‘Future market gains will likely depend primarily on earnings growth.’
Posts tagged Rediff
Diwali Shopping Still Sluggish (24-10-2024)
While there was a 6 to 7 per cent increase in volume compared to last year in the first few days of the month which coincided with festivals, a large part of the demand is yet to hit the market.
Royal Enfield announces 1st assembly unit in B’desh (23-10-2024)
Indian motorcycle maker Royal Enfield on Tuesday announced starting a manufacturing unit and a showroom in Bangladesh, marking a major industrial development in the neighbouring country where the former prime minister Sheikh Hasina fled in August after weeks-long protests against her. The manufacturing facility in Chauddagram in Cumilla district is Royal Enfield’s sixth outside India and besides the one in Tamil Nadu. Royal Enfield, the global leader in the mid-size motorcycle segment, has set up the facility in collaboration with IFAD Motors.
Crude oil may slip to low $60s by 2025-end (23-10-2024)
Crude oil prices could dip to the low $60s by the end of 2025 after rising to $80 a barrel in the last quarter (October-December) of 2024 – up nearly 10 per cent from current levels, suggest analysts at JP Morgan. The main players in West Asia, including Saudi Arabia and the UAE, have a strong incentive to keep the conflict contained, according to the JP Morgan report.
HUL Q2 profit down 2.33%; separates ice cream biz (23-10-2024)
FMCG major Hindustan Unilever Ltd (HUL) on Wednesday reported a 2.33 per cent decline in consolidated net profit at Rs 2,595 crore for the second quarter ended in September 30, 2024 impacted by moderation in demand from the urban market. The company had logged a net profit of Rs 2,657 crore in the July-September quarter a year ago, HUL said in a regulatory filing. However, revenue from product sales was up 2.36 per cent at Rs 15,703 crore in the September quarter, from Rs 15,340 crore in the year-ago period, HUL which owns power brands such as Surf, Rin, Lux, Pond’s, Lifebuoy, Lakmé, Brooke Bond, Lipton and Horlicks said.
India remains world’s largest growing economy: IMF (23-10-2024)
India remains the largest growing economy in the world, a senior official from the International Monetary Fund said, observing that the country’s macroeconomic fundamentals are good. “India is said to remain the largest growing economy in the world. We project growth at seven per cent in FY24-25, supported by recovery in rural consumption, as there have been favourable harvests.
Sensex drops 138 points on foreign fund outflow (23-10-2024)
Sensex drops 138 points on foreign fund outflow
SC sets aside NCLAT order against Byju’s (23-10-2024)
In a significant verdict, the Supreme Court on Wednesday set aside the National Company Law Appellate Tribunal’s (NCLAT) verdict that had stopped insolvency proceedings against embattled ed-tech firm Byju’s. A bench of Chief Justice D Y Chandrachud, and Justices J B Pardiwala and Manoj Misra also reversed the order of the NCLAT approving Byju’s Rs 158.9 crore dues settlement with the Board of Control for Cricket in India (BCCI) and directed the cricket board to deposit the settlement amount of Rs 158.9 crore with a committee of creditors.
NSE Bull Gets A Human Family (23-10-2024)
Glimpses of the iconic NSE Bull and the newly renovated atrium at the National Stock Exchange headquarters in Mumbai.
Paytm gets NPCI nod to onboard new UPI users (23-10-2024)
The National Payments Corporation of India (NPCI) has granted approval to Paytm to onboard new UPI users, subject to the adherence to all procedural guidelines and circulars, according to the company. The move is expected to come as a relief to Paytm, which had suffered a blow following the Reserve Bank of India’s restrictions earlier this year on associate company Paytm Payments Bank Limited (PPBL) in onboarding new UPI users on the Paytm app. In March, the NPCI gave approval to Paytm to participate in UPI as a Third-Party Application Provider (TPAP).