Contrary to expectations of a double-digit increase, net profit at the maker of Dove soaps and Red Label teas climbed at a modest 8%. The operating profit margin was 23.6%, rising 40 basis points over the year-ago level.
Gold prices have dropped by around 6% since Diwali, pressured by a stronger US dollar and rising inflation concerns. The price of 24-carat gold fell
The Indian market remained volatile throughout Thursday’s trading session. The BSE Sensex fell by more than 100 points, while the Nifty50 closed above the 23,500
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