Nestle withdraws Kitkat wrappers with Jagannath pictures

Facing flak on social media, Nestle India on Thursday said it has 'already withdrawn' from the market packs of its popular chocolate brand Kitkat which depicted images of Lord Jagannath, Balabhadra......

MHA nixes list of non-Swadeshi items for CAPF canteens

Stating that action is being initiated for the 'lapse', Union home ministry officials said there were discrepancies in the list issued by the Kendriya Police Kalyan Bhandar (central police welfare......

Profit-booking drags Sensex, Nifty down

Equity benchmark indices Sensex and Nifty settled lower for the second straight session on Wednesday due to profit-booking in select banking and auto stocks amid mixed trends from the global......

Are Indian Markets Overstretched?

The index is currently trading at 149 per cent of its historical P/B valuation, surpassing its previous peak of 125 per cent made in 2020-21. Illustration: Dominic Xavier/Rediff.com   Indian......

Decline in volume, revenue growth drags FMCG players

The slowdown in private consumption in the economy is taking a toll on the growth of fast-moving consumer goods (FMCG). Photograph: Mansi Thapliya/Reuters The net sales growth of listed FMCG......

Will Nifty See Major Correction In 2024?

'The Nifty Index looks to be 20 per cent overvalued.' Illustration: Dominic Xavier/Rediff.com   Brokerage Kotak Securities believes the Nifty50 Index is overvalued by 20 per cent and expects......