The Reserve Bank of India’s slower interest rate increase of 50 basis points compared with the US Federal Reserve’s 75 basis points was guided by the inflation target and actual inflation as well as the need to nurture the economic recovery. A basis point is 0.01 percentage point.
Laurus Labs Q4 Results: Cons PAT increased 19% to Rs 279 crore, revenue rises 5%
Laurus Labs reported a 19% year-on-year jump in net profit to Rs 279 crore for the March quarter, with revenue rising 5% to Rs 1,812