Thu, Feb 1, 2024 12:49 PM
FMCG stocks gain on measures to boost rural sector in Budget 2024
A Flip by Shubhangi Gupta
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.
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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.
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JK Lakshmi Cement has reported net consolidated loss after tax of Rs 19.24 crore in the quarter ended September 30, 2024. It had registered profit after tax of Rs 95.87 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at Rs 1,242.67 crore in Q2 FY25, a dip of 21.77 per cent from Rs 1,588.51 cr.
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