BUSINESS
HUL Q2FY24 preview: Inflation to hit revenue, sales growth; profit may fall as price cuts hit margins
While brokerages say the company might see a 3-5.5% revenue growth YoY to around Rs 15,000 crore, analysts project PAT to be down around 1% YoY -- at around Rs 2,500 crore
BUSINESS
Gold gleam dims amid Israel-Hamas war; is it no longer the ultimate safe haven?
Money had been flowing to the US dollar as investors fled risky assets, and to a lesser extent to gold. However, the greenback’s run of 11 consecutive weekly gains ended last week, and the safe haven preferred now is gold, which had been subdued for a while, say analysts.
BUSINESS
Oil marketing companies’ margin slump to hit Q2 net profit; strong show expected from RIL
Strong refining margins and inventory gains, however, could partly offset the slump in marketing margins of downstream oil companies, say analysts. About RIL, they said the company has showcased noteworthy resilience and growth during Q2FY24
BUSINESS
Why PSU bank stocks fell while private sector banks rose today?
After the rally in public sector banking shares , market participants looking out for other sectors to invest in, said analysts
BUSINESS
Suzlon Energy: Could Dilip Shanghvi’s cancellation of agreement mean an eventual exit?
Analysts said despite Shanghvi’s exit, there are a slew of reasons to be bullish on Suzlon.
BUSINESS
Brace for higher oil prices, trade disruptions, says JPMorgan CEO Jamie Dimon
We’ve dealt with deficits before, we've dealt with recessions before; we haven't really seen something like this, pretty much since World War II, says Dimon
