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ICRA's Chief Economist, Aditi Nayar, projects a slight rise in WPI inflation to 2.5-3% this month, diverging from CPI but converging by December. She anticipates CPI inflation cooling to 5-5.1%, potentially prompting a February rate cut. While a record trade deficit was driven by gold imports, Nayar expects moderation, forecasting a full-year current account deficit of 1.3-1.4% of GDP.
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Tata Consumer is a very different business compared to where it was even till last year and very-very different from where it was four or five years ago. And it is this capital allocation intensity of some of our consumption picks, which is what we are trying to play rather than the standard FMCG of a little bit of market share gain in the existing categories and nothing new in terms of capital allocation beyond the core.
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Hubtown focuses on debt reduction and land monetization. The company aims for zero debt in the coming years. It will leverage prime land holdings, including a 150-acre Thane plot. Hubtown has a 30 million square feet portfolio. Ongoing projects include 25 Downtown and Hubtown Seasons. Upcoming projects include 25 Estates and 25 Vistas. The company recently raised Rs 1,250 crore.
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CSB Bank's stock surged after a meeting with WhiteOak Capital. The bank's shares saw a 7.7% jump. This followed a 9.91% rise over the past month. The bank's net profit grew by 3.9% in the September quarter. Net sales increased by 25.8% during the same period. However, the stock has declined over the longer term.
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European car makers are increasing petrol car prices. They are also discounting electric vehicles. New EU emission rules are forcing this change. Car companies must sell more electric vehicles. They face large fines if they do not meet targets. The industry is worried about lower profits. Some companies are already pooling emissions.
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