Tata Consumer’s MD & CEO Sunil D’Souza believes that food inflation is putting pressure on urban spending, which is taking a toll on out-of-home consumption. In a conversation with FE, D’Souza throws light on the company’s strategy in the wake of inflationary concerns and whether volume growth will continue be weak. He also indicates how
Shares of some Tata Group companies, especially Tata Chemicals, gained on Monday as speculation over the listing of Tata Sons drove hopes of value unlocking for investors. Tata Chemicals, which holds a 3% stake in Tata Sons, was one of the biggest gainers as it rose over 9%. It could be the biggest beneficiary of
Jeep India has launched the facelift version of the Meridian starting from Rs 24.99 lakh, ex-showroom. Jeep has slashed the price of the 2025 Meridian by over Rs 6 lakh. It is available in four variants and comes in two versions — 5 and 7-seater. This is the first time the Meridian is available as
Tyres. There are a plethora of choices for motorcycle tyres, however, in India, the choices are limited due to the government’s mandate for BIS certification. With limited choices, a new brand is always welcome and this time around, it’s from Reise Moto, in the form of the traceRAD. Aimed at sub-500cc motorcycles, the traceRAD promises
In collaboration with Google Cloud, JSW MG unveiled two AI chatbots, using Riafy (an AI app developing company) named as Avira and Vir, to improve customer interactions and service. The chatbots powered by Google Cloud’s PaLM 2 technology, a large language model developed by Google, will be available on various platforms, including the MG website
Aditya Birla Group’s UltraTech Cement on Monday missed Street estimates on all the key fronts during the July-September quarter, primarily because of slowdown in demand due to monsoon and project delays which hit price realisations. The company’s net profit fell 36% year on year to Rs 820 crore, while revenue from operations was down 2.4%
It’s an action-packed morning on D-street on October 22. Hyundai Motor India will be listed on the bourses on October 22. Also, investors will assess the first quarterly results of Bajaj Housing Finance after it is listed last month. That apart Waaree Energies IPO continues to garner investor interest. The Hyundai IPO concluded with the
With investors shifting their focus to China, the momentum of flows into India-focused offshore funds has taken a sharp hit this month. Besides, weak domestic earnings growth also led global investors to rethink their short-term fund deployment strategy. The average weekly inflows into these funds in October have been $138 million, less than half of
Reliance Consumer Products (RCPL), the fast-moving consumer goods arm of Reliance Industries, launched Raskik Gluco Energy on Monday, stepping into the hydration category. The foray will see RCPL take on players such as Tata Consumer Products, which has Tata Gluco Plus, and Dabur, which recently launched Dabur GlucoPlus-C priced at Rs 10 for a 160-ml
The SKA Group has launched its ultra-luxury housing project SKA Divine in Wave City, Ghaziabad. The group intends to invest Rs 150 crore in this project and anticipates generating Rs 900 crore in revenue. Located along the Delhi-Meerut Expressway, the development spans approx. 5 acres, featuring 536 premium apartments across 27 floors in 3 towers
Titan’s standalone business registered a 24% year-on-year growth, the Tata Group company reported on Monday while providing an update for the December 2024 quarter. The company’s jewellery business, in particular, grew 26% year-on-year, driven by strong festive demand. Robust consumer traction during Diwali resulted in high single-digit buyer growth, along with double-digit growth in ticket
Benchmark equity indices recorded their biggest single-day loss in three months on Monday, as a barrage of bad news hits investor sentiment. Concerns over the human metapneumovirus (HMPV), disappointing Q3 business updates from banks and uncertainties surrounding new US economic policies were the key headwinds. At the same time, the fall in ITC stock due
The markets extended loss and ended in the red for the second straight session. The Sensex fell 1,258 points, or 1.6%, closing the day at 77,965, while the Nifty declined 382.95 points, or 1.6%, ending at 23,621.80. ITC is among the top index losers followed by metals, power and select banks. However, some stocks saw significant
