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Quick commerce becomes FMCG's biggest online sales channel in India
Latest data from companies including ITC Ltd, AWL Agri Business, Tata Consumer Products and Parle Products showed quick commerce accounted for 60-75% of their total online sales in FY26, rising sharply from less than half a year earlier.
ITC Q4 Results 2026 LIVE: ITC share price rises ahead of earnings. All eyes on cigarette volumes, FMCG biz, dividend
ITC Q4 Results 2026 LIVE: ITC is expected to report muted performance during Q4FY26, with its cigarette business likely to remain under pressure due to the recent tax hikes. While FMCG segment is estimated to deliver healthy growth, its agri businesses is expected to post flat revenue growth.
Wipro shares gain 3% after bagging Olam deal worth more than $1 billion
Wipro Limited share price surged 3% following a significant deal with Olam Group. This multi-year strategic transformation contract is valued at over one billion dollars. Wipro will also acquire Olam's IT division, Mindsprint. The partnership aims to enhance Olam's operations across its entire value chain. This engagement marks a major expansion for Wipro in the food and agri-business sector.
Watch | M&M’s Japan agri exit seen as strategic portfolio rationalisation amid rising competition
Mahindra & Mahindra’s decision to exit its agri-machinery business in Japan reflects a broader strategy to streamline operations and focus on stronger, profitable markets, according to LKP Securities analyst Ashwin Patil. He said the Japan unit was likely a smaller, underperforming business facing intense competition, making continued investment less viable. The move aligns with M&M’s past efforts to exit non-core global operations and prioritise high-performing segments.
Wipro declines after IT firm announces plan to consider share buyback
The company has secured an eight-year transformation deal with Singapore-based food and agri-business major Olam Group, which is expected to exceed about Rs 9,314 crore in contract value.