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Butter prices are soaring across Europe, impacting consumers and businesses alike. A global milk shortage, exacerbated by various factors including declining production and the war in Ukraine, is driving the increase. While some producers consider substitutes, others, like Parisian pastry chef Arnaud Delmontel, refuse to compromise on quality, absorbing the rising costs or adjusting portion sizes.
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Exide Industries shares rose 3.8% after its subsidiary, EESL, signed an MoU with Hyundai Motors and Kia to supply lithium-ion cells and battery packs for electric vehicles in India.
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Sagility India's shares surged 5% after Jefferies initiated coverage with a buy rating and Rs 52 target, citing strong growth potential and improved earnings outlook in the US healthcare sector.
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Impeached South Korean President Yoon Suk Yeol faces questioning over his short-lived December 3 martial law declaration. Accused of abuse of authority and rebellion, Yoon continues to refuse cooperation with investigators, dodging summons and blocking office searches.
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Hence, it is important to focus on valuations, earnings and the quality of those earning. These are the parameters which matter and we are witnessing some deterioration in all three parameters.
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