Thu, Feb 1, 2024 2:11 PM
Subsidy bill in FY25 Budget seen at Rs 3.81 lakh crore, down 8%
A Flip by Shubhangi Gupta
Chinese steel output recovered in October, snapping four months of declines, as sentiment brightens following Beijing’s efforts to rekindle economic growth. Healthier margins allowed steelmakers to churn out more metal on a monthly basis for the first time since May, with production rising to 81.88 million tons, an increase of 6.2% on September and 2.9% higher than last year.
Open Flip
Two of the world’s most prominent investors are signaling the days of across-the-board gains in Chinese stocks may be ending. David Tepper, the billionaire money manager who made waves with his call to buy “everything” related to Chinese stocks in September, trimmed his exposure to Alibaba Group Holding Ltd. and the iShares China Large-Cap exchange-traded fund in the third quarter.
Open Flip
Happiest Minds Technologies, a Bengaluru-based digital solutions provider, forecasts robust growth in the second half of the year, stemmed from its recent investments in generative AI. Managing director and CFO Venkatraman Narayanan expressed confidence in the upcoming quarters, citing an uptick in business volume and a robust pipeline.
Open Flip
