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gas costs, along with alternate fuel utilization, is expected to enhance its Ebitda margin to 16.1% y-o-y.  Peer Cera Sanitaryware Ltd is also expected to see an upward trend, with a 14.5% y-o-y revenue growth and operating margin at 16.1%, marking a 60bps y-o-y increase. Profit after tax growth is estimated to skyrocket by 33.6% y-o-y, as per the Prabhudas Lilladher report.

FMCG) sector is expected to grow 7-9% this fiscal, slightly slower than the 8-9% clip of the past two fiscal years, said Crisil. Higher volume is expected to drive revenue growth, amid support from gradual recovery in rural demand. On the other hand, urban demand will see stable growth on a higher base. “After subdued volume growth in the past two fiscals at 1-3%, the sector is likely to record a 4-6% volume expansion this fiscal, supported by gradual recovery in rural demand, and steady urban demand. That said, any adverse impact of El Niño conditions on rainfall patterns this monsoon season will have a bearing on rural demand and remains monitorable,” said Anuj Sethi, Senior Director, CRISIL Ratings. Product realisations are foreseen range-bound — even moderating in a few categories — this fiscal because of price cuts in certain products where raw material prices have moderated. In contrast, revenue growth in the past two fiscals was driven by higher realisations. Lower raw material costs, primarily of edible oil, crude derivatives and chemicals, will help offset higher selling and marketing spend, leading to a 50-100 basis point improvement in operating margin to pre-pandemic levels of 20-21%, compared with consecutive years of erosion.

New Zealand is only the latest country to have slipped into recession in June 2023, after the nation’s GDP fell for two consecutive quarters. The slowdown followed the benchmark interest rate being hiked by New Zealand’s central bank for 12 successive times in a bid to control inflation, taking the rate to its highest since 2008. Germany had entered a technical recession at the end of May, closely followed by 20 eurozone nations by June 8.

Disney+ Hotstar will stream IB71, a spy thriller starring Vidyut Jammwal, on 7 July. When released in cinemas this May, the film had made Rs. 23 crore at the box office.

SUV, undoubtedly, has a huge fanbase in the country. Launched in 2020, the SUV has already achieved 1 lakh milestone in terms of sales. Currently, the SUV has a waiting period of up to 75 weeks depending on the model.

The S&P Global India services Purchasing Managers' Index (PMI) fell to 58.5 last month from 61.2 in May. Data on Tuesday showed that India's manufacturing PMI fell to 58.7 in June from 57.8 in May. As a result, India's composite PMI reading retreated to 59.4 in June from 61.6 in May.

₹15 per litre and the people will be benefitted. While addressing the public here in Pratapgarh, Rajasthan, Gadkari said, “If an average of 60% ethanol and 40% electricity is taken then petrol will be available at the rate of ₹15 per litre and the people will be benefitted. Pollution and import will reduce.

Virtual Digital Assets (VDAs) like cryptocurrencies, non-fungible tokens (NFTs) and any other VDAs notified by the government. The new tax rate for VDA came into effect from the financial year 2022-2023 (Assessment year 2023-24).

A heated pay dispute between the NRL and its players is expected to escalate this week after a final offer from Australian Rugby League Commission chairman Peter V’landys was rejected.

Romance may be the latest victim of the rising cost of living.

Macquarie Bank boss Greg Ward says the lender slowed its push into the residential mortgage market because he suspected aggressive cash offers and refinancing terms had pushed rivals to write loans at large losses.

PwC’s breakaway effort Scyne on Tuesday began a mad dash to convince sought-after professionals at the big four firm to join its new government consulting outfit rather than moving to a rival outfit.

State Bank of India: State Bank of India (SBI) announced that the Executive Committee of the Central Board (ECCB) has approved its acquisition of the entire stake held by SBI Capital Markets in SBICAP Ventures (SVL). The approval was accorded on July 4, 2023. SBI had proposed to acquire 6,03,80,000 equity shares or a 100% stake currently held by SBICAPS in SVL.

₹2,134 crore in Indian stocks. Traders' sentiment has remained optimistic in domestic equities.

Swiggy will be the latest entrant to follow in the wake of Myntra, Paytm and Flipkart to launch a co-branded credit card with private-sector lender HDFC Bank, three people in the know told ET. The food delivery platform is relying on flat discounts and special offers on its hyper local delivery services for users who use its co-branded card product.

Saudi Arabia and Russia's latest pledged output cuts deprive them of barrels. The two producer countries said on Monday that they will prolong and deepen output cuts into August. Along with reductions they already made, and ongoing curbs by other nations in the OPEC+ alliance, total supply curtailments will amount on paper at least to 3.1 million barrels a day, or about 3% of global consumption.Traders in Asia said there's a plentiful supply of barrels from producers outside of the 23-nation alliance particularly in locations like the US, West Africa and the North Sea that they will turn to if the region does bear the brunt of the latest cuts.

Air India and Vistara have told the Competition Commission of India (CCI) that there will be no adverse impact on competition due to their merger as rivals are present on most routes that the combined entity will fly, said people with knowledge of the matter. The CCI's scrutiny will not have any material business impact, although it could have an effect on the timeline, they said.

Homeowners and renters in the U.K. are facing further grim news as mortgage rates hit levels not seen since unfunded tax cuts announced by the government last fall spooked investors

A probe into whether some of the City's top banks broke competition law on UK government bond sales has cost regulators millions of pounds and taken thousands of staff hours to investigate.

NASA) last month sealed four volunteers into a simulated Martian habitat for a-year long analogue mission to simulate living on Mars. The objective of the mission is to learn more about the logistics – and the human psychology – of living long-term on another planet, without ever leaving the ground. CHAPEA or Crew Health and Performance Exploration Analog, is the first of three planned simulation missions at Nasa’s Johnson Space Centre in Houston, Texas  which will teach scientists more about what it takes for long-duration human spaceflight to succeed.

London Mayor Sadiq Khan is currently involved in a legal battle over his proposal to expand the Ultra Low Emission Zone (Ulez) in the city. Five Conservative-led councils have challenged the expansion in court, arguing that Khan's actions are unlawful. The court proceedings began today, and the verdict will be delivered at a later date.