Vivek Sharma

Radico Khaitan reports higher Q1 FY25 profit on growing premium alcohol sales

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Radico Khaitan reports higher Q1 FY25 profit

Radico Khaitan, a leading Indian liquor manufacturer, has reported a 13.4% increase in consolidated net profit for the first quarter of the financial year 2024-25 (Q1 FY25). This growth is attributed to strong sales of premium alcohol products.  This reflects the growing trend of premiumization in the Indian alcohol market. Radico Khaitan Limited, established in Read more: Radico Khaitan reports higher Q1 FY25 profit on growing premium alcohol sales..

RBI decided to maintain the repo rate at 6.5%; RBI Monetary Policy Meeting highlights

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RBI decided to maintain the repo rate at 6.5%

The Reserve Bank of India (RBI) has decided to maintain the repo rate, the key benchmark lending rate, at 6.5% during its bi-monthly monetary policy meeting held on August 6-8, 2024. This marks the ninth consecutive time that the RBI has kept the repo rate unchanged. RBI Monetary Policy Meeting Key Highlights: Repo Rate Unchanged: Read more: RBI decided to maintain the repo rate at 6.5%; RBI Monetary Policy Meeting highlights..

Tata Motors shares rise in early trade amid Moody’s upgrades corporate family rating

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Moody's upgrades corporate family rating of Tata Motors

Tata Motors shares have risen in early trade on Thursday, August 8, 2024, following Moody’s Investors Service upgrading the company’s corporate family rating by two notches to Ba1 from Ba3. Moody’s Investors Service upgrading Tata Motors’ corporate family rating by two notches to Ba1 from Ba3 signifies an improvement in the company’s creditworthiness and financial Read more: Tata Motors shares rise in early trade amid Moody’s upgrades corporate family rating..