DSIJ Mindshare

Centum Electronics posted its Q3FY18 results wherein overall numbers were subdued across the board. Total revenue for the quarter declined by 26 per cent yoy and 17 per cent qoq to Rs.74 crore as against Rs. 100 crore in the previous year's corresponding quarter and Rs. 90 crore in the previous quarter

 The company's standalone revenue for the quarter came in at Rs. 75.44 crore, registering 24.7 per cent yoy decline. This was primarily driven by sharp decline in revenue from manufacturing and sale of solar power systems by 28.4 per cent. Also decline in sales from solar power plant operation by 28 per cent contributed to the deterioration in revenue.

IRB Infrastructure Developers Limited (IRB), India's leading private roadway developer, has successfully achieved the financial closure of Rs. 1,020 crores for its Kishangarh to Gulabpura tollway project.

The inflation CPI cooled down in January after touching 17-month high in December to 5.21 per cent. The CPI for January came down to 5.07 per cent. The food inflation declined marginally to 4.7 per cent. 

An inverted yield curve means the difference between long-term bond yields and short-term bond yields are negative that shows lower confidence in the economy.