With crude palm oil prices on the rise, companies have started to jack up rates of soaps and edible oils in order to pass on the hike to consumers. Crude palm oil, one of the main ingredients in the manufacture of some consumer goods, saw a price rise of 45.2 per cent in the last three months. One of the country’s largest consumer companies, Hindustan Unilever, said it has already started to take price increases in the skin cleansing category.
Posts tagged Rediff
’50 bps cut in interest rate likely by March 2025′ (28-10-2024)
‘Investors can consider staying invested in long duration products as there is a possibility of rate cuts in the near term.’ Positive macros – lower inflation, high forex reserves and favourable demand-supply dynamics for government bonds – make a strong case for rate cuts from December, says Devang Shah, head of fixed income, Axis Mutual Fund. In an interview with Abhishek Kumar in Mumbai, Shah says this view may not hold true if commodity prices go up sharply.
‘Lot Of Interest In GenAI And Art Of…’ (28-10-2024)
‘GenAI programmes may not be large in terms of value, but have triggered a lot of new opportunities among clients.’
FPIs withdraw Rs 85,790 cr from Indian equities (27-10-2024)
Foreign investors have continued selling in the Indian market, pulling out a massive Rs 85,790 crore (around $10.2 billion) from equities this month due to Chinese stimulus measures, attractive stock valuations, and the elevated pricing of domestic equities. October is turning into the worst-ever month in terms of foreign fund outflows. In March 2020, FPIs withdrew Rs 61,973 crore from equities.
Factors that will guide the markets this week (27-10-2024)
Equity investors will track the trading activity of foreign investors, global trends and ongoing earnings results for further cues, and benchmark indices may continue to witness consolidation in a holiday-shortened week amid the monthly derivatives expiry, analysts said. Markets fell sharply last week amid massive foreign capital outflows and dismal Q2 earnings so far. Weakness in the markets might continue in the near term amid cautiousness among investors ahead of the US presidential election early next month, an expert said.
Factors that will guide the markets this week (27-10-2024)
Equity investors will track the trading activity of foreign investors, global trends and ongoing earnings results for further cues, and benchmark indices may continue to witness consolidation in a holiday-shortened week amid the monthly derivatives expiry, analysts said. Markets fell sharply last week amid massive foreign capital outflows and dismal Q2 earnings so far. Weakness in the markets might continue in the near term amid cautiousness among investors ahead of the US presidential election early next month, an expert said.
Tomato price volatility exposes gaps in supply chain (26-10-2024)
Tomato prices have been on the boil for more than a month. Data from major cities show that the spike has been between 125 and 150 per cent at the wholesale level. Soaring vegetable prices, including tomatoes, pushed the retail inflation rate to a nine-month high of 5.49 per cent in September, according to government data. Though reports say prices are expected to come down in the next few weeks after supplies improve from Madhya Pradesh and Himachal Pradesh, how long will the respite last is anybody’s guess.
Why Ratan Really Fell Out With Cyrus (26-10-2024)
Ratan Tata: A Life, the much awaited biography, reveals that after a year of ‘parallel running’, Tata began having second thoughts about Cyrus Mistry’s ‘suitability’. ‘Mistry targeted Ratan, the man who had elevated him from virtual oblivion into the mainstream of the Tatas…’
AI-Vistara Merger: What You Must Know (26-10-2024)
From November 12, Vistara aircraft will be operated under Air India’s banner, identifiable by a special four-digit flight code beginning with ‘2’. For example, flight UK 955 will become AI 2955, making it easier for customers to recognise when booking on airindia.com after this date.
Q2 results: Slow growth bottoming out in top 5 IT cos (26-10-2024)
The second-quarter performance of the top five information-technology services firms gives the hint that slow growth has bottomed out on the back of discretionary spending kicking in for the sector’s largest vertical – the banking and financial services. However, concern about the macro-environment continues to be a challenge. Among the top four – Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro – it is Bengaluru-based Infosys that has performed the best and that was evident in its full-year revenue guidance.