HUL's better-than-expected Q1 show to support stock in volatile market https://ift.tt/0jLolq9 sales increased 19.5%, net profit 11% and volumes grew 6%. While the home care segment posted 30%+ growth in topline and bottomline and maintained its margin, the other segments of personal care and food & refreshments suffered on the margin front.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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