September quarter results were a mixed bag for India Inc. While the combined net profit of consumer goods companies declined, profits for financials and commodity producers rose sharply
FMCG firms, which are facing inflationary pressure on their key raw material inputs, are considering marginal hike on their products price to offset it
Inflation continues to be high and food prices are going through the roof. In fact, retail inflation climbed to an eight-month high in September, and wholesale inflation to a seven-month high.
Coronavirus outbreak could cause a dent to the recovery of the Indian economy amid supply chain disruptions and inflationary pressures, a report said on Thursday. According to Dun & Bradstreet's Economy Observer report, manufacturing companies could face production disruptions if the length of the outbreak gets prolonged and their supply chain is not restored to normalcy. "The outbreak of coronavirus, through the direct and indirect linkages of trade and commerce and global supply chain, could impact Indian companies," said Arun Singh, Chief Economist Dun & Bradstreet India. Singh further said that inflationary pressures are likely to rise, at least in the short term, through the channels of uncertainty and disruption in the supply chain. The coronavirus outbreak has brought a large part of the world's second-largest economy China to a standstill and its impact has been felt across industries. On January 30, the World Health Organization (WHO) declared the coronavirus ...
On the Reserve Bank's policy stance the report said, a rate cut is likely in August as the MPC will want to wait for good rains, like 2017, given the added uncertainty about agflation