Fri, Nov 15, 2024 3:17 PM
Glenmark Pharmaceuticals PAT at Rs 354 crore in September quarter
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Dev Information Technology Ltd has seen Mauritius-based Foreign Portfolio investor Saint Capital Fund buying stake in it . The FPI stake was reflected in the shareholding data at the end of September quarter. The data showed Saint Capital Fund owning 250000 shares in Dev Information Technology . The same represents Saint Capital Fund owning 1.11% of the stake in Dev Information Technology.
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Mexico delivered a third straight interest rate cut as a key measure of underlying inflation retreats and concerns mount over the slowdown in Latin America’s No. 2 economy. Banxico, as the central bank is known, reduced borrowing costs by a quarter-point to 10.25% in a unanimous decision on Thursday. The move was forecast by 25 of 27 economists surveyed by Bloomberg.
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Traders pared back their expectations for an interest-rate cut in December and policy-sensitive US yields jumped after Federal Reserve Chair Jerome Powell said economic resilience gives officials room to ease more carefully. The yield on two-year Treasuries rose as much as eight basis points to 4.36% on Thursday as Powell spoke from prepared remarks in Dallas.
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