Krishnakumar added that when it looks at categories within foods it tries to see if those are the categories it wants to operate in
Some investors criticised the company's "vague" outlook for this year, as Reckitt shares slumped to their lowest point since March 2020, early in the COVID-19 pandemic
The easing of prices came as U.S. consumer confidence increased during the quarter after months of decline, with Americans growing more optimistic about current and future business conditions
Since March 2022, the Fed has raised its policy rate by 525 basis points to the current 5.25%-5.50% range
The US has conducted countervailing investigations on certain Indian goods such as paper file folders, and common alloy aluminum sheet, Parliament was informed on Wednesday. The European Commission (EC) has also conducted a similar probe on certain graphite electrode systems, Minister of State for Commerce and Industry Anupriya Patel said in a written reply to the Lok Sabha. She said that the Indian government and the affected exporters have strongly defended the subsidy allegation against various programmes and schemes of the government, both at central and state level, in their written and oral responses during the conduct of investigations. "The products for which countervailing investigations have been conducted and a final determination of CVD (countervailing duty) has been made include Paper File Folders, Common Alloy Aluminum Sheet and Forged Steel Fluid End Blocks by US," she said. Countervailing duty is a country-specific duty imposed to safeguard the domestic industry ...
The brand is already established in people's mind and these companies already have distribution in place, Rajat Wahi, partner at Deloitte India explained
The beauty will transition into its beauty & wellbeing and personal care businesses and both divisions will have their own executive directors
Rural markets showed continued recovery during the quarter, with sales volumes rising 6.4% from 4% in the June-quarter, the market research firm NielsenIQ said.
Analysts, on average, had expected a profit of Rs 4,954 crore rupees, according to LSEG data
While companies remain cautiously optimistic about demand panning out this year, a dry August has already played spoilsport for demand, especially in rural areas
Bookings by the two industries 20% higher ahead of the festive season compared to last year, says one expert
The question on everyone's mind is, will this be sustainable? The answer is not simple
Consumer goods firms expect 40-50% growth in premium segment; hospitality industry expects heightened activity in coming weeks
Brokerages have highlighted that the second half of the year will be closely observed
Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans worth Rs 4,044 crore, including principal and interest amount. In a regulatory filing on Friday, Jaiprakash Associates Ltd (JAL) informed that the company on June 30th defaulted on repayments of a principal amount of Rs 1,660 crore and interest of Rs 2,384 crore. The loans pertained to various banks, and the nature of the obligation is fund-based working capital, non-fund-based working capital, term loans and FCCB (foreign currency convertible bonds). "The total borrowing (including interest) of the company is Rs 29,477 crore, repayable by 2037, against which only Rs 4,044 crore is overdue as on June 30, 2023," JAL said. Out of the total borrowing of Rs 29,477 crore, the company said that Rs 18,319 crore will get further reduced on transfer to the proposed Special Purpose Vehicle (SPV) for which the scheme of arrangement, duly approved by all the stakeholders, is pending sanction of National Compan
Volumes key as costs rise and firms refrain from hiking prices of products
FRAI made a representation to Finance Minister Nirmala Sitharaman with an appeal to protect the interests of its 80 lakh retailers
Overall demand from rural areas declined 0.2 per cent on a month-on-month basis in December while it was down 17 per cent in November, according to Bizom's data
During October, India exported goods worth $280 million, up 3.7 per cent as compared to a year ago, led by demand for items such as vegetables, tea, coffee, chemicals as well as iron and steel product
German consumer goods firm Henkel, which has re-entered the consumer market in India after around a decade, is betting on the beauty segment in which it is working to build a holistic hair solutions portfolio, a company official said. With the consolidation of its consumer business at the global level, led by a successful merger of beauty care, laundry and home divisions, Henkel foresees a powerhouse of international bestsellers hitting the Indian market, said Kartik Kaushik, Country Head-Henkel Consumer Brands, India and South Asia Export. Henkel has introduced hair colourant brand Schwarzkopf in the consumer segment and also plans to launch another brand TAFT in India in the near future. "Hair colour is just the beginning of the India journey. The goal is to build a holistic hair solutions portfolio," Kaushik told PTI. According to Kaushik, there is a "bull run" for hair solution products in India and the growth trajectory is high. "The idea is to create a structured distributio