India's central bank Governor Shaktikanta Das says an interest rate cut would be "very premature" and risky, citing "significant risks" to the inflation outlook, despite expectations of moderation. The Reserve Bank of India has kept rates unchanged for almost two years, and the timing of easing remains uncertain.
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FMCG giant Tata Consumer Products Ltd (TCPL) on Friday (October 18) reported a flat net profit of ₹359.3 crore for the second quarter of September 30, 2024. The CNBC-TV18 poll had predicted a profit of ₹337.3 crore for the quarter under review. The company's revenue from operations increased 13% to ₹4,214.5 crore as against ₹3,733 crore in the corresponding period of the preceding fiscal.
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Hyundai India is set to list on the National Stock Exchange on October 22, with a grand ceremony attended by top global leadership, dealers, suppliers, and analysts, showcasing its premium electric vehicle Ioniq5, following a fully-subscribed IPO that saw interest from top mutual funds and sovereign wealth funds.
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