FMCG

Sensex 100 Pts Lower At 81,600; Nifty Around 24,650; FMCG, Auto Drag

Benchmark Indian equity indices, the BSE Sensex and Nifty 50, were trading lower on Monday, weighed down by losses in the FMCG and auto sectors. As of 1 PM, the BSE Sensex had dropped by 111.84 points, or 0.14%, to stand at 81,597. Meanwhile, the Nifty 50 was at 24,639,...

Bengaluru Leads In Fresher Hiring In FMCG At 41%: Survey

The FMCG sector in India is witnessing a significant surge in demand for fresh talent, with hiring intent for freshers projected to rise to 32% in the second half of 2024, up from 27% in the first half. This growth reflects the sector's ongoing expansion, particularly in rural and semi-urban...

Kiranas Struggle To Keep Up With Quick Commerce

The All India Consumer Products Distributors Federation (AICPDF) announced recently that quick commerce’s rapid growth in India has led to around 200,000 kirana stores shutting down over the past year, several media outlets reported. The federation noted that sales at kirana stores during this festive season have remained stagnant. India...

Nestle India CMD Highlights Challenges In Mega Cities And Metros

Suresh Narayanan, Chairman and Managing Director of Nestle India, has pointed out that fast-moving consumer goods (FMCG) companies are struggling with volume growth due to persistent food inflation and a slowdown in demand from mega cities and metropolitan areas. He noted that growth in the food and beverage sector, which...

CCI Approves ₹1,100 Cr Acquisition Of Patanjali Ayurved’s HPC Business

The Competition Commission of India (CCI) has approved the acquisition of Patanjali Ayurved’s home and personal care division by Patanjali Foods for ₹1,100 crore. In a statement, the CCI noted that the deal involves Patanjali Foods Ltd (PFL) acquiring the non-food Home and Personal Care (HPC) business of Patanjali Ayurved...

Nifty Hits New High For The 59th Time This Year

The NSE Nifty 50 index reached a new all-time high of 25,611.95 today, buoyed by a 50 basis point interest rate cut from the US Federal Reserve—the first such reduction in four years. The rally was primarily driven by gains in FMCG stocks, with select support from IT and financial...