Friday, November 22
Leading FMCG companies reported declining margins in the September quarter due to higher input costs and food inflation, slowing urban consumption. Firms like HUL, Dabur, and Nestle India noted muted demand, while rural markets showed growth. Companies plan price hikes to counter rising input costs.
Stock market today: BSE Sensex ended the day down 553.12 points or 0.69 per cent, closing at 79,389.06, after dropping 654.25 points or 0.81 per cent to 79,287.93 during trading hours. The NSE Nifty declined by 135.50 points or 0.56 per cent to 24,205.35.
Stock market today: Poor earnings reports and continued foreign fund outflows affected investor confidence. The BSE Sensex fell by 426.85 points to close at 79,942.18, fluctuating between 80,435.61 and 79,821.99 during trading.
Jairam Ramesh highlights that thousands of tribals in Jharkhand struggle to access their bank funds due to stringent KYC norms. He urges the Reserve Bank of India to review these procedures, citing surveys where 60% of households in Latehar and Lohardaga have frozen bank accounts, affecting access to MGNREGA wages and government cash transfers.
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened higher in trade on Monday. While BSE Sensex crossed the 80,000 mark, Nifty50 moved above 24,400.
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened higher in trade on Monday. While BSE Sensex crossed the 80,000 mark, Nifty50 moved above 24,400.
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened higher in trade on Monday. While BSE Sensex crossed the 80,000 mark, Nifty50 moved above 24,400.
ICICI Bank reported a 14.5% standalone net profit growth to Rs 11,746 crore for Q2 of the current financial year, compared to Rs 10,261 crore a year ago. Total income rose to Rs 47,714 crore, with interest income at Rs 40,537 crore. Gross NPAs improved to 1.97%, while net NPAs eased to 0.42%.
India's foreign exchange reserves fell to $688.2 billion by Oct 18, marking a third consecutive week of decline with a drop of nearly $2.2 billion. The decline follows a $14.5 billion decrease over the previous two weeks, partly offset by a $1.8 billion rise in gold holdings.
