Fast-moving consumer goods companies, most of which derive big share of earnings from rural markets, struggling to meet sales targets. Consumers buying cheaper products, smaller packs.
PSUs & capex-linked stocks have been showing strong growth, driven by 'narrative' of Modi's infrastructure creation. Now, investors will likely rely on underlying company fundamentals.
IMF has raised India’s growth projections for current and next 2 financial years. Yet, results of major FMCG companies, and govt’s own data, shows public consumption remains subdued.
Report by Bank of Baroda found production levels of both consumer durables and nondurables were sluggish on account of high inflation & falling real incomes.
According to a report released by FICCI CASCADE, the illicit trade of mobile phones, alcoholic beverages, tobacco products, FMCGs were valued Rs 2.6 lakh crore for the year 2019-20.
In 'Harsh Realities: The Making of Marico' entrepreneur Harsh Mariwala and management expert Ram Charan zoom in on the journey of the company - from its establishment in 1987 - to becoming a leading international FMCG giant.
Countering insurgency needs the Pakistan Army to demonstrate a political will that ties leaders at the centre with those in the borderlands. But it may not have the imagination.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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