Indian Asset Prices
FMCG firms express concern over inflation, hint at potential price hikes
Leading FMCG companies reported a decline in margins in the September quarter on account of higher input costs and food inflation, which ultimately slowed down the pace of urban consumption. Rising prices of commodity inputs such as palm oil, coffee and cocoa were also accentuated and some FMCG firms have hinted at a price hike. HUL, Godrej Consumer Products Ltd (GCPL), Marico, ITC, and Tata Consumer Products Ltd (TCPL) have expressed concerns over squeezing urban consumption, which according to industry experts forms 65-68 per cent of FMCG total sales. "We think this is a short-term hit and we will recover the margins through judicious price increase and stabilising of costs," said GCPL Managing Director and CEO Sudhir Sitapati in a Q2 earning statement. GCPL, makers of Cinthol, Godrej No 1, HIT had a steady quarter given the headwinds of oil costs and tough consumer demand in India and its standalone EBITDA margin was lower, caused entirely by high inflation in palm oil. The rur
 "FMCG firms express concern over inflation, hint at potential price hikes")
Identifying Indian assets for seizure in case of non-payment, says Cairn
The asset could be pledged against recourse or non-recourse financing
 "Identifying Indian assets for seizure in case of non-payment, says Cairn")
Bond bulls relish India as best story post September selloff
The bulls might have fresh scope to add to their positions: India's central bank on Wednesday announced it's going to review, together with the government
 "Bond bulls relish India as best story post September selloff")
