Wed, May 1, 2024 11:00 AM
Gillette India Q3 Results: profit falls by 3.52% YOY
A Flip by Shubhangi Gupta
Despite the Reserve Bank of India providing a new selection of securities for government bond buybacks, such operations continued to face hurdles for the third straight time as the central bank rejected most bids. The RBI likely did so due to high prices, or low yields sought by banks for selling bonds back to the government, debt market executives said.
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On Blinkit, you can shop for Sony’s latest gaming console. On Zepto, there are portable bluetooth speakers. Quick commerce companies are slowly diversifying beyond what they are mostly known for—grocery. Larger e-commerce companies are worried. What is Flipkart’s plan? According to multiple current employees, the company is looking at a larger assortment of categories.
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Global brokerage Jefferies is bullish on CMS Info Systems and has added the stock among its top-picks in the mid-cap space over healthy top-line growth and rise in annual profits. The brokerage has raised the target price of the stock by 40 per cent to ₹600 from the previous ₹460 and maintains its ‘buy’ rating. However, Jefferies added that the scale-up of new segments.
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