HUL Q3 net rises 17% to ₹2,243 cr.

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 […]

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‘Omicron more of a flash flood than a wave, lifting prospects’

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 […]

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‘E-commerce hiring rose 28% in 2021’

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 […]

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Ask Us: on investments

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 […]

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Explained | Why SEBI suspended futures trading in agri products

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 […]

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Govt. gets financial bids for Pawan Hans stake

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 […]

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