T D Power Systems and DCM Shriram have set November 11 as the record date for their announced dividend payouts. Investors looking to receive dividends from these companies have until today to purchase shares. T D Power Systems announced an interim dividend of Rs 0.60 per share, while DCM Shriram declared an interim dividend of Rs 2 per share.
Vedanta will release its July-September 2024 quarterly results later today. The company is expected to report a profit compared to a loss in the same period last year. Analysts predict a profit between Rs 2495-2600 crore, attributing the turnaround to higher base metal prices.
Over 150 companies, including major players like SBI, LIC, Tata Motors, and Vedanta, are set to release their July-September 2024 quarter results today. SBI is predicted to show single-digit growth in net interest income, while Tata Motors is expected to see a 30% rise in net profit despite muted revenue growth.
The Federal Reserve lowered its key interest rate by a quarter-point in response to declining inflation. This follows a larger cut in September, signaling the Fed's focus on both job growth and inflation control. While inflation has fallen closer to the Fed's target, it remains slightly elevated.
India's equity benchmarks fell on Thursday, driven by rising US bond yields and continued selling by foreign investors. The surge in US yields, triggered by Donald Trump's election victory, has raised concerns about potential slowdowns in US rate cuts, impacting foreign investments in emerging markets like India.
Experts view the recent drop in Hindalco Industries' share price as a buying opportunity, citing strong fundamentals. Despite a recent dip due to weak earnings from its US arm, Novelis, analysts remain optimistic about the company's long-term prospects, particularly its upcoming US facility.
About 1,100 workers at the Stellantis Jeep factory in Toledo, Ohio, are facing layoffs early next year as the company takes further steps to cut high inventory at dealerships.
