Monday, September 14
U.S. Vice President JD Vance said his country has no plan to recognise a Palestinian state, an issue he plans to discuss with British foreign minister David Lammy in a meeting on Friday. "We have no plans to recognize a Palestinian state. I don't know what it would mean to really recognize a Palestinian state given the lack of a functional government there," Vance told reporters. He added that President Donald Trump "has been very clear about his goals, about what he wants to accomplish in the Middle East, and he's going to keep on doing that." Vance is meeting Lammy at Chevening House, the country residence in southern England used by the foreign minister, at the start of a trip to Britain with his family.
Mumbai: Investors may have to change tack in fixed income investing. With the Reserve Bank of India holding interest rates steady and having already frontloaded 100 basis points of cuts, money managers and investment advisors said the focus should now shift from duration plays such as long-term and gilt funds to accrual strategies-debt schemes that earn through steady interest income."Investors have benefited from capital appreciation as yields have fallen and spreads on 10-year and 30-year bonds compressed sharply," says Devang Shah, head, fixed income at Axis Mutual Fund. Shah said while interest rates are likely to remain lower for an extended period, the structural rally in long bonds appears to have played out.Investors holding long-term and gilt funds could book profits after earning
Shares of PG Electroplast ended with 23% cuts on Friday after the company reported a 20% year-on-year decline in its Q1 consolidated net profit at Rs 67 crore. The decline was even sharper on a sequential basis, plunging 54%.The company had reported a profit after tax (PAT) of Rs 84 crore in Q1FY25 and Rs 145 crore in Q4FY25 and the numbers are attributable to the owners of the company.The company's revenue from operations increased 14% to 1,504 crore in the quarter under review while falling 21% on a sequential basis. The topline stood at Rs 1,321 crore in Q1FY25 and Rs 1,910 crore in Q4FY25.The Electronic Manufacturing Services (EMS) and plastic molding company attributed the PAT decline to the early arrival of the monsoon which impacted seasonal sales for Room ACs, making Q1 a more subd
