Hindustan Unilever Ltd (HUL) reported quarterly revenues largely in line with expectations, while its margins surprised investors by exceeding forecasts. This upside in profitability was attributed to improving trends in key segments and the gradual impact of GST rate cuts, offering some comfort amid a challenging consumption environment.
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.