Wed, Jan 22, 2025 2:18 PM
Buy Indostar Capital Finance; target of Rs 325: Motilal Oswal
A Flip by Swapnil Tiwari
Hindustan Unilever has stepped up on its localisation strategy for palm and its derivatives, acquiring the palm undertaking of Telangana-based Vishwatej Oil Industries. HUL said the company aims to build supply chain resilience for palm derivatives, and will build infrastructure for palm oil collection and processing.
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As interest rates begin to fall following the Fed’s recent rate cuts, it’s more important than ever to ensure you’re earning a competitive rate on your savings. One option you may want to consider is a money market account (MMA). These accounts are similar to savings accounts — they offer interest on your balance, but may also include a debit card and/or check-writing capabilities.
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BPCL reported a lower-than-expected third-quarter profit on Wednesday, due to lower marketing margins and losses in its liquefied petroleum gas (LPG) segment. The state-owned company’s standalone net profit rose about 37% to 46.49 billion rupees ($538.6 million) in the three months ended Dec. 31. Analysts had expected a profit of 48.52 billion rupees, as per data compiled by LSEG.
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