The country's Fast-moving consumer goods (FMCG) industry witnessed a consumption slowdown in the December quarter, with an overall "negative" volume growth, as consumers continue to reel under inflationary pressure, says a report. According to the report released by data analytics firm NielsenIQ on Thursday, in October-December, the FMCG industry grew 7.6 per cent in terms [...]
The shares of Britannia Industries Limited shined on Thursday’s session after it zoomed by more than 4 percent to reach a 52-week high of Rs 4,595 in the early hours. It gained after the FMCG giant posted robust results. In Q3FY23, Britannia reported a total revenue of Rs 4,247.55 Crore, an increase of 17 percent [...]
The monthly vehicle sales of Ashok Leyland Ltd. rose by 37% year-on-year (y-o-y) in January 2023 to 16,198 units from 12,709 units in January 2022. The company provided its monthly business update to the stock exchanges yesterday. Ashok Leyland is the flagship company of the Hinduja Group. It is a leading Indian manufacturer of commercial [...]
State-owned Food Corporation of India (FCI) has sold 8.88 lakh tonne of wheat to bulk consumers like flour millers on the first day of e-auction conducted in 22 states, the food ministry said on Thursday. FCI commenced e-auction of wheat on February 1 under Open Market Sale Scheme (OMSS) for bulk users in order to [...]
The announcements for tweaking customs duties in certain sectors and measures to support MSMEs will help in boosting domestic manufacturing and the country's outbound shipments, exporters said on Thursday. Increase in capital investment outlay by 33 per cent to Rs 10 lakh crore, 50 years interest free loan to states to incentivise infrastructure investment, highest-ever [...]
After a volatile session on Wednesday on account of the Budget announcement, the Indian benchmark indices opened lower on Thursday. The NSE Nifty 50 Nifty fell 162.95 points or 0.92% to open at 17,517.10 levels and BSE Sensex slipped 408.92 points or 0.68% to 59,459.87. Despite weak market sentiments, here are 2 Jindal group stocks [...]
Sebi on Wednesday ordered the attachment of bank and demat accounts of Shivi Holdings to recover Rs 5.35 crore in a matter related to fund diversion case of Religare Finvest. Religare Finvest Ltd (RFL) is a subsidiary of Religare Enterprises Ltd (REL). The recovery proceedings against Shivi Holdings have been initiated to recover Rs 5.35 [...]
The shares of cigarettes maker ITC Ltd. surged 6.45% to hit their all-time high of Rs 384.70 during Thursday's first half of the trading session. The stock of Kolkata-based tobacco manufacturer has generated an impressive return of over 65% in the last twelve months. This is in sharp contrast to the previous trading session when [...]
The first G-20 Employment Working Group meeting will begin in Jodhpur Thursday afternoon to address priority labour, employment and social issues for sustainable, inclusive and job-rich growth. The first day of the three-day meeting will explore strategies for global skills, qualification harmonization, and developing a framework for common skill taxonomies. The panel discussion will be [...]
Measures announced in the Budget such as extending the period of incorporation of eligible budding entrepreneurs for providing tax incentives, would provide a lot of support to further strengthen the country's startup ecosystem, Commerce and Industry Minister Piyush Goyal has said. The government on Wednesday proposed to extend the period of incorporation of eligible startups [...]
