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European Central Bank Governing Council member Jose Luis Escriva expressed satisfaction with current borrowing costs, deeming them appropriate as inflation has reached the 2% target. Policymakers are widely expected to maintain the deposit rate at 2% at the upcoming October 30 meeting and again in December, with no further rate adjustments anticipated.
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News and Media
India's electronics exports are surging. They are set to become the country's second-largest export category, potentially replacing petroleum products. This growth is driven by global shifts and strong performance, with electronics now the fastest-growing sector. Experts predict this trend will continue, doubling exports in the coming years. This marks a significant shift in India's trade landscape.
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Dr Reddy's Laboratories saw a high single-digit revenue increase in Q3, driven by India, emerging, and European markets, despite a muted US business. The company launched 24 new products, with a pipeline of 100 products expected to offset slowing Revlimid sales. Analysts remain cautious, with valuations factoring in earnings upside.
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News and Media
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