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FMCG giant, is expected to report net profit of ₹2,674 crore in the first quarter of FY24.  The company’s bottomline is likely to see a growth of around 16% year-on-year (YoY) and 8% quarter-on–quarter (QoQ). Hindustan Unilever’s revenue in Q1FY24 is likely to be around ₹15,550 crore, witnessing a growth of 9% YoY with 4% realisation growth.

Fostering trust in institutions is one of the cornerstones of ensuring enduring belief in democratic systems. India’s statistical systems and infrastructure, despite its numerous warts, had a place of pride in the Indian democratic ethos and informed policymaking. But the standards of – and the lack of investments in – the official statistics collection machinery over the years have left a lot to be desired.

Bank of Maharashtra (BoM) on Wednesday reported a 95 per cent jump in net profit to Rs 882 crore for the June quarter, helped by a decline in bad loans and improvement in interest income. The Pune-based lender had posted a net profit of Rs 452 crore in the year-ago period. Total income in the first quarter of the current fiscal rose to Rs 5,417 crore from Rs 3,774 crore in the same period a year ago, BoM said in a regulatory filing.

LPL Financial says that supporting greater diversity and inclusion is not only important for advisors but also to enable better access to financial services for all.

Skift, that the country's static state of affairs is likely to remain due to “the lack of a demand from inside the U.S. for a change in policy, the extreme political risk for any group or politician who unwittingly facilitates travel by a terrorist, and the fact that tourism has surged post-pandemic anyway, even with a restrictive visa waiver program." “Unfortunately, that status quo, over time, may well contribute to a decline in US soft power if businesses struggle to invite partners to trade shows and meetings, tourists encounter needless application delays and look elsewhere, and open xenophobia erodes the public reputation of the US as a world leader," said Pforzheimer.

macroeconomic outlook and highlights the need for further financial support to address the country's cash-strapped situation, PTI reported this citing The Dawn newspaper. The report is founded on the Memorandum of Economic and Fiscal Policies (MEFP), which was signed by Pakistan's Finance Minister Ishaq Dar and State Bank Governor Jameel Ahmed. The fund said, “Resolving Pakistan’s structural challenges, including long-term BOP [balance of payments] pressures, will require continued adjustment and creditor support beyond the current programme period." Last week, the IMF approved the USD 3 billion bailout program for Pakistan.

₹1.64 lakh crore revival package for Bharat Sanchar Nigam Limited (BSNL) – its chairman and managing director called on all employees to “perform or perish". Pointing out – rightly – that the revival package was one of its kind among public-sector undertakings, CMD PK Purwar said it had been cleared by the prime minister himself, with a clear message to the staff of the ailing public sector behemoth. Purwar minced no words in listing BSNL’s issues.

Jubilant Pharmova Ltd on Wednesday reported an 86.4% year-on-year fall in its consolidated net profit (attributable to owners of the company) for the fiscal's first quarter ended June (Q1FY24) to ₹6.4 crore. The company had reported a profit of ₹47.1 crore in the year-ago period. The company in Q4FY23 posted a net loss of ₹97.9 crore.  For the quarter ended June 30 (Q1FY24), consolidated revenue jumped 9.3% year-on-year to ₹1,587 crore from ₹1,451.7 crore in Q1FY23.

Tata Coffee reported higher consolidated total income of Rs. 708 crore for the quarter, a 6% increase compared to the corresponding quarter of the previous year.  This growth was driven by higher realizations in both the Plantation Coffee and Instant Coffee businesses in India and Vietnam.

Hundreds of regular investors who together put up $63 million to buy pieces of Atlanta and Miami commercial real estate have allegedly seen their funds disappear. 

The Financial Planning Association, recognizing the growing appreciation of alternative investment strategies, has partnered with theChartered Alternative Investment Analyst Association to provide FPA members with increased access to educational programs and materials related to alternatives.

For actors and screenwriters affected by the recent strikes against film and television studios, having a spending plan and an advisor could be the difference between survival and financial calamity.

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Infosys is expected to look good on a year-on-year basis, it will likely be muted sequentially in a quarter that is usually the strongest for the technology sector. The company’s consolidated net profit is seen rising a mere 1% sequentially to Rs 6,185 crore, according to the average of estimates given by 13 brokerages. On a year-on-year (YoY) basis, the bottomline is seen 15% higher.

INDIA, the coalition of 26 opposition parties, has shown the potential to be a game-changer in the 2024 general elections and has woken up the BJP-led NDA from its slumber. With the NDA graduating from largely ignoring its partners to sending overtures and expanding the alliance to 38 parties, the era of coalition politics appears to have returned to Indian politics. It is now amply clear that the next Lok Sabha elections will be fought between two coalitions- one led by the Congress and the other the BJP- in a bipolar polity.

Zimmermann is about to hit the catwalk. Street Talk can reveal Advent International, which has a portfolio of retail investments and made a motza backing Lululemon Athletica, has lobbed an unsolicited bid for the Australian fashion powerhouse, founded by Nicky and Simone Zimmermann.

Mota Naveen, the victim, was thrashed and urinated upon by Mannam Ramanjaneyulu and eight more persons on June 19. Two of those eight were juveniles while Ramanjaneyulu is on the run. «Ramanjaneyulu and Naveen were friends but they had a falling out over the latter's relationship with a girl related to Ramanjaneyulu's friend,» Prakasam district superintendent of police Mallika Garg told PTI.

LTIMindtree Ltd. traded 0.73 per cent down in Wednesday's trade at 01:38PM (IST). Around 23,379 shares changed hands on the counter.

Alliance, in short (I.N.D.I.A.) Though some leaders showed initial resistance citing similarities with the name NDA (an alliance spearheaded by the BJP), they later agreed on it calling it as ‘an unanimous decision’.  Congress chief Mallikarjun Kharge said, "Earlier, we were UPA and now all the 26 parties have given a name to the opposition and that is – Indian National Developmental Inclusive Alliance (INDIA). Everybody has agreed upon this, and the resolution for the name was passed unanimously." However, previously Congress had  formed the government at the Centre twice under the umbrella of UPA, so why there was a need of name change? United Progressive Alliance (UPA) was spearheaded by the Congress in 2009 and 2014 but today, many oppositions are of the view that the grand old party cannot take on BJP alone in the upcoming Lok Sabha elections 2024.

₹8,637 crore in June, data released by the Association of Mutual Funds in India (Amfi) showed, while on the other, the large-cap scheme ( ₹2,049 crore) and focused funds ( ₹1,018 crore) were among the few categories which saw net outflows during June 2023. Debt-oriented schemes witnessed net outflow in the same month after witnessing two consecutive months of net inflows. Focused funds, which invest in a maximum of 30 stocks.

New Delhi: Retail sales grew 7% year-on-year in June, according to the 41st edition of the Retail Business Survey by the Retailers Association of India (RAI). “Retailers witnessed a modest growth of 7% in the month of June 2023. Food and grocery and footwear showed a growth at 15% while jewellery has shown a 14% growth.