Fri, Apr 19, 2024 2:37 PM
Exclusive | Expect margins to be stable in the coming quarters: HDFC Life
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The board of Federal Bank is in advanced stages of searching for a new chief executive officer and managing director (CEO and MD) for the bank, said Shyam Srinivasan, CEO and MD.“There is a bank board established search panel, and they are in advanced stages. The process is well underway. The board has submitted a long list of names to RBI, including our two senior internal candidates,”.
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Dabur’s rural growth in March quarter has been growing ahead of urban market by 400 bps driven by the company’s increasing rural footprint. Furthermore, the company has broadened product offerings in rural markets by introducing new affordable and rural-specific packaging across various categories, the company said in an exchange filing.
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Motilal Oswal's research report on Shoppers Stop. Shoppers Stop (SHOP) reported 4% YoY growth in EBITDA (6% miss) in 4QFY24, as 9% YoY revenue growth was offset by inventory write-off and GM contraction of 270bp YoY. However, controlled costs supported EBITDA margin, which declined 70bp YoY. Outlook Persistent weakness in discretionary demand hinders revenue growth, with weak SSSG.
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