In another sign of demand compression and stiff competition particularly regional, Hindustan Unilever reported a bigger-than-expected fall in fourth-quarter profit on Wednesday
Foreign institutional investors are continuing to sell India. FIIs net sold Rs 11,867 crore worth of stocks in the cash segment last week, taking the total monthly outflow to Rs 22,229 crore thus far in April
The stock markets started giving into selling pressure, due to the overhang of high interest rates, funds moving back to bonds and tensions in the middle east.
The 10-year Indian government bond yields rose to 7.14%, similar to US Treasury yields which went up after strong economic data further pushed back expectations around the timing of the first rate cut by the Federal Reserve
For The Core Report Weekend Edition, The Core’s Govindraj Ethiraj spoke to Vineet Nayar about where the Indian IT sector is heading, digitalisation, challenges and more