India

Sebi to simplify process for issue of duplicate share docs

The Securities and Exchange Board of India (Sebi) is proposing to simplify the process for investors to obtain duplicate share certificates. The regulator suggested increasing the simplified documentation limit for duplicate securities to ₹10 lakh from ₹5 lakh, acknowledging the growth in market capitalization and investor portfolios. This move aims to reduce procedural burdens and enhance convenience for investors. Source link

India

Rupee settles 6 paise lower at 89.22 against greenback

The Indian Rupee saw a slight dip on Tuesday, closing 6 paise lower against the US Dollar at 89.22. Domestic equity market weakness weighed on the currency. Falling crude oil prices offered some support. However, foreign fund outflows kept the Rupee under pressure. This follows a significant recovery on Monday after hitting a lifetime low on Friday. Source link

India

India looking beyond Horlicks and Lux? A story of struggling HUL even as Sensex doubled in 5 years

Hindustan Unilever faces challenges as its growth slows. Traditional brands like Horlicks and Lux are seeing reduced demand. New-age competitors are gaining ground in beauty and personal care. Home care remains a strong segment. HUL is implementing strategies for volume recovery and sharper segmentation. Investors anticipate steady growth rather than rapid returns. Source link