Godrej Agrovet Ltd. reported better than expected results driven by higher than anticipated margins in animal feed (@7.1% versus our estimate of 4.9%) and crop protection (@20.3% versus our estimate of 18.6%) segment.
Vedanta Ltd Q4 Outlook – Apt Play On Rising Commodity Prices
Vedanta Ltd. reported in-line Ebitda of Rs 90.4 billion (our estimate: Rs 93.6 billion), up 17% QoQ, primarily due to higher Ebitda in aluminium, Zinc-India and iron ore and improved earnings in other business segments except power and copper.
Oil Erases Weekly Loss on Dollar Weakness, Broader Market Rally
Oil in New York extended gains to erase a weekly loss, garnering support from a recovery in equities and a softer dollar.
Bitcoin Fell Below $50,000 Before Bouncing Back—What’s Next?
Bitcoin prices experienced some notable volatility today, dropping below $50,000 following a highly visible tweet from Elon Musk and then recovering.
Gold Price Ready For Big Move; Gold Lower After Inflation Data
The gold futures contract lost 0.72% on Wednesday, as it retraced some of its Thursday’s-Friday’s rally. The gold price broke above a short-term consolidation along $1,800 price level last week.
Centre to Issue Sovereign Gold Bonds in 6 Tranches: Issue Price, Interest Rates
The Central government has started the process of borrowing with the launch of sovereign gold bonds in consultation with the Reserve Bank of India on Wednesday.
PMC Bank: Eighteen Months Later, RBI Works On Lone Option For Resolution
PMC Bank: Eighteen months after the Reserve Bank of India placed Punjab And Maharashtra Cooperative Bank Ltd (PMC Bank). under restrictions, the regulator’s options to resolve the insolvent lender have dwindled.