Following news that Tehran is prepared to give up its nuclear program, the major stock indices Sensex and Nifty recovered on Thursday, ending a three-session losing skid. Over the preceding three sessions, both indices had declined by almost 4%. At 80,092.06, the Sensex increased 975.88 points, or 1.23 percent. The whole Nifty increased 323.65 points,…
A major source of income for India’s software exporters, the demand for large-scale, human-led coding and IT support services may decline due to rapid advancements in generative artificial intelligence. This is why foreign institutional investors (FIIs) sold over Rs 10,956 crore worth of information technology stocks in the first half of February. Due to this…
In the first few months of this year, the FMCG industry in India is predicted to rise by 5%. A Worldpanel survey claims that the industry is seeing a significant uptick because of favorable macroeconomic data. According to Worldpanel’s December FMCG Pulse survey, food inflation is negative, inflation is low, and India’s GDP estimates have…
According to the most recent study, the Indian FMCG sector’s sales growth slowed to 5.4% in volume during the September quarter due to disruptions caused by adjustments in the GST rate, but value growth increased to 12.9%. According to the survey, sales in rural areas continued to surpass those in urban areas for the seventh…
Retail inflation figures for October have reached their lowest levels ever. The October print came in at 0.3% due to food inflation dropping to -3.7% from -1.4% YoY in September and GST reductions in apparel, transportation, and healthcare easing core inflation outside of commodities. Although this near-zero figure appears optimistic on the surface, what does…
On January 22, the Board adopted an arrangement that allowed Hindustan Unilever (HUL) to decomming its ice cream business. While releasing its quarterly results for the third quarter of FY25, the FMCG giant revealed the demerger. The company will separately list Kwality Walls (India), which was incorporated on January 10, 2025. Shares of the new…
The company announced in an exchange filing on Monday That It plans to withdraw from Adani Wilmar, the FMCG joint venture between its subsidiary Adani Commodities LLP (ACL) and Wilmar International-owned Lence Pte, to concentrate investments on its core infrastructure business. It stated that the $2 billion raised from selling its Adani Wilmar stake would…
Monday decreased for the second consecutive day as the main indices were impacted by fast-moving consumer goods (FMCG) companies and other geopolitical worries. After trading in a range, the Sensex ended the day down 200.66 points, or 0.25%, at 81,508.46. Likewise, the NSE’s Nifty 50 declined 58.80 points, or 0.24%, to close at 24,619 after…
Adani Wilmar declared a profit of Rs 311.02 crore for the fiscal second quarter on Thursday, compared to a loss of Rs 130.73 crore for the same period in FY24. It reported operating income of Rs 14,460.45 crore, a 17.9% increase over Rs 12,267.15 crore in the same period of the previous fiscal year. EBITDA…
In the week ending on September 20, the Indian market maintained its recent upward trend and set a new record as investors welcomed the Fed’s unexpected 50 basis point interest rate drop. The decline in unemployment claims, a strong FII inflow, and the possibility that the RBI will adopt the Fed’s stance at its next…
