Category: Government News

While globally, FMCG/ consumer non-discretionary sectors are viewed as defensive plays, in India, for over a decade, they also served as aggressive growth bets. Why not, when GDP was growing consistently in mid- to high-single digits pulling up millions of people out of poverty and pushing them into the consumption class! On top of this,…

The Union government has instructed airlines to bolster passengers’ “amenities as well as handling protocols” with immediate effect to shield flyers from the fallout of Pakistan’s airspace closures. As an air corridor, Pakistan’s airspace is vital for Indian airlines, especially for westbound flights from northern cities like Delhi to Europe, the Middle East, Central Asia,…

Zydus Lifesciences has had a strong 9MFY25 reporting a revenue and earnings growth of 19 per cent and 26 per cent, respectively, year on year. The US market, accounting for half the revenues, led with 30 per cent year-on-year growth in the period. The stock has gained 84 per cent since our last accumulate call…

IDFC First Bank reported a sharp 58 per cent year-on-year (yoy) drop in fourth quarter (Q4FY25) standalone net profit at ₹304 crore, with the bottomline being dragged by a jump in provisions, including towards deliquent assets in the microfinance portfolio. Sharply lower tax expenses, to an extent, acted as a counterweight to the aforementioned provisions,…

Notwithstanding the turbulence in the capital market, mutual funds have lined up have lined up eight new fund offers and among them six are passive equity funds. In fact, fund houses have filed 46 draft papers with SEBI for launching new funds since start of this fiscal. With equity markets beaten down and most key…

Launching a “high-protein kulfi” at an event in Kolkata on Saturday, India’s largest food and FMCG brand, Amul said it would soon launch other high-protein products like paratha, sandwich, snacks, coffee, among others. “It is a game changer and a high protein product for the masses. Every high protein mango flavoured kulfi contains 10 grams of…