Automobile company Tata Motors, metals and mining major Vedanta, oil marketing firm Bharat Petroleum Corporation (BPCL), private sector IndusInd Bank, and two-wheeler major Bajaj Auto have witnessed their market cap slip below the Rs 1-trillion mark this year.
Promoters' holding in private sector BSE 500 companies declined to 43.4% in Sept
The regional players are outrightly opposed to the idea, while MNCs are looking for procedural changes that, they say, will align the labelling criteria with global practices.
As Unilever's COO, he is expected to take significant load off CEO Alan Jope, pushing growth across markets and driving go-to-market activities.
'Even the most basic water amenities, people like us used every day, didn't exist there at all.'
Company may look at 5-6 launches a year as the market for premium and niche products grows
FMCG giant Unilever CEO Paul Polman and technology major Intel President Renee James on Tuesday met Prime Minister Narendra Modi as a slew of global corporatehonchos continue to line up to express their intention to invest in India.
FII investments, movement of rupee against dollar and crude oil to influence trading
Names such as Danone, Dabur, Mondelez and Abbott Healthcare have also figured on the list of suitors.
FMCG CEOs indicate that the market should stabilise post the general elections and that some growth should make its way back especially in rural areas
Nearly all FMCG companies like Marico, HUL, ITC and the rest have been indicating that the operating environment has been challenging, with drop in consumption, especially in rural areas, severe crunch in market liquidity conditions, and disruptions and floods in several parts of the country. To overcome this, they are boosting their direct reach in the countryside.
Hindustan Unilever Ltd, India's largest personal care product maker, on Tuesday reported a better-than-expected increase in its September quarter net profit and revenues, signalling a revival of demand following the world's biggest lockdown.
Wipro rose the most, up 3.12 per cent, ahead of its board meeting to discuss buyback of shares.
The Street was hoping that investors will lap up shares of high-dividend companies on optimism that their payouts will increase further, thanks to the 20 per cent tax saving. However, the trade failed to materialise as wealthy investors stayed away fearing high tax outgo, and experts raised doubts on whether companies would actually increase cash dole outs.
The industry began to upgrade its practices even before the NGO alleged Indian tea contained harmful pesticides.
The country's largest consumer goods company Hindustan Unilever says it has been able to reduce its water use by regular metering, monitoring and controlling of utilities consumption at all its manufacturing sites
Companies from Unilever to Proctor & Gamble, Nestl, Coca-Cola and PepsiCo have all alluded to lockdown challenges in India and the globe as well as the impact it will have on April-June as well as full-year numbers.
Morgan Stanley expects the central bank to cut rates this week, 125 bps in cuts through 2015.
Patanjali, to a large extent, has penetrated the target group for its products. As a result, increasing the consumer base and revenue by 100 per cent in FY18 will be a stiff challenge.
In five years, royalty payments have grown 31.1% yearly, much faster than rise in revenue and profit.
Reliance Industries was the only stock which defied the broader market trend
From helping their employees infected with the Covid-19 virus to vaccinating them or supporting the families of those who might have succumbed to the infection, several companies in India are trying to do their bit in this difficult time. Some have even widened their support net to include all stakeholders as well as an extended community. To the families of the employees it lost to Covid-19, Noida-headquartered IT services and consulting company HCL Technologies is, for instance, paying salary for a year, medical insurance for three years and extending support for their children's education for five years.
Profitability and cash reserves have halved since the global financial crisis.
What does one make of Ramdev's recent allegations that MNCs are conspiring against Patanjali?
In the coming months, Lever Ayush will venture into categories beyond soaps, shampoos, toothpastes, lotions and moisturisers, its current segments of operation, as it seeks to give the brand a horizontal push.
HUL, UltraTech, Asian Paints, L&T, HDFC Bank top global valuation charts
Asset financing firms are still witnessing subdued demand and meaningful recovery is likely only in FY16, the report said.
Business leaders, among others, ask govt to let go of fiscal target, seek stimulus, and direct cash transfer.
In 2019, the growth in sales of the Maggi brand of products surpassed the pre-ban level of 2014, in terms of both volume and value. While, Nestle raised prices of Maggi products by an average 3.1 per cent, its volume rose by 9.6 per cent year-on-year.
Across the country, companies have stepped up their act to contain the crisis. IT and other new economy firms seem to have taken a lead.
Footfalls will invariably come down to a trickle even after lockdown restrictions go away, and the only way to prevent someone else from poaching your consumer is to go down to the consumer herself. Consumers will prefer products and services to be delivered to their doorstep, hygienically and safely.
Anglo-Dutch parent's stake in Indian subsidiary rises from 52.5% to 67.3%.
The surge in IT, auto and FMCG stocks were led by investors seeking safety against market volatility.
Consumer goods, durables, automobiles worst hit.
One of the oldest living brands in the country, Horlicks has been innovative in its approach, which helped it survive intense competition
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
There was broad-based rally with participation across sectors creating enormous wealth for investors but starting 2018, the rally got concentrated into select large-cap companies with under performance in broader markets.
The top line growth for the 500 companies slowed down to 8.7 per cent.
The 50-share NSE Nifty ended flat, up 5.80 points, or 0.06 per cent, at 10,308.95.
The NSE Nifty ended up 19.65 points, or 0.20 per cent, at 9,788.60 after shuttling between 9,854 and 9,775.35 during the day.
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