Domestic consumer goods companies expect market growth rates to improve by FY26 as the urban slowdown pangs may subside by then, executives at top FMCG firms said. Companies also expect mid-single digit price-led growth to drive the overall topline growth. This would come after multiple quarters of pricing decline due to benign commodity costs on
The government will have to look into why the industry has still not become competitive and demands for higher import tariffs keep coming up, while India’s import duties are at world average, a senior official said Wednesday. “The weighted tariff has come down substantially and it is at the world average level but there are
Global beverages major Coca-Cola has sold 40 per cent stake in its India bottling business Hindustan Coca-Cola Beverages Pvt Ltd (HCCBL) to Jubilant Bhartia Group. Though the company has not disclosed the amount of the deal, some media reports have pegged it at around Rs 10,000 crore. “The Coca-Cola Company today announced that it has
The telecom industry reported AGR growth of 7.1 per cent on-quarter and 13.1 per cent on-year during the fiscal second quarter to Rs 681 billion, showed data released by TRAI. The growth, stated an analysis report by JM Financial, was led by 15-17 per cent tariff hike undertaken by private telcos with effect from July
– By Mohit Khattar In a rapidly evolving market, how can QSRs retain their edge and continue to resonate with their customers? The answer may well lie in embracing technology. Technology can serve as that crucial bridge between brands and consumers, enabling richer and more personalized experiences. Understanding and addressing customer needs is essential to
The Shapoorji Pallonji Group, a construction and real estate conglomerate, has sold a 1,819.90 square-metre19,589.22 sq ft) land parcel in the upscale Juhu locality of Mumbai to Agarwal Holdings for Rs 455 crore. The transaction was executed through Shapoorji Pallonji Gwalior, a subsidiary of the Shapoorji Pallonji Group, and was finalised and registered in November.
HDFC Bank has leased 416,000 sq ft of office space in the Gigaplex complex, located in the Mindspace property of K Raheja Corp in Airoli, Navi Mumbai, for a period of 10 years. The banking major will pay an annual rent of Rs 24 crore, equivalent to a monthly rent of Rs 2 crore (Rs
Hindustan Unilever (HUL), the country’s largest consumer goods company, runs a network of 28 factories and 35 warehouses, producing over 75 billion units across 2,000+ products annually. This large operation is fuelled by advanced automation, digital analytics and artificial intelligence (AI) to ensure minimal disruptions to the production process. Yogesh Mishra, executive director, supply chain
EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded. The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving
Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA. In a regulatory filing, the company said that the orders will be executed largely during FY26
All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while
For stock market investors, few things are as exciting as corporate rewards such as dividends landing in their accounts, extra shares through bonuses, or stock splits making pricey stocks more affordable. And this week, there is a lot happening on that front. Some of the most watched stocks include Indian Railway Finance Corporation (IRFC), Power
The IPO market is back in action. After a relatively quiet spell, the primary market is heating up again with four new public issues set to open for subscription this week. Investors can look forward to one mainboard IPO and three SME IPOs hitting the Street, while two recently concluded issues will make their market
