As the third quarter results season ends, one unhappy conclusion is that the sales of FMCG companies have been a disappointment. Hindustan Unilever (HUL), Dabur, Patanjali, ITC, Emami have all reported flat or low single digit volume growth. Value has been a little better because of price increases. NielsenIQ, the market research company, said in … Read more
India’s foreign exchange reserves rose sharply by $7.65 billion to $638.26 billion for the week ended February 7, according to the Reserve Bank of India (RBI). This marks the third consecutive weekly increase, following a $1.05 billion rise in the previous week. The surge comes after a recent phase of decline due to revaluation and … Read more
A handshake, a hug, and a $500 billion aspiration — Prime Minister Modi’s visit to the United States to meet President Donald Trump sets the stage for both countries to enhance their trade relations. India has committed to reducing its significant trade deficit by increasing energy imports from the US. The two leaders met at … Read more
Finance Minister Nirmala Sitharaman, in her reply to the Union Budget, told the Parliament the CPI inflation is now closer to the Reserve Bank of India’s (RBI) lower end range of 4%. Company Value Change %Change Commenting on the January CPI inflation contracting by close to 1% to 4.31% over December, the minister said , … Read more
West Bengal Finance Minister Chandrima Bhattacharya presented a ₹3.89 lakh crore budget for 2025-26. It is the last full-fledged Budget of the Mamata Banerjee government ahead of the 2026 state elections. Company Value Change %Change The government unveiled a series of infrastructure and agricultural development projects while allocating significant funds for rural connectivity, river erosion … Read more
“If I had all this, hell, I’d be nice too,” says one of the ‘parasites’ in the Oscar-winning Korean movie. The 2019 masterpiece offers the most vivid description of the profound impact that monumental wealth and debilitating poverty have on each other. Company Value Change %Change Rising government expenditure on welfare is a hotly-debated topic … Read more
Retail inflation in India slowed to 4.31% in January 2025 mainly due to lower food prices, data released by the Ministry of Statistics & Programme Implementation showed on Wednesday (February 12). Company Value Change %Change According to the CNBC-TV18 Poll of economists, the January 2025 CPI was pegged at 4.53%. The Consumer Price Index (CPI)-based retail … Read more
The government is likely to table the much anticipated New Income Tax Bill in Parliament on Thursday, according to sources, who added that the proposed legislation spans over 600 pages, proposing the new legislation as the Income Tax Act, 2025. Once passed, it will come into effect from April 1, 2025. Company Value Change %Change … Read more
India’s Chief Economic Advisor Dr V Anantha Nageswaran believes if India maintains lower inflation, in the range of 3-4%, and developed countries struggle to go below 3%, rupee depreciation may slow down. Company Value Change %Change Speaking at an IVCA Conclave on February 11, Nageswaran explained that long-term currency depreciation depends on inflation differential and … Read more
Central GST officers detected tax evasion of over ₹1.88 lakh crore between April and December 2024, Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha on Monday (February 10). Company Value Change %Change The evasion, including cases of fraudulent Input Tax Credit (ITC), was identified across 72,393 instances during the period. Authorities made … Read more