Asia-Pacific stocks set to drop; Japan’s retail sales, industrial output data ahead – CNBC
U.S. stocks rallied despite data showing second-quarter gross domestic product rose less than expected. Read More
reported by Weizhen Tan at CNBC
Nestlé India’s June qtr growth moderates, but stock is pricey – Mint
Nestle India shares have meaningfully underperformed the broader Nifty 50 index in the past one year. But valuations aren?t cheap, with the stock trading at around 60 times estimated earnings for calendar year 2022 Read More
reported by Pallavi Pengonda at Livemint
LIC Housing Finance Q1 net down 81% to Rs 153.44 crore on increased NPA provisioning – Moneycontrol.com
The housing finance company made a provision of Rs 830 crore for NPAs during the quarter. Read More
reported by at Moneycontrol
Read the full text of Uday Kotak’s message to shareholders of Kotak Mahindra Bank – Moneycontrol.com
“While India was amongst the hardest hit, the silver lining is that we have a tremendous opportunity before us to turn adversity into success for our people,” Uday Kotak said. Read More
reported by at Moneycontrol
Former Tamil Nadu minister takes break from politics to commit fully to running businesses – Moneycontrol.com
K Pandia Rajan, a former minister in the ousted AIADMK government in Tamil Nadu, says politics kept him from giving full attention to businesses of the Ma Foi group he founded. One of the companies CIEL HR is aiming to launch an IPO. Read More
reported by at Moneycontrol
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