RailTel shares: EBITDA for the fourth quarter came in at ₹180 crore, marking a 53.8% increase from ₹117 crore in the same period last year. Despite the growth in earnings, the EBITDA margin slipped by 27 basis points to 13.73%, down from 14% a year earlier.
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.