Expect fast-moving consumer goods makers (FMCG) to raise prices again next month owing to raw materials, transport, labour and packaging material costs remaining high or becoming even costlier. Whether it is packaged wheat flour and basmati rice or biscuits and shampoos, these products will become 2-10 per cent more expensive. Adani Wilmar will hike the price of its packaged wheat flour by 5-8 per cent and of its basmati rice by 8-10 per cent next month.
Besides, the ongoing war between Russia and Ukraine has also added another blow to FMCG makers as they expect a rise in the prices of wheat, edible oil and crude. Companies such as Dabur and Parle are watching the situation and will undertake calibrated price increases to mitigate the inflationary pressures.
Special CBI Judge Prashant Kumar passed the order noting that the investigation was at its initial stage, and the accused was required to be quizzed.
The cases pertain to State Bank of India, Punjab National Bank, Andhra Bank, Oriental Bank of Commerce, Indian Overseas Bank, Allahabad Bank, Canara Bank, Dena Bank, Punjab and Sind Bank, Central Bank of India, Union Bank of India, IDBI Bank, Bank of Baroda, Bank of Maharashtra and Bank of India.
Services companies reported an increase in new work intakes, which they attributed to successful marketing efforts and strengthening demand.
In Aspirants, Abhilash, SK and Guri chase the IAS dream from Delhi's bustling Old Rajendra Nagar. They are like the tripod; we are constantly reminded about their deep bond, but I didn't feel the closeness, observes Sukanya Verma.
There are all sorts of genres on OTT, ready to cater to all of one's moods.
We bring you latest in our ongoing series of #India-Photos. So, where do you want to go?
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.
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.
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.
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.
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.
OTT has been flooded with a number of film and Web series releases, and many of them are very entertaining.
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.
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.
We had asked you Dear Readers to share photographs and impressions about your favourite Indian beach.
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.
A combination picture shows the India Gate before (bottom) and during the earth hour in New Delhi.
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.
Reuters photographer Mansi Thapliyal spent time with the families of young girls who have gone missing in India's capital New Delhi, photographing them with their missing daughter's belongings. Between January 1 and May 8, 2013, 725 children in Delhi were reported missing and are untraced, according to data from India's Zonal Integrated Police Network website.
Several factors force women out of the workforce. But mainly it's lack of good childcare facilities.
In view of the coastal security lapse during 26/11 attack, the Indian Coast Guard has begun augmenting its off-shore strength and the force aims to have 150 ships and 100 twin-engine aircraft by 2020 in its fleet.
No wedding in North India can be complete without a brass band that announces the arrival of the groom. Photographer Mansi Thapliyal aims her camera at the always seen but never recognised band members.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
According to the global report, just 9.6 per cent of all children between 6 and 23 months of age are fed a minimum acceptable diet.
The wider NSE Nifty too fell by 20.15 points or 0.19 per cent to end at 10,749.75.
Hindustan Unilever shares were up 3.7 per cent at 9.24 am after earlier hitting an all-time high of Rs 632.
Infosys burnt its fingers as the biggest loser -- sinking as much as 9.60 per cent to Rs 923.10 -- after the surprise announcement. Intra-day, it hit a low of Rs 884.40.
A 35-year-old woman was allegedly gang-raped by four persons, including a police constable and a homeguard, at Kothkota bus stand in Mahabubnagar district of Andhra Pradesh in the wee hours on Thursday, police said.
Nearly 400 stocks hit their 52-week low on BSE on Thursday.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Tripathy's lawyer Rakesh Thapliyal said the court allowed the accused, who is lodged in a jail in Dehra Dun, to leave for Lucknow in the custody of a CBI officer and complete oath taking formalities by June 16 and return the next day.
Meena Devi is charged in the case of the unfortunate death of 23 children after they consumed the mid-day meal at Dharmasati Gandaman Primary School in Saran district of Bihar on July 16 2013.
The Tiger Shroff-Disha Patani starrer saw an outstanding opening weekend.
The hits and misses of the week.
911 have been traced by the Securities and Exchange Board of India (Sebi), while the rest of the 402 are not traceable on the bourses
The link requires a person to punch in his PAN number, Aadhaar number and the exact name as given in the Aadhaar card.
The survey noted that advertising campaigns supported the increase in new work growth in the sector amid competitive pressures.
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