Hit by inflation, higher input costs and pricing measures, fast-moving consumer goods companies are expected to see a contraction in their gross margin and a modest-to-flat operating profit in the October-December quarter. Photograph: Mansi Thapliyal/Reuters Several FMCG makers are likely
Bank of Baroda, a state-owned bank, in its quarterly update on Friday said its domestic deposits grew 9.23 per cent year-on-year (Y-o-Y) in October-December (Q3FY25) at Rs 11.65 trillion, while advances increased 11.76 per cent Y-o-Y at Rs 9.63 trillion,
Indian-origin tech companies cornered a fifth of all H-1B visas issued by the US with Infosys and Tata Consultancy Services leading the pack, an analysis of data from the US immigration department showed. According to data from the US Citizenship
After a long-drawn process, January 6 marks the record date for ITC Hotels’ demerger. Announced in July 2023, the restructuring will see ITC retain a 40% stake in its hotel business, with the remaining 60% directly held by shareholders through
The Centre has appointed former Allahabad high court judge justice Mayank Kumar Jain as the second judicial member of the Securities Appellate Tribunal (SAT). Jain will serve a term of four years or until he reaches the age of 67,
Foreign investors pulled out Rs 4,285 crore from Indian equities in the first three trading days of the month driven by apprehensions ahead of the third-quarter earnings season and high valuations of domestic stocks. IMAGE: Kindly note the image has
Front-running is a fraudulent practice where traders exploit advance knowledge of large client orders for personal profit. Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy Leeloo The First/Pexels.com  India’s market regulator, the Securities
Homegrown fast-moving consumer goods (FMCG) major Dabur India is set to record low single-digit growth in consolidated revenue in the December quarter, it said in an update on Friday. The maker of Hajmola candy and Real fruit juice said rural
State Bank of India (SBI) – the country’s largest lender – has unveiled two new schemes to boost deposit mobilisation at a time when most banks are facing challenges in raising resources. Photograph: Rupak De Chowdhuri/Reuters The first is ‘Har
Private sector lender Bandhan Bank on Saturday, January 4, announced its business updates for the October-December quarter. The lender’s loans and advances rose 15% year-on-year to ₹133,285 crore, compared to ₹115,940 crore in the corresponding period of last year. Sequentially,
