The UK and the USA are natural allies, but even with the same 2% inflation rate objective, divergent paths might be taken by their respective Central Banks. UK’s consumer prices index (CPI) rose by 2.3% in April 2024, down from 3.2% in March 2024. Lower inflation rate was mainly supported by falling electricity, gas and […]
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S&P BSE Sensex jumped 1.6% on May 23, 2024 driven by RBI’s highest ever dividend transfer to the Central Government. The Reserve Bank of India (RBI) in its 608th meeting of its Central Board of Directors approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24. While […]
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The shift of the auspicious Navratri to April instead of March last year led to strong growth in the auto retail sector in April 2024. The 2-wheeler segment with 33% YoY retail volume sales growth was the major contributor to overall retail auto growth. The 2-wheeler segment contributed 74% to total auto retail mix in […]
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After disappointing the street with its Q4FY24 quarterly update, there was some relief for Dabur investors as March Quarter 2024 results came out. As indicated earlier in the quarterly update, revenue grew in mid-single digits and international business registered double-digit growth in constant currency (cc) terms. Dabur India’s product verticals, home & personal care (HPC), […]
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RBI Monetary Policy Committee is scheduled to meet on 5-7 June 2024. The European Central Bank (ECB) meeting is scheduled to meet on June 6. Both Central Banks will decide whether to hold interest rates or start their interest rate cut exercise before the US Federal Reserve bites the bullet. Both India and the European […]
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Bajaj Pulsar is a Rs 9,000 crore brand. Even after more than two decades, Pulsar mania is still gaining strength every year. Bajaj Auto is launching six new models in H1FY25 and its biggest Pulsar NS400Z was launched recently on May 3rd. Apart from Triumph Twins and Dominar 400 giving competition to Eicher Motors in […]
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ICICI bank stock price made a new 52-week high at Rs 1,160 on April 29, 2024. Stable net interest margin at 4.4%, robust deposit growth of 19.6% YoY and improved Gross and Net non-performing assets at 2.16% and 0.42% respectively drove the stock price to a new 52-week high. Investors were also enthused with strong […]
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