Exciting product funnel; gearing up for growth Hindustan Unilever (HUVR) hosted Capital Market Day-2024 and underlined its business moats and competitive positioning across its categories. The company aims to remain relevant within India’s large consumption theme, which comprises 1) income prosperity; 2) a young population with a median age of under 32 years, and 3) … Read more
Asian stocks climbed on Monday, buoyed by record high closes on Wall Street, while the dollar bounced back from multiweek lows against the yen and British pound in a crucial week for the U.S. interest rate outlook. Chinese shares got an additional boost from a robust reading in a private manufacturing survey on Monday, confirming … Read more
The dollar crept higher on Monday in what is shaping up to be a critical week for the prospect of U.S. rate cuts, while the yen's recent rebound was underpinned by wagers on rising rates at home. The dollar also drew some verbal support from U.S. President-elect Donald Trump who on Saturday demanded that BRICS … Read more
Indian shares are expected to open higher on Monday, tracking their Asian peers, although worries about domestic growth and its effect on the central bank's monetary policy decision later this week are likely to keep gains in check. The Gift Nifty futures were trading at 24,354, as of 07:54 a.m. IST, indicating that the benchmark … Read more
Oil prices edged up on Monday supported by upbeat factory activity in the world's second largest oil consumer China and as Israel resumed attacks on Lebanon despite a ceasefire agreement, stoking tensions in the Middle East. Brent crude futures climbed 8 cents, or 0.1%, to $71.92 a barrel by 0107 GMT while U.S. West Texas … Read more
Average home prices in India are set to rise steadily over the coming years driven mainly by demand from wealthy individuals, while the rising cost of living will make owning a property unattainable for most people, a Reuters poll found. While India's middle class tightens its belt, cutting back on everything from tea to two-wheelers … Read more
Gold prices snapped a four-session rally to fall on Monday, pressured by a firmer U.S. dollar and profit-taking, while investors awaited key U.S. economic data for cues on the Federal Reserve's monetary policy outlook. Spot gold fell 0.7% to $2,636.38 per ounce, as of 0204 GMT. U.S. gold futures edged 0.8% lower to $2,658.80. "The … Read more
India saw 29 per cent growth (year-on-year) in electric two-wheeler (e2W) sales in the month of November at 118,924 units, which took cumulative 11-month sales of e2Ws to 1.07 million units. It was the third best month for the electric two-wheeler industry this year, after October (219,018 units) and March (213,064 units). The e2W retail … Read more
The Centre's Department of Pensions and Pensioners' Welfare has successfully concluded its Campaign 3.0 with the issuing of 1.30 crore Digital Life Certificates pensioners, according to an official statement released on Sunday. This initiative, launched to simplify life digital life certificate submissions, particularly for super senior pensioners, has set significant milestones by leveraging innovative technologies … Read more
India’s overall coal production recorded a 7.2 per cent increase during November this year to touch the 90.62 million tonnes (MT) mark compared to 84.52 MT in the same month last year, the Ministry of Coal said on Sunday. Coal production from captive and other entities has shown significant progress, reaching 17.13 MT in November … Read more