Indian companies saw mixed results in the December quarter. Consumer sectors like automobiles, banking, cement, and pharma performed well due to festive demand and GST cuts. However, labor code changes impacted profitability. Future trends will depend on rural demand, US trade measures, and raw material prices. Companies are focusing on new launches and efficiency to drive growth.
RBI mandates payment of inward remittances on same business day
The Reserve Bank of India is speeding up money transfers from abroad. Banks must now credit foreign payments to accounts on the same business day.