Shakti Pumps Shares Locked In 20% Upper Circuit After Q3 Profit Jumps Fourfold

Shakti Pumps Shares Locked In 20% Upper Circuit After Q3 Profit Jumps Fourfold

Shares of Shakti Pumps (India) Ltd. were locked in upper circuit after it surged 20% to a record high on Monday after its profit surged fourfold in the third quarter.The energy-efficient pump manufacturer’s consolidated net profit surged 300% year-on-year to Rs 45.2 crore in the quarter ended December 2023, according to an exchange filing on … Read more

Deloitte Under Scrutiny After Missing Tingo’s Alleged $462-Million Fraud

Deloitte Under Scrutiny After Missing Tingo's Alleged $462-Million Fraud

Deloitte Touche Tohmatsu Ltd.’s credibility is under fire after the accounting giant missed a major fraud at Nigeria’s Tingo Group Inc. The incident has sparked widespread concerns about the effectiveness of audits and potential flaws within the industry itself. The story unfolded in June 2023, when short-selling firm Hindenburg Research released a report titled ‘Fake … Read more

Fed Rate Decision Could Be The Prelude To A March Cut

Fed Rate Decision Could Be The Prelude To A March Cut

(Bloomberg) — Federal Reserve policymakers may finally be right on the verge of cutting interest rates. Going into this week’s two-day policy meeting, which wraps Wednesday afternoon in Washington, investors are assigning roughly even odds to the prospect that the U.S. central bank will start lowering borrowing costs at its next decision in March. That … Read more

Date, Theme, History, Significance And More

Date, Theme, History, Significance And More

World Leprosy Day holds significance as a global initiative aimed at raising awareness about leprosy, dispelling myths surrounding the disease, and promoting early detection and treatment. It is an impetus for governments, non-governmental organisations, and communities to join forces in the fight against leprosy, strive for a world where people with leprosy get proper care, … Read more