FMCG
New entity to push Tata’s FMCG ambitions forward
Tata Global Beverages currently reaches out to 110 million households.
Downward corrective leg is likely to continue
Among the Sensex constituents only nine out of thirty stocks closed with gains.
Around 11.5 lakh jobs to be added in H1 FY20
In H1 last year, Teamlease Services had predicted a 4 per cent rise in net employment outlook, which has now softened to 3 per cent.
Consumer-facing stocks plunge
Another top loser in the fast moving consumer goods (FMCG) space was Marico, which fell 4.56 per cent.
FMCG firms turn in weak Q4 numbers
The trend is evident across all FMCG companies that have released their fourth quarter results over the past few days.
Godrej Consumer Products net profit rises 51.5 pc to Rs 935.24 cr in March quarter
The company had posted a consolidated net profit of Rs 617.19 crore in the corresponding period last fiscal, GCPL said in a BSE filing.
Fear index hits 3-year high as oil surprises
Among the sectors except IT all other indices ended in red led by energy, bank, auto, metal, pharma, infra and FMCG.
FMCG growth to slow down at 11-12 per cent in 2019: Report
The industry is expected to grow at 12-13 pc during the April to June quarter of calendar year 2019, according to Nielsen.
Nestle India plans to seek shareholders' nod every 5 yrs on royalty to parent firm
Nestle modified an ordinary resolution in a notice dated March 12, 2019 to its shareholders.
Positive momentum seen in market
The Sensex closed at 39,056 up 184.78 points or 0.48 per cent, while the Nifty ended 44 points higher at 11,713.