Nestle India’s growth may continue to be under pressure if the raw material prices remain elevated and urban demand is muted, analysts said. However, in the long run, its “RUrban” strategy may prove beneficial. Under it, Nestle India, which counts urban India as its majority consumer, aims to increase the company’s reach in rural and
JSW Steel has entered into a share purchase agreement to acquire 100% equity shares of thyssenkrupp Electrical Steel (tkES) through a 50:50 joint venture with Tokyo-headquartered JFE Steel for Rs 4,051.4 crore, the Sajjan Jindal-led steel company announced to the exchanges on Friday evening. The acquisition will be executed through Jsquare Electrical Steel Nashik, a
Tata Consumer on Friday beat Street estimates, reporting an almost 8% increase in net profit for the quarter ended September 2024 (Q2FY25) to Rs 364 crore, compared to Rs 338 crore in the same period last year. Analysts polled by Bloomberg had projected a net profit of Rs 343 crore for the quarter under review.
The recent reduction of over 20% in the allocation of Administrative Price Mechanisms (APM) gas to city gas distribution companies by GAIL India is expected to result in an increase in the prices of CNG (Compressed Natural Gas), as per analysts. As communicated by Indraprastha Gas and Mahanagar Gas, the government has decided to cut
India’s merchandise exports in the first half of FY25 rose at a modest rate of 1%, owing to slowdown in global demand, decline in oil prices, higher logistics costs for exporters, and of course, declining competitiveness in certain segments. The outlook for the second half is however of slight improvement, even as the current external
Donald Trump taking the oath as the US President for the second time saw US markets soar. The entire world watched closely how Trump might shape his possible economic policies. There were concerns that if Trump implemented his protectionist policies, as widely anticipated by experts, it could impact the global economy and markets adversely, though
Hindustan Unilever has bought 90% stake in Minimalist for an enterprise value of Rs 2,955 crore. This premium beauty brand, found in in 2020 by Mohit Yadav and Rahul Yadav has an annual revenue run rate of over Rs 500 crore and the business has been profitable since inception. HUL also plans to will acquire
By Shanthi Rexaline A new grouping of stocks dubbed ‘BATMMAAN’ that promises above-market returns has taken Wall Street by storm. These stocks, all from the high-flying tech sector, have fueled the U.S. bull market since October 2022. Meanwhile, India’s market has enjoyed an even longer bull run, with key indices trending upward since the onset
8th Pay Commission News: Ever since the Modi government announced its decision to set up the 8th Pay Commission, there have been all sorts of speculations among central government employees and pensioners about possible salary and pension hikes, the dates when the panel’s recommendations would be implemented, and other measures that the commission might recommend
Hindustan Unilever (HUL) has demerged its ice cream business through a scheme of arrangement approved by the Board on January 22. The FMCG major announced the demerger while reporting its quarterly results for the third quarter of FY25. The company will list Kwality Walls (India) separately, which it incorporated on January 10, 2025. HUL demerger
