Category: Industries

High inflation, raw material prices may pressure margins in near term, says CMD Hindustan Unilever Ltd. (HUL), India’s largest consumer goods maker, reported standalone third-quarter net profit grew 17% to ₹2,243 crore aided by strong all-round performance but warned that high raw material costs and inflation could hit margins in the near term. EBITDA margin […]

`Momentum to continue for at least 3-5 years’ Customer spending across sectors and regions remains robust and L&T Infotech (LTI) expects this momentum to continue for at least 3-5 years, said company CEO & MD, Sanjay Jalona. “Customer spending across sectors and regions remains robust and we expect this momentum to continue for at least […]

Overall economic activity strong, RBI officials say in bulletin Overall economic activity in India remains strong, with upbeat consumer and business confidence and uptick in several incoming high-frequency indicators, despite the outbreak of the Omicron variant of the virus causing COVID-19, Reserve Bank of India officials wrote in an article in the RBI Bulletin. “As […]

HCL Technologies CEO and MD C. Vijayakumar on Monday said business was in the best shape that it could be and the company is optimistic of a good growth trajectory, especially in the medium term, driven by focus on digital transformation. The statement comes after the company’s scrip fell 5.89% to ₹1,258.80 per share on […]

Urjit Patel will be one of the five vice-presidents of the AIIB with a three-year tenure. He is expected to take over his posting next month Former Reserve Bank of India (RBI) governor Urjit Patel has been appointed vice president of the Beijing-based Asian Infrastructure Investment Bank (AIIB). Mr. Patel will serve on a three […]

Employment opportunities in the e-commerce and allied industries witnessed a 28% surge in 2021, and recruitment activities in this segment will gain further momentum driven by economic recovery and aggressive vaccination drive, according to TeamLease Services. The ector grew by 8% in 2020 and 30% in 2021. It is now poised to reach $111 billion […]

Q. I am 25. I have an endowment policy that started in November 2020 for which I should pay ₹77,000 as annual premium for 10 years. In addition, I have taken a pure term insurance policy in October 2021 for a period of 25 years. I want to surrender the endowment policy. Is it advisable […]

ONGC’s production fell on delays in mobilising equipment India’s output of crude oil, which is refined to produce petrol and diesel, continued to decline in November, with lower output from state-owned firms leading to a more than 2% drop, official data showed on Tuesday. Oil production in November was 2.43 million tonnes, down from 2.48 […]

Objective is to rein in prices of essential commodities The story so far: Securities & Exchange Board of India (SEBI) on Monday issued directions to stock exchanges in the commodity derivatives segment for immediately suspending trading in derivative contracts in key farm commodities, namely paddy (non-basmati), wheat, chana, mustard seeds and its derivatives, soya bean […]

The government is selling its entire 51% stake in Pawan Hans. The government has received an undisclosed number of financial bids for sale of its stake in ailing helicopter operator Pawan Hans, moving the divestment process to the last stage. "The financial bids for Pawan Hans disinvestment have been received by the transaction advisor. The […]