With the fiscal third quarter earnings season now over, here is a look at how the FMCG industry performed during the last quarter. Elara Securities said that Nifty FMCG has underperformed Nifty 50 by 2 per cent (up at 10 per cent CAGR) since FY19. This, it added, has come after a strong 8 per
Air conditioner (AC) manufacturers may once again struggle to meet peak summer demand if it rises beyond a certain threshold, as the domestic production of compressors remains inadequate. The country currently produces around 6 million compressors annually, significantly short of the estimated requirement of 10 million units. The gap is primarily met through imports, mainly
B2B e-commerce platform Udaan has secured $75 million in Series G funding, the company’s co-founder and CEO Vaibhav Gupta announced during a townhall on Monday, according to sources. The round was led by UK-based M&G with participation from existing investor Lightspeed Venture Partners. During the townhall, Gupta also informed that the company is in advanced
India’s outsourcing landscape is undergoing a significant transformation, with 81% of organisations planning to increase outsourcing efforts over the next three to five years, according to Deloitte’s latest report, ‘The Outsourcing Compass: Decoding Strategies of Today’. This shift is driven by the growing demand for technological advancements, access to specialized expertise, and cost efficiency. As
Venture capital firm Lightbox Ventures is gearing up to raise a $200 million fourth fund. Managing director Sandeep Murthy discusses with Anees Hussain, the company’s strategic shift, and future plans. Excerpts: Q. What’s behind Lightbox’s recent structural changes? Initially, we relied on individual investors to drive value, but we’ve realised that investing and building require
Jio-bp, a joint venture between Reliance Industries and global energy major bp, aims to expand its retail infrastructure while enhancing customer experience to strengthen its presence in the downstream market. The company aims at expanding its electric vehicle charging stations to 100,000 in the next 10-12 years in line with the government’s push to support
In a coup of sorts, Reliance Industries Limited (RIL) has broken into the No. 2 spot in the FutureBrand Index 2024, surpassing global technology giant Apple. This is the first time an Indian company appears among the top three of the Index, which evaluates companies based on brand perception rather than financial performance. ALSO READZomato
The labour strike at Samsung’s Sriperumbudur plant in Chennai is set to escalate further, spreading to nearby industrial hubs as the Centre of Indian Trade Unions (CITU) announces fresh protests on February 20 and 21. The Samsung India Workers’ Union (SIWU), backed by CITU, will hold another round of talks with Samsung management in the
The beauty of SIP (Systematic Investment Plan) is that you can start with a small amount like Rs 100, Rs 250 or Rs 500 and gradually increase it. After capital market regulator SEBI gave its go-ahead to fund houses for low-value SIPs, many asset management companies (AMCs) have now allowed minimum investments starting from as
Indian employees are silently battling a mental health crisis, with limited access to affordable treatment due to gaps in insurance coverage. Long working hours, rising workplace stress, and economic uncertainties have made mental well-being a growing concern. Despite IRDAI’s 2018 mandate to treat mental health on par with physical health, most insurance policies exclude outpatient
Organised cables and wires manufacturers are expected to post a successive mid-teen growth next fiscal, building on an estimated 16 per cent increase in FY25, stated a report by Crisil Ratings. This, it added, will be on the back of rising investment in end-user segments such as power generation and transmission, railways and real estate
The quick commerce shares may be the toast of the town but BofA Securities is not convinced. The international brokerage firm has downgraded ratings for Zomato and Swiggy. It has cut the rating on Zomato to Neutral from Buy and Swiggy to Underperform. It expects losses to rise in the Q-com business over the next
TVS Motor Company, the two-wheeler giant, is making headlines as its shares trade ex-dividend. The company recently announced an interim dividend of Rs 10 per share for its eligible shareholders. But what does this mean for you? Here’s a breakdown of everything you need to know. TVS Motor record date: Are you eligible? The company
