Nestle leans on pricing for Q2 boost; pet foray holds promise https://ift.tt/HuDmg3M overall growth has been pricing-led with material cost inflation eating into the company's profitability. There has been a 24% jump in raw material costs and a 20% increase in other expenses over the same quarter a year earlier. The management, in the company's earnings call, mentioned 2022 inflation being five times the past trend.
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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