,408 crore ($1.26 billion) for the June quarter. Analysts predict that volume growth in decorative paints and easing raw material prices
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.