Consumer stocks took a beating during last quarter’s selloff in Indian equities, reflecting signs of stress in urban demand. A flurry of third-quarter business updates will keep traders busy on Monday as they look for signs of a rebound in growth after depressing second quarter earnings. Bulls will be eyeing a comeback, as Nifty futures indicate a positive start to …
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MUMBAI: The systematic withdrawal scheme introduced under the National Pension System (NPS) provides retirees with a facility to deploy their retirement corpus and have their funds managed in a cost-efficient manner.The NPS has already demonstrated its ability to outperform most retirement funds in terms of returns. Previously, a subscriber, on exit from NPS, did not have the option to systematically …
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NEW DELHI: Hit by inflation, higher input costs and pricing measures, FMCG companies are expected to see a contraction in their gross margin and a modest-to-flat operating profit in the Dec quarter. Several FMCG makers are likely to log a low single-digit rise in their revenue, returning to the cycle of value-driven growth.One of the reasons could be that a …
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MUMBAI: HDFC Bank‘s deposit base surpassed its advances for the first time after the merger of its parent housing finance company with the bank in July 2023. The country’s largest private bank disclosed its business figures for Q3 FY25 in a filing with the stock exchanges.The bank’s advances growth has slowed as part of its strategy, though this is expected …
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NEW DELHI: Govt does not plan to ask laptop makers to cut down imports to India immediately in the New Year as it believes that local production will grow and gradually mirror the success seen in smartphones, with companies such as HP and Dell boosting local output significantly from the next fiscal, IT and electronics secretary S Krishnan has said.Simultaneously, …
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Commerce and Industry Minister Piyush Goyal NEW DELHI: The government is working on an export strategy to further accelerate the country’s goods and services shipments, Commerce and Industry Minister Piyush Goyal has said. He said the ministry is working on a “very” targeted manner to take the exports to $ 2 trillion by 2030 by addressing concerns of exporters and …
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NEW DELHI: Businesses in India’s household durables segment are expected to see some moderation in revenue growth in the just-concluded October-December quarter, asserted HSBC Global Research in a thematic report ahead of the impending earning updates.The global financial services group attributed continued unexciting consumer demand environment to climatic conditions — extended monsoon season and delayed winter onset in few parts …
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NEW DELHI: Senior officials from the commerce ministry, and commercial wings of Indian Missions of 20 countries will hold a three-day meet, beginning here on Monday, to discuss ways to promote exports of goods and services, an official said. Commerce and Industry Minister Piyush Goyal will also interact with these commercial representatives on January 6. The issues, which would come …
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NEW DELHI: India’s foreign exchange reserves have been on a consistent decline for the past three months. As per the latest data from the Reserve Bank of India (RBI), the country’s forex reserves fell by $ 4.112 billion in the week ending December 27, reaching $ 640.279 billion. This marks the twelfth decline in the last 13 weeks, pushing the …
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NEW DELHI: The upcoming annual budget for FY26 could announce further measures to boost employment generation, CII said on Sunday, emphasising that job creation at a mass scale is important to engage the young population productively, and drive inclusive growth in the world’s most populous nation. The industry body has suggested a seven-point agenda to harness India’s demographic dividend, including …
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