FMCG major HUL posted a profit growth of a mere 0.6% YoY to Rs 2,519 crore while missing the ETNow poll estimate of Rs 2,724 crore. Revenue dropped 0.3% YoY to Rs 15,188 crore and also trailed estimates of Rs 15,533 crore.
RBI Governor Shaktikanta Das stated that the Indian economy and financial sector are in a strong position. India’s external sector is robust, and the current
Samir Arora cautioned investors not to get overly excited by CLSA’s increased allocation to India. He believes that investors were shifting to the US, not
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