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.
With his cameo in Bads of Bollywood, Emraan Hashmi, who has long shifted away from his signature bold image, got the chance to revive his boyhood charm.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
There were no plans to have Mk1A version. However, compromise was reached between HAL & IAF in 2015 since original plan for getting Mk2 would've been time-consuming affair.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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