CLSA maintained a buy rating on GAIL India with a target price of Rs 135. The big beat witnessed in September quarter results was led by gas trading. Trading profit rose nearly 3x our estimate driving a 76% PAT beat.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation