This festive season is expected to be a happy one for consumer durables companies, with most expecting to clock a sales growth of 40 per cent - double the amount achieved last year.
Restated numbers are better than the Street's expectations.
The two arms of L&TFH are L&T Finance, with its retail, micro-finance and corporate loan portfolio, and L&T Infrastructure Finance.
According to industry experts, chlorine is one of the most commonly used chemicals to purify water though not necessarily the best method to do so on account of its ability to produce disinfection byproducts, which are harmful chemical compounds.
At 10 per cent of the overall Rs 2,000-crore (Rs 20-billion) chocolate market, the premium segment is small. Yet, it is growing at a steady 30-40 per cent per annum, according to industry estimates.
The ball, explains the division's new head of marketing, Vidur Vyas, was set rolling a few years earlier, when Pepsi Foods cut saturated fats in key snack brands such as Lays and Kurkure by close to 40 per cent.
Borges has already launched the microwave variant under the Popitas brand in June this year.
Construction major Shapoorji Pallonji & Co will set up a real estate fund in the next one year. The fund will focus on investments in the domestic market, according to Shapoor Mistry, chairman of Eureka Forbes, a part of the Shapoorji Pallonji group.
While the merger will see the share of the promoter group increase by two percentage points, the move has also seen a few analysts raise concerns.
ITC, a competitor in fast moving consumer goods, is likely to extend its Vivel personal care range to deodarants and talcs.
The Kraft-Cadbury combine is likely to herald its presence in India with confectionery products. The reasons are evident.
As the buzz about UK-based SABMiller making an estimated $12-billion bid for Australia's leading premium branded drinks company Foster's beer business continues, India, say analysts, holds the key to the bid.
The rain gods, it appears, will play a role in the decision of fast moving consumer goods companies to either raise or maintain prices of their products in the second quarter of the financial year.
After 3G auctions, analysts worried over the likely rise in debt and pressure on margins
ICICI Bank's move to amalgamate Bank of Rajasthan (BoR) with itself at a 1:4.72 ratio indicates the bank would pay a premium of 89.4 per cent to Bank of Rajasthan's closing stock price on Tuesday.
Godrej to focus more on own brands as the licensing agreement with Sara Lee ends in two years.
Dabur has successfully transformed itself from a company known for its health supplement, Chyawanprash, to a multi-product, fast moving consumer goods (FMCG) player.
In what will be a cross-country movement of products, Godrej Consumer Private Ltd (GCPL) may introduce some of its international brands in India this year. The move is aimed at securing its presence at the premium end of the personal care market, a segment it is not too strong in.
In a bid to expand its haircare portfolio, Kolkata-based Emami is test-marketing a few products, including a shampoo, in Andhra Pradesh. The exercise should be completed in a few months, according to Harsh Agarwal, wholetime director at the company.
Key revenue generator, however, will continue to be advertising sales.
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