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FMCG companies in India reported mixed earnings for the March quarter of FY23, with some companies showing strong volume and margin growth while others fell short of expectations. The sector is viewed as a defensive investment during uncertain times.
Paytm's founder Vijay Shekhar Sharma seems all set to silence his critics by achieving positive operating profit for the fintech. We find out how he managed this turnaround for the unicorn after its anticlimactic IPO listing and uninspiring revenue growth between FY18 and FY21. Read Now.
The March investment was mainly driven by bulk investment in the Adani Group companies by the US-based GQG Partners. Barring this, the net flow is negative
With this, net inflows by Foreign Portfolio Investors (FPIs) reached Rs 16,365 crore in 2023 so far, data available with the depositories showed.
The net inflows by Foreign Portfolio Investors (FPIs) reached Rs 16,365 crore in 2023 so far, data available with the depositories showed.