Mon, May 2, 2022 10:36 AM
Welspun Corp secures worth Rs1,600 crore project from Soma Indus
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ACC Limited has demonstrated significant improvements across all financial metrics. In the latest quarter, the company achieved a revenue growth of 13 per cent, with Operating EBITDA soaring by 79 per cent. This remarkable performance is reflected in the EBITDA margin, which increased from 9.8 per cent to 15.5 per cent.
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U.S. stock futures were higher this morning, with the Nasdaq futures gaining over 150 points on Friday. Shares of Intel Corporation INTC shares fell sharply in today’s pre-market trading after the company reported worse-than-expected first-quarter sales results and issued EPS guidance below estimates. Quarterly sales came in at $12.72 billion, which missed the analyst consensus estimate.
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U.S. Treasury Sec, Janet Yellen, expressed confidence in the U.S. economy, predicting inflation to return to normal levels by 2024. She also discussed potential strategies to counter threats from China’s excess industrial capacity. In an interview on Thursday, Yellen stated that the U.S. economic growth might be stronger than the weaker-than-expected data on Q1 output suggests, Reuters reported.
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