Moneycontrol Selects: Top stories this evening

Here is a collection of the most important stories this evening:

Repo rate hikes warranted to combat high inflation risks, MPC minutes show
An increase in the policy repo rate was necessary to combat rising inflationary risks, minutes of the Monetary Policy Committee’s (MPC) September meeting released on October 14 showed.

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RBI MPC member Jayanth Varma argues  it's time to take a pause on policy rates
The minutes of the monetary policy committee (MPC) meeting held on September 28-30 show strong arguments from member Jayanth Varma in terms of a pause after nearly two percentage rate hikes in four months. Varma argued that too much rate tightening will hamper the nascent recovery seen in economic growth.

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Bajaj Auto Q2 profit jumps 30% YoY to Rs 1,530 crore
Bajaj Auto on October 14 said its consolidated net profit for the quarter ended September 2022 stood at Rs 1,530.00 crore. The figure was 30 percent higher than Rs 1,274.55 crore reported in the same quarter last year. On a Quarter on Quarter (QoQ) basis, it has gone up by 20% during Q2 FY 2022 from 1,173.30 crore in the previous quarter.

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Shree Cement Q2 Result | Profit falls 67% on year to Rs 189 crore as input costs jump
Shree Cement Limited on October 14 reported a 67 percent decline in standalone net profit of Rs 189 crore in the second quarter of FY23, as against a profit of Rs 578 crore recorded a year ago. On a sequential basis, the profit has dipped by 40 percent from Rs 316 crore earned during the previous quarter.