Mamaearth Q3 Results: Honasa Consumer posted a strong Q3, with net profit surging 93% YoY to Rs 50 crore. Sequential growth remained healthy, while like-for-like revenue hit a record high. Younger brands scaled rapidly, offline reach expanded, and product innovation continued to drive momentum for the company in the period under review.
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.