JPMorgan's Dimon hopes for soft landing for US economy but says stagflation possible scenario

JPMorgan's Dimon hopes for soft landing for US economy but says stagflation possible scenario

Sunday, 28 April 2024 | AP | New York

JPMorgan Chase CEO Jamie Dimon says he's hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn't rule out more troubling possibilities, such as stagflation. In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained “cautious” about the...

Mahindra Lifespace FY24 profit falls marginally to Rs 98 cr; sale bookings at record Rs 2,328 cr

Mahindra Lifespace FY24 profit falls marginally to Rs 98 cr; sale bookings at record Rs 2,328 cr

Saturday, 27 April 2024 | PTI | New Delhi

Mahindra Lifespace Developers Ltd has reported a marginal decline in consolidated net profit to Rs 97.89 crore during the last fiscal year on lower income. Its net profit stood at Rs 101.43 crore in the preceding year. According to a regulatory filing on Friday, the company's total income fell to Rs 279.12...

At least USD 12 trillion needed for tripling renewable energy capacity by 2030: COP28

At least USD 12 trillion needed for tripling renewable energy capacity by 2030: COP28

Saturday, 27 April 2024 | PTI | New Delhi

At least USD 12 trillion is required to create new infrastructure over the next six years for tripling global renewable energy capacity by 2030, COP28 President Sultan Al Jaber said on Friday. Addressing the annual Petersberg Climate Dialogue, Al Jaber said the energy transition will not happen without significant investment and...

Olectra Greentech bags order for 8,232 electric vehicles during FY 23-24

Saturday, 27 April 2024 | PNS | New Delhi

Leading electric vehicles manufacturer Olectra Greentech Limited (OGL), announced its Q4 and full year consolidated financial results ending March 31, 2024.  The Board of Directors, in its meeting held today, officially approved these remarkable achievements. Company has received total orders of 8,232 electric vehicles during FY 23-24 including 3,000 buses repeated...

Seminar on American Pecans organised

Saturday, 27 April 2024 | PNS | New Delhi

With a view to educate and create awareness about the technical aspects of American Pecans, New Mexican Department of Agriculture (NMDA) conducted an engaging seminar on the benefits of American Pecans today in New Delhi. This move is a concerted effort from NMDA to popularise American Pecans in the light of...

Five star petal ceiling fan launched

Saturday, 27 April 2024 | PNS | New Delhi

Surya Roshni’s Consumer Durable Division takes pride in announcing the launch of another 5 Star Petal Ceiling Fan. With a commitment to delivering superior cooling solutions for homes and offices nationwide, Surya upholds its legacy of quality, excellence, and environmental responsibility. The 5 Star Petal Fan sets a new benchmark in...

Markets snap five days rally; Sensex tumbles over 600 points

Saturday, 27 April 2024 | PTI | Mumbai

Market benchmarks Sensex and Nifty wilted under selling pressure on Friday after a five-day rally as investors pared exposure to banking, financial and consumer durable stocks amid mixed trends in global markets. Rising global crude prices, a depreciating rupee and persistent foreign fund outflows further weighed on sentiment, traders said. Profit-taking also...

Rupee falls 7 paise to settle at 83.35 against US dollar

Saturday, 27 April 2024 | PTI | Mumbai

The rupee declined 7 paise to close at 83.35 (provisional) against the US dollar on Friday as a strengthening American currency overseas and a selloff in domestic equities weighed on the local unit. Besides, rising crude prices in the international market and risk-averse sentiment dragged the local unit down, forex traders...

Sunday Edition

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Cherry Blossoms, Cheer and Camaraderie

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05 May 2024 | Bharat Bhushan Padmadeo | Agenda