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.
Armenia has procured significant defence equipment from India, including artillery guns, multi-barrel rocket launchers, air defence system, sniper rifles, weapons locating radars, anti-drone weapons.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
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