Sat, Apr 27, 2024 11:05 AM
TCS vs HCL Tech vs Wipro vs Infosys: Which stock to buy after Q4 results
A Flip by Riya Sharma
India's Tata Power reported a jump in fourth-quarter profit on Wednesday, helped by strong energy demand amid heatwaves and growing economic activity in the country. The company reported a consolidated net profit of ₹895 crore ($107.2 million), up around 15% from last year. Analysts had said energy firms such as Tata Power, NTPC and Power Grid would likely announce consistent Q4 earnings.
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European crypto exchange Bitpanda expanded its partnership with the Vienna-based unit of Austrian lender Raiffeisen to offer crypto to customers at 55 bank branches across the country, the firms said on Wednesday. Earlier this week, Bitpanda said it was opening a Dubai office, making UAE the choice of its first expansion outside of Europe.
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Surging rents across many developed economies are proving to be a stubborn hurdle for central banks as they struggle to nail down inflation once and for all this tightening cycle. In the US, UK, Canada and Australia, rapidly rising housing costs — which have a hefty weighting in consumer price index baskets — are preventing inflation from declining closer to central banks’ targeted levels.
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