Fri, Jan 26, 2024 8:36 PM
China Evergrande's unit to sell entire stake in asset to cut debt
A Flip by Avya Verma
AP Photo/Jason DeCrowUS stocks surged on Monday amid solid first-quarter earnings reports and renewed hopes of interest rate cuts. Rate cut wagers grew following Friday's lighter-than-expected April jobs report.The futures market is now pricing in at least two interest rate cuts by the end of the year.US stocks surged on Monday, extending gains from Friday and marking the best three-day rally.
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Rekha Rakesh Jhunjhunwala holds a significant portion in the company, amounting to 8.04 per cent, with the current valuation of the holdings estimated at around Rs 473 crore. Va Tech Wabag is engaged in the business of the water treatment field. Its principal activities include the design, supply, installation, construction, and operational management of drinking water, wastewater treatment.
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Shares of Muthoot Microfin’s were falling on Tuesday despite the small lender posting growth in net profit during the fourth quarter. What Happened: Muthoot Microfin’s financial performance for the quarter ended March 31 showcased remarkable growth, with net profit reaching ₹120 crore, marking a 27% increase compared to the previous year.
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