Global markets opened cautiously as geopolitical tensions escalated, boosting demand for safe-haven assets like the U.S. dollar and Treasury bonds. Oil prices experienced a ‘shock trade’ due to uncertainty surrounding the Strait of Hormuz, a critical energy chokepoint. India and China face significant challenges, potentially impacting their trade and economic stability.
Raymond Q2 Results: Net profit jumps 130% YoY to Rs 32 crore, revenue rises 24%
Raymond reported a 130% year-on-year jump in consolidated net profit to Rs 32 crore in Q2 FY27, while revenue rose 24.1% to Rs 655 crore.