News Overview

Net profit down 12.66% as OPM stand lower by 400 bps

Hindustan Unilever (HUL): The FMCG major posted 16.76% rise in standalone net profit to Rs 2,243 crore on 10.43% increase in revenue from operations to Rs 12,900 crore in Q3 FY22 over Q3 FY21. Bajaj Holdings and Investment: The company reported consolidated net profit of Rs 1,040.16 crore in Q3FY22 as against net profit of Rs 1,149.58 crore in Q3FY21. Total income fell to Rs […]

Sharp decline in crude oil prices coupled with dollar weakness over disappointing US employment figures is likely to augur well for the Indian rupee in opening trades on Friday, 21 January 2022. Nevertheless, skeptical global sentiments ahead of Fed policy next week will weigh on the local currency. On Thursday, rupee slipped 7 paise to close at 74.51 against the US dollar. At the interbank […]

Havells India registered a 12% decline in standalone net profit to Rs 306 crore in Q3 FY22 from Rs 349 crore posted in Q3 FY21.

US weekly jobless claims for unemployment benefits jumped by 55 thousand from the previous period to 286 thousand in the week ending January 15th amid Omicron wave. It was the highest level since mid-October. It was also the largest weekly increase in claims since mid-July, as a surge in COVID-19 cases driven by the Omicron variant disrupted business activity and as employers continued to have […]

The meager mention of ‘finance’ and imageries of calculations, statistics, figures, rush as a flashback in our minds. Eventually, emotions, feelings and any other aspects take a backseat. However, what often goes unnoticed is that our behavioural trait has an important implication on our decision making in our financial endeavours. The envy and angst generated due to external situations can impact our financial decisions significantly.

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 122 points at the opening bell. Global markets: Overseas, Asian stocks are trading lower on Friday, tracking declines on Wall Street overnight. Japans inflation data released on Friday showed that core consumer prices rose 0.5% in December compared to a year earlier, as fuel and raw […]

US existing-home sales fell 4.6% to a seasonally adjusted annual rate of 6.18 million in December, the National Association of Realtors said Thursday. It was the lowest in 4 months. Compared to a year ago, sales were down more than 7%. Considering full 2021 however, sales increased 8.5% to 6.12 million, the highest since 2006. Powered by Commodity Insights

The company’s Value of New Business (VNB) could grow at a healthy pace of 22% on a YoY basis, driven by continued momentum in APE and 50 basis points margin expansion.

Reliance Industries (RIL) is set to report healthy growth in consolidated revenue and PAT for the quarter ending December 31, 2021