Share prices were mixed in Asia on Friday after China reported its economy contracted by 2.6% in the last quarter as virus shutdowns kept businesses closed and people at home. U.S. futures and oil prices edged higher. The Shanghai Composite index lost 0.8% to 3,254.74. Australia’s S&P/ASX 200 dropped 0.8% to 6,596.90 and the Hang Seng in Hong Kong declined 1.9% to 20,347.96. Official data showed the Chinese economy shrank by 2.6% compared with the January-March period’s already weak quarter-on-quarter rate of 1.4%. Compared with a year earlier, which can hide recent fluctuations, growth slid to a weak 0.4% from …
HUL Q1 results preview: Profit, income to jump on-year but margins to be under pressure despite price hike
Hindustan Unilever (HUL) will report its quarterly earnings tomorrow, where analysts expect the FMCG major to report an on-year growth in revenue and net profits, however, margins are projected to remain under pressure. The growth in revenue will be backed by a price hike undertaken by the company and growth in volume, which will in turn aid the net profit. However, with raw material prices continuing to remain elevated, margins are likely to take a hit. HUL is an FMCG major selling foods, beverages, cleaning agents, personal care products, water purifiers, and other fast-moving consumer goods. The share price of …
Kasrawad Madhya Pradesh Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates
As anticipation mounts for the upcoming Kasrawad Constituency Election in Madhya Pradesh, voters are eagerly awaiting the big battle that kicks off with the announcement of key dates by the Election Commission of India. Here, we provide you with essential details about the Kasrawad Constituency Assembly Election 2023 that every voter should be aware of. Kasrawad Constituency Madhya Pradesh Assembly Election 2023: Voting Date The voting date for the Kasrawad Assembly Constituency Election 2023 has been officially announced by the Election Commission. As per the ECI, Kasrawad Assembly Constituency will go to polls on November 17. Stay tuned for updates …