Extending their bullish trend for the fourth consecutive trading session, shares of Sarveshwar Foods, an emerging player in the agri-food sector based in Jammu, surged another 10% in today’s intraday trade, reaching ₹11.70 per share. This latest increase has propelled the stock to a cumulative gain of 37% over the past four sessions and a remarkable 114% year-to-date.
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Australian consumers turned gloomy and business confidence sank in a combination that highlighted increasing concern about the job market as the economy labors under elevated interest rates. Concern about the employment outlook was a major reason why a separate Westpac Banking Corp. survey on Tuesday showed consumer confidence slipped 0.5% in September.
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Operations at Samsung Electronics’ plant in southern India were disrupted for a second day on Tuesday by hundreds of employees striking for higher wages, in a rare episode of labour unrest for the South Korean company. The strike at India’s biggest consumer goods company comes ahead of the festive season, when sales of electronics items boom, bought by consumers as gifts or for personal use.
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