P&G Hygiene and Healthcare's June quarter numbers were better than Street estimates, led by strong sales and robust margins. The company, which owns leading consumer brands like Whisper, Vicks and Old Spice, posted a 12.6 per cent year-on-year (Y-o-Y) growth in sales at Rs 852.5 crore during the quarter. The double digit sales growth, led by expansion of its distribution reach, reverses a sluggish sales graph with three of the last four quarters reporting a fall in sales.
If you have a short-term horizon, it might be better to wait for a while, say analysts.
The Reserve Bank of India on Thursday marginally lowered its inflation projection for the current financial year to 5.1 per cent, as Governor Shaktikanta Das said the central bank's monetary policy actions are yielding the desired results. In April, the Reserve Bank had estimated the consumer price index (CPI) based retail inflation at 5.2 per cent during the fiscal 2023-24. CPI inflation fell sharply to 4.7 per cent in April 2023, from 6.4 per cent in February, on the back of favourable base effects, with softening observed across all the three major groups.
Vamsi, 36, an IT professional shares his financial plan.
Infosys on Thursday posted a 7.8 per cent year-on-year rise in consolidated net profit at Rs 6,128 crore in March quarter of FY23, and gave 4-7 per cent revenue growth forecast for FY24 amid macro economic uncertainities. The net profit (after minority interest) stood at Rs 5,686 crore in the fourth quarter of FY22. Seen sequentially, the net profit for Q4 came in 7 per cent lower.
As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore.
Smart management of your money can help you achieve your financial goals in the New Year
Within the last year or so, Kuldeep Yadav has managed to change his status to become India's No 1 spinner for the World Cup.
The stock of LTIMindtree finished at Rs 5,001 a piece on Monday, which means it is down about 5 per cent from its all-time high as its June quarter results for the 2023-24 financial year (Q1FY24) missed estimates. A cautious note by the management, coupled with the fact that it will miss its double digit revenue growth target for FY24 weighed on the stock price. The company delivered revenues of just over a billion dollars in the quarter with constant currency growth of 0.1 per cent.
With the BJP's strength in the 40-member Goa assembly increasing to 27 with two-thirds of Congress legislators joining it, the Sawant government does not need allies' support any longer.
The unparalleled success of India's Test team on away tours over the past decade was largely because of its all weather pace attack but the same can't be said about the fast bowling resources available for the two-Test series against the West Indies.
E-commerce company Amazon plans to lay off around 1,000 employees in India as part of its biggest retrenchment exercise across the globe, according to sources. The company has announced the elimination of over 18,000 roles across the globe due to uncertain economic conditions. "The decision to eliminate 18,000 job roles across the globe will impact about 1,000 employees in India," the source said.
Rubbishing all criticism of Manmohan Singh being a weak Prime Minister, Union Law Minister Salman Khurshid said he is the best person for the job and has provided "thoughtful, philosophical" leadership in uncertain times.
'It is the best avenue for investors who would like to take long-term exposure to gold.'
The Chief of Air Staff, addressing a press conference ahead of the Air Force Day on October 8, asserted that the IAF will continue to remain deployed along the frontier in the region till complete disengagement takes place in the remaining contested areas.
Simone Biles, the most decorated gymnast in world championship history, said she had returned to the gym this week after about seven or eight weeks away
'The biggest change that the BJP can initiate in the run-up to 2024 is appointing new faces as chief ministers.' 'In doing so, it will send a message well beyond 2024.'
'Caught in the middle of a war in a foreign country was hardly something any of us had envisaged.'
Adverse economic and political conditions in the US and rising costs could see margins drop for the IT biggies.
Juventus will not play in Europe next season after being banned over breaches of UEFA's Club Licensing and Financial Fair Play rules.
I will tell you one thing, to be the Foreign Minister of Modi government is also a great strength, Jaishankar said.
Canadian Prime Minister Justin Trudeau Thursday reiterated that there are "credible allegations" that should be taken "extremely seriously" as he urged the Government of India to work with his country to allow justice to follow its course in the killing of a Khalistani extremist leader.
More than 17,000 Indians, mostly students, were evacuated from the war-hit Ukraine under the mission.
Most economists expect the global economy to weaken in the coming year amid political and financial volatility, but a large majority of over 90 per cent are confident of moderate or strong growth in South Asia, notably India, a survey showed on Friday. At the same time, the outlook for China has dimmed following signs of deflationary pressures and fragility in the country's real estate market, the World Economic Forum's latest 'Chief Economists Outlook' report said. As the world grapples with political and financial volatility, almost six in 10 believe the global economic outlook will undermine progress towards meeting the UN Sustainable Development Goals (SDGs), with 74 per cent saying geopolitical tensions will have the same effect.
'We all face challenges in life. It's our approach towards them that absolutely decides what you become.'
Companies are cutting back on recruitment and training in their bid to cut costs and cope with the current economic slowdown.
Whether the third wave will ravage us depends on the pace of vaccinations, careful and calibrated opening up of establishments, and a strategy to contain the spread in specific states or pockets.
A US federal judge in Houston has declared illegal a federal policy that prevents the deportation of hundreds of thousands of undocumented immigrants, including hundreds of Indians, brought to the US as children, but noted that the government can continue to process renewals of its current recipients.
The senior state association member said there is also a tax rebate issue which is still an ongoing process.
Many political detainees have been released but former chief ministers Farooq Abdullah, Omar Abdullah and Mehbooba Mufti, who were whisked into custody in the early hours of August 5, 2019, are still in preventive detention.
Bournemouth have furloughed staff while top executives and coaches have taken voluntary pay cuts to help ease the financial impact of the coronavirus crisis on the south-coast side, the Premier League club said on Wednesday.
Not one to mince his words, Sehwag called for good man-management and an association free from politics.
The inquiry committee formed by Jadavpur University to probe into the circumstances leading to the death of a fresher has concluded that the victim was singled out for severe pre-planned ragging, which included possible sexual abuse.
The sources requested anonymity because the matter is confidential. Representatives for Manchester United and Sheikh Jassim did not immediately respond to requests for comment.
For the first time the Ford Foundation is placed under a watch.
Petrol and diesel prices are unlikely to be increased despite firming raw material costs because of upcoming general elections next year, Moody's Investors Service said. Three state-owned fuel retailers -- Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) -- which control roughly 90 per cent of the market, have kept petrol and diesel prices on freeze for a record 18 months in a row. This is despite the raw material (crude oil) cost surging last year, leading to heavy losses in first half of 2022-23 fiscal year before easing oil prices propelled them to profitability.
Fifteen-year-old Indian-American Gitanjali Rao was selected from a field of more than 5,000 nominees as TIME's first-ever Kid of the Year. She was interviewed by actor and activist Angelina Jolie for the TIME special.
Finance Minister Nirmala Sitharaman on Monday conveyed to Infosys CEO Salil Parekh in no uncertain terms the government's "deep disappointment and concern" over the continuing glitches in the new income tax filing portal and set September 15 as the deadline for the software major to resolve all snags. As glitches continued to mar the functioning of the portal even after over two months of its launch, Sitharaman summoned Infosys MD & CEO Parekh at her office here to know the reasons for not resolving the snags in the portal. A statement issued by the Income Tax Department said that during the meeting the finance minister emphasised that there is a need for putting in more resources and efforts on the part of Infosys so that the much delayed delivery of agreed services is ensured.
It's foolish to believe that someone else completes you. It is you alone who are whole and complete, says Aarti David.
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