Thu, Oct 31, 2024 9:57 AM
Expectations of strong US gasoline demand lead to an increase in oil prices
A Flip by Avya Verma
Tata Steel outperformed expectations in its second-quarter results for FY24, reporting a net profit of ₹758 crore, sharply above the CNBC-TV18 poll estimate of ₹210 crore. This marks a strong comeback from a loss of ₹6,511 crore in the same quarter last year. Revenue stood at ₹53,904.7 crore, slightly exceeding the forecasted ₹53,425 crore but reflecting a 3.2% year-on-year.
Open Flip
Commodities from oil and gas to metals and grains dropped on Wednesday as the dollar rallied and victory for Republican Donald Trump in the US presidential election stoked concerns about tariffs and economic growth. Trump recaptured the White House by securing more than the 270 Electoral College votes needed to win the presidency, following a campaign of dark rhetoric.
Open Flip
Skoda Auto CEO Klaus Zellmer announced India as the company's most promising growth market and future export hub, citing its huge domestic potential as the world's third-largest car market. The company launched its new sub-four meter SUV, Kylaq, priced at Rs 7.89 lakh, aiming to sell 10,000 cars annually by 2026.
Open Flip
