Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Rising costs may hit smaller local Cos, says Unilever CEO Fernando Fernandez
Unilever has said that supply chain disruptions and rising crude-linked input costs could pressure smaller local competitors in India, potentially easing price competition in the consumer goods sector. Speaking during the company’s earnings call, CEO Fernando Fernandez noted that shortages faced by some local players in India and Southeast Asia may strengthen Unilever’s ability to pass on price increases in the future, particularly in categories such as laundry products.
Bombay HC quashes Rs 1,524 crore proposed GST demand on Tata Sons in Docomo arbitration payout case
The Bombay High Court quashed a Rs 1,524 crore GST demand against Tata Sons, ruling that payments made to NTT Docomo as an arbitration award do not constitute a taxable 'supply of service'. The court found the revenue department's attempt to levy GST on the settlement of the arbitral award to be unjustified, setting aside the show cause notice.
Oil firms selling petrol at Rs 14 a litre loss, diesel at Rs 18
Indian oil companies face substantial losses on petrol and diesel sales. Elevated crude oil prices are squeezing marketing margins. Cooking gas LPG is projected to incur an Rs 80,000 crore under-recovery this fiscal. Fertiliser subsidies are also set to rise significantly. These pressures impact profitability across various sectors, with relief contingent on easing global tensions and supply chain normalisation.
In a sea of red, how a smallcap defence company delivered multibagger returns this year
Despite a challenging market, MTAR Technologies has delivered multibagger returns, surging nearly 100% in just over four months. The smallcap defence company's rally is driven by its critical role in the global clean energy and AI infrastructure supply chain, particularly its partnership with Bloom Energy. Analysts anticipate significant order inflows from this collaboration, though valuation concerns are emerging.
Balaji Amines says ammonia supply disruption easing, but stock falls
Balaji Amines said the global ammonia supply chain is now showing signs of improvement, allowing a gradual restart of production of ammonia-based products, including methylamines, ethylamines and their derivatives.
Middle East Conflict, Supply Chain Disruptions May Create Challenges For Domestic Economy — RBI Bulletin
Reserve Bank of India (RBI) at RBI head office in Mumbai.
Lumio eyes Series A round after $4 million seed funding
Lumio, a new home entertainment firm, plans to raise more funds. The company, started by ex-Xiaomi and Flipkart staff, already secured $4 million. Lumio aims to grow its range of premium televisions. It targets a growing market segment. The firm is also navigating supply chain challenges.
Condoms to turn costly: Durex supplier Karex set to hike prices by up to 30% as Iran war hits supply chain
The world’s leading condom manufacturer relies on a range of petrochemical-linked materials — such as ammonia used to preserve latex, ethanol for packaging and printing, and silicone oil to lubricate each condom.
Alcobev margins to drop 150–200 bps as glass bottle shortage drives up costs: Crisil
India's alcoholic beverage industry is grappling with profit pressures this financial year. The skyrocketing costs of glass bottles, attributed to global supply chain disruptions, are set to impact earnings significantly. The pace of revenue growth is also anticipated to decelerate. Nevertheless, companies are adopting careful financial strategies to navigate these turbulent waters.
Alaya By Stage3 raises seed funding to scale AI-led expansion in India’s ethnic wear market
Alaya By Stage3, an Indian wear brand, secured seed funding. The capital will boost operations and supply chain. AI integration will enhance efficiency. The company aims for Rs 50 crore ARR in two years. This investment supports growth in the ethnic wear market. Alaya By Stage3 plans a larger institutional round later this year.
GAIL says its LNG vessel Energy Fidelity flagged off from US; to bolster India's energy supply chain
GAIL's Energy Fidelity vessel with a carrying capacity of 174,000 cubic meter (cbm) was flagged off on April 20 and is now en route to India. The ceremony was presided over by India's Consul General in Houston, Texas, D C Manjunath, GAIL said in a statement.
ICICI Bank shares rise after Q4 results; Five factors why analysts are bullish
The management of ICICI Bank affirmed no concerns in its loan portfolio, particularly in business banking, due to the ongoing supply chain disruptions from the West Asia conflict, which JPMorgan believes is "comforting."