Wed, Apr 17, 2024 1:38 PM
Bulk deals: JSW veteran Prashant Jain picks stake in Coffee Day Enterprises
A Flip by Shubhangi Gupta
UltraTech Cement share price gained over 2% on Tuesday after the Aditya Birla Group’s flagship cement maker reported its Q4 results. UltraTech Cement shares rose as much as 2.38% to ₹10,200 apiece on the BSE.UltraTech Cement Q4 results were announced on Monday and the stock had ended 2.7% higher during the session. The country’s largest cement manufacturer reported strong earnings for January.
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The economic outlook for 2024 is taking an unexpected turn as economists at Macquarie have revised their predictions for interest rates, now suggesting a potential hike. In a recent note, Macquarie’s strategists indicated that the likelihood of a Federal Reserve interest rate cut in 2024 is minimal, with the possibility of an interest rate hike.
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Samsung Electronics Co., Ltd.SSNLF has declared its intention to mass-produce the pioneering 5th generation HBM3E chip in the second quarter. This follows a prosperous first quarter, during which the company invested $82.07 billion (KRW 11.3 trillion). Samsung’s first-quarter facility investment totaled KRW 11.3 trillion. Of this, semiconductors and displays accounted for KRW.
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