Indian Stock Market Opens Week With Significant Selling Pressure Across Multiple Sectors
The Indian stock market opened the week down, facing selling pressure in sectors like automobiles, IT, and FMCG.
Indian Stock Market Opens Flat; HDFC Bank And TCS Lead Gains
Top gainers in the Sensex included Bajaj Finance, Bajaj Finserv, HDFC Bank, Nestle India, Tech Mahindra, and TCS. In contrast, NTPC, Power Grid, Mahindra & Mahindra, Tata Motors, and SBI were among the top losers.
Indian Equity Indices Surge On Positive Global Sentiment
In addition to strong performances in large-cap stocks, mid-cap and small-cap stocks also indian equity showed positive movement.
Godrej Consumer Products To Invest In Tamil Nadu, Generate 400 Job Opportunities
Fast-moving consumer goods behemoth Godrej Consumer Products Ltd will be making an investment of Rs 515 crore in Tamil Nadu.
Tata Consumer Share Price Increases as the FMCG States That It Is Open For Acquisition
the share price of Tata Consumer Products increased by more than 2.5 per cent.
Godrej Consumer Products acquires Raymond’s FMCG Business
FMCG Godrej Consumer Products Ltd (GCPL) announced its plans to acquire Raymond Consumer Care Ltd (RCCL) on Thursday.
FMCG sector may increase volume due to price reductions
9.8% revenue rise in our FMCG coverage universe in Q4 FY23
FY23 Witnesses 8% Increase in FMCG Sales, Electronics Elevates by 25%
In FY23 ended on March 31, sales of daily necessities, groceries, etc. increased by 8%, whereas sales of electronic products experienced a significant surge of 25%.
Tata, ITC And Other Big FMCG Players Are Gearing Up For The Race To Acquire Capital Foods
Tata, ITC, Nestle, Kraft Heinz, and Nissin Foods are among the potential bidders. Bloomberg had earlier said that Nestle was in talks with Capital Foods' management about a prospective acquisition that would likely value the company at above $1 billion.
Reliance Industries To Stir Price War With Its FMCG Push
Mukesh Ambani-led Reliance has now entered the FMCG personal and home care sector. Industry experts are anticipating a price war as a result of the company’s aggressive efforts to swiftly boost distribution for a task that normally requires years while entering the household goods market.
