Home-grown FMCG major Marico expects to deliver a double-digit revenue growth in FY25 helped by sequential improvement with price hike and better volume, its MD & CEO Saugata Gupta said. However, he also mentioned that as far as profitability is concerned there is inflationary pressure on the material inputs in the second half of FY25
Bacardi, known for its flagship rum of the same name, Grey Goose vodka and Bombay Sapphire gin among other labels, has stepped up its investment in India amid a premiumisation wave in alcoholic beverages. India has been identified as Bacardi’s top-five growth markets, Vinay Golikeri, managing director, Bacardi India and neighbouring countries, told FE. ALSO
The Adani Group has released its Tax Transparency Reports for the financial year 2023-24, highlighting a substantial increase in its contributions to the exchequer. The group’s total global tax and other financial contributions amounted to Rs 58,104.4 crore, marking a sharp rise from Rs 46,610.2 crore in the previous fiscal year. ALSO READUS SEC seeks
Amid a global supply glut, difficult weather and falling demand worldwide, which has hit a 27-year low (as per a World Spirits Alliance report), Indian wines continue to show signs of resilience and adaptability, with insiders anticipating the market to grow by as much as 10-15% in the next 3-5 years. At the forefront of
The process to modernise Semi-Conductor Laboratory (SCL), country’s first chip fabrication unit, has finally started. The company has invited bids to improve the existing 180 nanometre (nm) fabrication line at an estimated cost of around Rs 4,000 crore, officials said.The augmentation and enhancement of the existing 8 inch fab, which uses 180 nm technology node
The Adani group is planning to invest Rs 30,000 crore in Kerala over next five years, a top official of the company said here Friday. The investments include Rs 5,500 crore on expanding the operations of Trivandrum International Airport and an additional Rs 20,000 crore investment in the Vizhinjam port. “The Adani group has already
Food delivery giant Swiggy on Friday announced a Rs 1,000 crore investment in its supply chain subsidiary, Scootsy, following board approval.This comes after a Rs1,600 crore infusion into Scootsy in December, underscoring Swiggy’s aggressive push into supply chain and logistics. In a stock exchange filing, Swiggy stated that the investment will be executed via a
The process to modernise Semi-Conductor Laboratory (SCL), country’s first chip fabrication unit, has finally started. The company has invited bids to improve the existing 180 nanometre (nm) fabrication line at an estimated cost of around Rs 2,000 crore, officials said.The augmentation and enhancement of the existing 8 inch fab, which uses 180 nm technology node
The mid and smallcap stocks are trading higher following the overall benchmark indices. The BSE Smallcap index is up over 2% at 44,811.53 around 12.15 PM. Market participants said that the surge in the mid and smallcap stocks is on the back of positive sentiment across Dalal Street and value buying. Not just the small
The markets are seeing a steady upmove and the bank stocks are among the star performers in trade today. Nifty Bank Index surged over 600 points and ICICI Bank, HDFC Bank are among the key gainers. Kotak Mahindra Bank hits 52-week high as the Sensex soared over 850 points to cross 75,000 and the Nifty
Go to Live UpdatesTata Motors Share Price Today Live Updates, 18 Mar, 2025: The Tata Motors share is in news and the counter closed trade on 17 Mar, 2025, at Rs 660.9. The shares touched an intraday high of Rs 666.15 in the last trading session while the intraday low was at Rs 657.5. The
March 31 is the last day of the financial year, which is considered a very important date for taxpayers and investors. If you have not yet made the necessary investments to save tax or some important financial work is pending, then it is very important to settle them this month. Whether it is taking advantage
Investing in mutual funds can significantly contribute to wealth accumulation over time. Interestingly, these investments can also serve as collateral for securing a loan. Lenders may consider your mutual fund holdings as a guarantee, allowing you to obtain loans at competitive interest rates. Prior to approving the loan, lenders will evaluate the value of your
