Hindustan Unilever Navigates Inflation with Strategic Price Hikes Amidst Robust Demand and Strong Growth
Hindustan Unilever anticipates further price hikes to counter rising commodity costs, even as stable demand for household staples drives strong revenue growth. The company maintains a strategic focus on volume expansion amidst inflationary pressures.
Radico Khaitan Reports Soaring Q1 Profits: Premium Liquor Demand Fuels 76% Net Profit Surge
Radico Khaitan reported an impressive 76% surge in net profit for the June quarter, alongside a 10% rise in total income. This robust performance is primarily attributed to strong consumer preference for premium liquor brands and favorable input costs.
HDFC Bank Board Takes Decisive Action: MD and CFO Penalized for MSRDC Deposit Arrangements
HDFC Bank's board has penalized its MD and CFO over deposit arrangements with MSRDC, citing 'business overreach' but no personal gain. This move reflects heightened corporate governance scrutiny, aligning with RBI's push for greater accountability in the…
HDFC Bank Board Imposes Penalties on Top Executives for ‘Business Overreach’ in MSRDC Deposit Deal
HDFC Bank's board has penalized its MD and CFO with nominal fines and warning letters for 'business overreach' in MSRDC deposit arrangements. An internal review found no personal gain or mala fide intent, with the bank poised to inform the Reserve Bank…
HDFC Bank Board Fines MD, CFO for ‘Business Overreach’ in MSRDC Deposit Arrangements
HDFC Bank's board penalized its MD and CFO with Rs 1 lakh fines and warning letters. An internal review found 'business overreach' in deposit arrangements with MSRDC, though no personal gain or mala fide intent was identified, underscoring the bank's…
Rupee Resilience: India’s Currency Holds Steady Amidst Global Oil Volatility and Anticipated RBI Action
Despite global oil price fluctuations and inflation concerns, the Indian rupee is poised for a period of stability. Analysts eye the upcoming RBI Monetary Policy Committee meeting as a key factor influencing the currency's trajectory, alongside…