Fri, Nov 8, 2024 4:06 PM
Motilal Oswal upgrades Page Industries stock to 'buy' after Q2 results
A Flip by Shubhangi Gupta
Chile’s consumer prices rose more than expected in October as electricity costs jumped by double digits, damping the outlook for interest rate cuts even as growth stalls. Prices rose 1% in the month, above all forecasts in a Bloomberg survey of analysts that had a 0.6% median estimate, and the fastest pace since March of last year. Annual inflation sped up to 4.7%.
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China’s bond traders, who had been anticipating a key legislative meeting this week for fresh stimulus measures, seemed underwhelmed by the result. The benchmark 10-year yield slid to lowest in more than a month before paring declines after authorities announced a 10 trillion yuan ($1.4 trillion) program to refinance local government debt.
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Consumer durables maker Whirlpool of India Ltd on Friday (November 8) reported a 25.4% year-on-year (YoY) decline in net profit at ₹287 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Whirlpool of India posted a net profit of ₹384.7 crore, the company said in a regulatory filing.
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