Services companies reported an increase in new work intakes, which they attributed to successful marketing efforts and strengthening demand.
Jhunjhunwala bought 30 lakh shares of Man Infraconstruction for Rs 11 cr.
India will play three ODIs in New Zealand beginning January 24 as part of the ICC Women's Championship before playing three T20 Internationals.
However, the government's draft policy on e-commerce companies has forced consumer companies to also adapt to the changes. For Dabur India, e-commerce channel continues to be a key driver of growth in urban India. The contribution of online sales to its entire portfolio is at six per cent compared to 1.5 per cent before the pandemic.
Veteran Mithali Raj's retirement from the T20 format paved the way for the induction of youngsters such as 15-year-old rookie Shafali Verma in the Indian women's team for the upcoming home T20 Internationals against South Africa.
With a revival in demand and consumption, FMCG companies are looking forward to 2022 with positivity and hopes of sustaining a healthy growth trend across both rural and urban markets while gearing up to cater to the ever-increasing digitally active consumers and tackle the challenge of higher commodity prices. Health and wellness and convenience are going to remain key trends and FMCG companies are strengthening their core brands, driving premiumisation across their portfolios with targeted innovations as consumers are gravitating towards trusted brands looking for quality, purity and hygiene, in continuation of the trend that started since the pandemic last year. FMCG makers are accelerating digitalisation and are investing in building capability in e-commerce and Direct-to-Consumer channels, identifying it as a key vector of their growth as the threat of a possible third wave is still not away.
Despite near-term headwinds of rising input costs and the possibility of lower demand for products as Covid dented rural & urban India, and impacts both production & consumption, analysts remain bullish on stocks of fast moving consumer goods (FMCG) companies and expect the index to relatively outperform its peers in the second half of fiscal 2021-22 (FY22). In the past one year, prices of key commodities such as groundnut oil, mustard oil, Vanaspati, soya oil, sunflower oil and palm oil have shot up in the range of 20 per cent to 60 per cent, data show. The FMCG sector macros in this backdrop, according to analysts, have further deteriorated because of weakness in consumer demand and likely margin pressure due to elevated crude oil, palm oil and global food prices.
IT services major HCL Technologies is looking at hiring about 20,000 people over the next two quarters to meet the demand coming in on the back of strong growth in deal signing and adoption of digital services. The Noida-based company, which crossed $10 billion milestone in the calendar year 2020, had 159,682 employees at the end of December 31, 2020. It saw a gross addition of 12,422 people, while net addition during the December 2020 quarter was of 6,597 people. Attrition for IT services (on last 12 month basis) was at 10.2 per cent.
Take a look at the arrivals.
Sanjiv Mehta, chairman of the country's largest consumer goods company, HUL, believes that the second wave of the Covid-19 pandemic between April and June this year has been a mere pause in India's consumption story, and that it will not change the country's overall growth trajectory. India is poised for growth, especially in the fast-moving consumer goods (FMCG) sector, Mehta told shareholders at the company's annual general meeting on Tuesday. The signs of recovery are becoming evident with many states lifting lockdown restrictions in recent weeks.
What did Bollywood do on Wednesday?
Harmanpreet Kaur will lead a 15-member Indian team at the sixth ICC Women's World Twenty20 to be held in the West Indies from November 9 to 24.
Jazbaa hits screens October 9.
A summary of sports events and persons who made news on Friday
Mithali Raj will lead the India Blue team in the Senior Women's T20 Challenger Trophy, beginning August 14 in Alur, Bengaluru.
Most candidates of the Arvind Kejriwal-led party secured less than 1,000 votes in the two states and were set to lose to their security deposits.
The 37-year-old cricketer, who retired from T20s last September, remains India's ODI captain and plans to carry on till the 2021 World Cup.
Veteran Jhulan Goswami's four-wicket haul was beautifully complemented by Smriti Mandhana's sparkling half-century as Indian women outplayed South Africa by nine wickets in the second ODI to level the five-match series 1-1, in Lucknow, on Tuesday.
Not considered among the top T20 teams in the world, India produced a power-packed performance, winning the opener against a formidable New Zealand side by 34 runs after skipper Harmanpreet Kaur's 51-ball 103.
India's services sector activity surged to a seven-year high in January driven by sharp increase in new business orders, leading to job creation and business optimism amid favourable market conditions, a monthly survey said on Wednesday. The IHS Markit India Services Business Activity Index rose from 53.3 in December to 55.5 in January, signalling the strongest upturn in output in seven years.
With supply of mobile chipsets running dry, manufacturers here are left with no option but to hike prices once again, making it the fourth round of increase in 2020.
Kresha Bajaj's store launch had plenty celebs in attendance.
Faster account opening, which allows investors to start trading without ever leaving their homes or visiting a physical branch of their local brokerage has played a role in the surge.
Their lives, spent in a state of chronic hunger and deprivation, are a telling indictment of India's porous social security net, says Geetanjali Krishna.
'We need to work on our partnerships as batters'
The IHS Markit India Services Business Activity Index stood at 5.4 in April, an extreme decline from 49.3 in March, and indicative of the most severe contraction in services output since records began in December 2005. As per the IHS Markit India Services Purchasing Managers' Index (PMI), a print above 50 means expansion, while a score below that denotes contraction.
FMCG firms such as ITC, Parle Products, Marico, Emami, PepsiCo India and CG Corp Global on Wednesday assured uninterrupted supply of their products based on the learnings from the last year's lockdown, even as surge in COVID-19 cases in India forced Maharashtra to declare a 15-day curfew while other states also imposing various restrictions.
Mobile phones, televisions, refrigerators, laptops and stationary items will be allowed to be sold through e-commerce platforms like Amazon, Flipkart and Snapdeal from April 20 during the lockdown, officials said on Thursday. The clarification from a senior home ministry official came a day after Union home secretary Ajay Bhalla issued revised guidelines for the extended lockdown period till May 3.
Mansi Hemdev is an entrepreneur -- and a very young one, at that. At the age of 21, she already owns her own cafe in Chennai. rediff.com's Ganesh Nadar caught up with this enterprising young lady to learn more about her business and career success.
The hosts cannot afford to take England lightly, as the visiting team boasts of some of the big names in women's cricket.
Buoyed by the historic para-badminton World Championships gold, Manasi Joshi has now turned her eyes on making the cut for next year's Paralympics. She will focus on mixed doubles, as SL3 category is not part of the Tokyo Games.
Cast members and producers gathered at the Club in Andheri, a western Mumbai suburb, to attend the bash over the weekend.
Mansi Manchanda from Delhi writes about her elder brother Sahil.
Tackle your hair and skin problems with expert help from Dr Dinesh Jain.
The Supernovas, led by Harmanpreet Kaur, have been invincible so far winning all the previous two editions.
India will be looking to erase the memories of a heart-breaking World Cup final defeat last year when they take on England in the semi-finals of the ICC Women's World T20 on Friday morning (IST).
Take a look at the arrivals of the Chivas 18 Alchemy event.
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