Fri, Apr 19, 2024 11:55 AM
Vodafone Idea FPO: Indus Towers likely to benefit from telco’s fundraising
A Flip by Riya Sharma
U.S. stock index futures advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed fears around potential rate hikes, with focus moving to a spate of earnings updates through the day.While Fed chair Jerome Powell indicated that stubbornly high inflation would see a long-expected U.S. rate cut pushed back, he refused to entertain talk that rates.
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GE Aerospace (NYSE: GE) had a terrific first quarter of 2024. Reporting as part of General Electric last week while also reporting breaking out its own results, the industrial airplane engine manufacturer grew its sales 15% year over year, operating profits 24%, and generated free cash flow (FCF) in excess of reported profits.Wall Street was enthusiastic about the results, and on Monday.
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Sharekhan's research report on UltraTech Cement. UltraTech Cement (UltraTech) reported strong standalone operational performance beat for Q4FY2024 driven by higher volumes and lower opex/tonne. Standalone revenues were up 9.4% y-o-y at Rs. 19,805.9 crore, led by 11% y-o-y growth in cement volumes while blended realisations were lower 2% y-o-y.
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