BPCL reported a 28% YoY jump in Q4 consolidated PAT to Rs 5,625 crore, with revenue rising 6.3%. Full-year net profit surged 94% to Rs 25,843 crore. The company recognized a Rs 4,349 crore impairment loss on its BPRL investment and reduced its debt-to-equity ratio.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend