Thu, May 12, 2022 12:47 PM
Kewal Kiran Clothing consolidated net profit zooms 186.34% in Q4
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Federal Reserve Governor Michelle Bowman said inflation will likely remain elevated for some time, but added she still anticipates price gains will eventually cool with interest rates held at current levels.Bowman, the first Fed official to speak since Chair Jerome Powell's remarks Wednesday, said recent inflation data suggest the low readings seen at the end appear to have been temporary.
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Genus Power Infrastructures Limited has officially announced the incorporation of its wholly-owned subsidiary, "GENUS ALFA SMART METERING PRIVATE LIMITED," as of May 1, 2024. The subsidiary's particulars include an authorized capital of Rs 1,00,000 and a subscribed capital of the same amount. It is considered a Related Party and functions as a wholly-owned subsidiary of Genus Power Infrastructures
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The number of smallcaps offering double-digit returns fell this week due to a broad-based correction in the domestic market. This was on the back of a cautious Fed, which kept the key rates unchanged, highlighting the concerns around inflation. During the week, only 29 smallcap stocks gained in double-digits with Newgen Software Tech being the top gainer from the pack, offering 27% returns.
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