Cong, confusion

Posted on   12:44 pm

After Congress veteran, AK Antony’s son Anil Antony joined the Bharatiya Janata Party (BJP), Kerala Leader of the Opposition VD Satheesan on Thursday said that nothing will happen to Congress.This comes after Congress veteran AK Antony’s son Anil Antony joined BJP

LG Electronics’ Q1 profit down 23% on sluggish demand

Posted on   12:42 pm

 LG Electronics on Friday said its operating profit for the January-March period likely declined 23 per cent from a year earlier amid the on-going macroeconomic woes that dampened consumer demand. The South Korean tech company estimated its first-quarter operating profit at 1.49 trillion won ($1.1 billion), down 22.9

‘RBI growth estimate too optimistic, will pivot to rate cuts in October’

Posted on   12:38 pm

Japanese brokerage Nomura on Friday said Reserve Bank’s 6.5 per cent real GDP growth estimate for FY24 is “too optimistic”, and the central bank will pivot to rate cuts from October. The brokerage said it agrees with the Reserve Bank’s projections on price rise, and said that the worst of headline inflation is behind us.