Rail Vikas Nigam Limited (RVNL) shares dipped 3% after reporting a 43% year-on-year decline in standalone net profit to Rs 212 crore for the March quarter. Despite a 5% revenue increase to Rs 6,648 crore, expenses rose significantly, impacting profitability. Full-year profit also saw a 33% drop.
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