Avenue Supermarts Ltd., the operator of DMart retail stores, reported its Q3 results recently, and the stock price reacted with muted movement, trading flat despite expectations of volatility. Investors are now weighing whether to buy, sell, or hold the stock in light of the company’s performance and broader market conditions. Q3 Performance Overview DMart’s Q3 results highlighted steady revenue growth, driven by strong festive season demand and expansion of new stores. However, margins remained under
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The Indian equity markets ended Monday’s session on a strong note, with both benchmark indices posting notable gains. The Sensex closed 302 points higher, while the Nifty 50 settled above the 25,750 mark, supported by robust buying in select heavyweights. Market Overview The trading day witnessed positive momentum across sectors, with metals, paints, and select banking stocks driving the rally. Investor sentiment remained upbeat amid expectations of steady corporate earnings and optimism around global cues.
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India is expected to remain one of the fastest-growing major economies in 2025, with growth projected at 7.4%, according to a United Nations economist. The forecast underscores the resilience of India’s economy amid global uncertainties, driven by structural reforms, supportive monetary policy, and robust domestic demand. Key Drivers of Growth Tax Reforms: Recent tax rationalization measures have streamlined compliance and boosted investor confidence. Simplified GST structures and corporate tax adjustments are expected to enhance efficiency
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India’s central bank, the Reserve Bank of India (RBI), has trimmed its holdings of US Treasury securities to below $200 billion, marking a significant shift in its foreign reserve management strategy. This move comes amid a global trend where central banks are diversifying away from US debt and increasing allocations to gold, seen as a safe-haven asset in times of economic uncertainty. RBI’s Strategic Shift US Treasury Holdings: RBI’s holdings have fallen below the $200
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09January
HUL Faces ₹1,560 Crore Tax Demand for FY22, Company Maintains No Material Impact and Plans Appeal
Hindustan Unilever Limited (HUL), India’s largest fast-moving consumer goods (FMCG) company, has been served with an income tax demand of ₹1,559.69 crore for the financial year 2021–22 (assessment year 2022–23). The order was issued by the Assistant Commissioner of Income Tax, Central Circle 5 (2), Mumbai, under Section 143(3) read with Section 144C(13) of the Income Tax Act, 1961. The demand notice, raised under Section 156 of the Act, was received by the company on
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