Hindustan Unilever Limited (HUL) reported its fastest sales growth in three years, with a 7% increase in the March quarter driven by stable consumer demand and supportive economic measures. Despite this positive performance, the company warned of potential price hikes due to rising crude oil-linked commodity costs stemming from the Iran war.Read More

India’s small-cap stocks experienced their strongest monthly rally in at least a decade during April, recovering significantly after a sharp March sell-off. Local investors actively bought beaten-down stocks, with the Nifty Smallcap 250 index jumping 17.1%. This surge followed a period where many small-cap stocks had declined, attracting interest in quality businesses with strong growth...Read More

The Securities and Exchange Board of India has launched a new fast-track system for alternative investment funds. This allows schemes to launch quicker after filing documents. Merchant bankers and AIF managers now hold greater responsibility. The regulator will not review draft disclosures beforehand. This change aims for efficient capital deployment by AIFs.Read More

Mumbai’s 10-year benchmark government bond yield surpassed 7% to close at 7.01% on Thursday, driven by rising crude oil prices and hawkish Federal Reserve comments. Money market rates also climbed amid shrinking banking liquidity, indicating tighter global financial conditions.Read More

The Reserve Bank of India’s net short forward position surged to a record $104 billion in March, a significant increase from February’s $77 billion. This reflects the RBI’s continuous intervention to protect the rupee against volatility, impacting India’s import cover to under nine months.Read More

Indian stocks and the rupee experienced a significant downturn on Thursday. Surging oil prices and rumors of potential military action against Iran impacted investor sentiment. Despite this, Indian markets saw their best April performance in 28 months. The Reserve Bank of India intervened to support the rupee. Markets will be closed on Friday for Maharashtra...Read More

Apple executives said they expect sales growth of 14% to 17% in the current fiscal third quarter, which was above Wall Street estimates of 9.5% growth to $102.93 billion, according to data from LSEG.Read More

Indian banks are strengthening their finances. They are creating special funds to handle risks from the West Asia crisis. This proactive step aims to protect against potential credit issues. Banks like Axis Bank, Union Bank of India, Indian Overseas Bank, and Indian Bank are setting aside significant amounts. This move ensures resilience and prudent risk...Read More

Retail investors are seeing contrasting interest rate movements from two major finance companies. Bajaj Finance has boosted deposit rates by up to 45 basis points to accelerate fundraising, while Shriram Finance plans to reduce rates by 15-35 bps following a rating upgrade.Read More