Hindustan Unilever reported a 30% drop in Q3 FY26 net profit from continuing operations to Rs 2,188 crore, despite a 5.6% revenue increase. The company anticipates a stronger FY27, driven by portfolio optimization and channel transformation, with early signs of consumption recovery observed.Read More
Unilever reported a modest annual profit increase after spinning off its ice cream division, including Ben & Jerry’s. The company’s net profit from retained brands rose 4.6% to $6.8 billion last year. Despite anticipating slower market conditions for 2026, Unilever expressed confidence in its focused strategy and disciplined execution.Read More
Asian markets saw a dip from record highs. Concerns over artificial intelligence’s impact on technology sectors caused a sell-off in US stocks. Investors sought safety in US Treasuries. Despite this, early Asian trading showed signs of stabilization. Gold steadied after a sharp fall, and Bitcoin edged higher. This cross-asset weakness highlighted investor caution.Read More
Indian markets closed lower on Thursday due to a sharp correction in IT stocks. Despite supportive global and domestic factors, the IT pack’s weakness temporarily impacted investor sentiment. Analysts suggest limited downside potential due to strength in other sectors. Key companies like SpiceJet, TCS, Infosys, Coal India, and Hindalco were in focus due to their Q3 results and news developments.Read More
Indian markets are poised for a range-bound trading session with a focus on individual stock performance as the Q3 earnings season concludes. Investors will monitor global and domestic inflation, trade developments, and FII flows, while AI-related disruptions may introduce volatility. The Nifty traded within a narrow range, and the India VIX saw a slight increase.Read More
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