Market News

Nuvama expects near double-digit growth in FMCG despite weak monsoon concerns

Abneesh Roy, Executive Director at Nuvama Institutional Equities, expects paint companies to sustain double-digit revenue growth despite lower crude prices. He sees Reliance's Campa Cola as a formidable long-term competitor in the consumer space and remains positive on Trent due to improving valuations and strong growth potential.

Missed the FII U-turn? 6 stocks turned multibagger after foreign investors corrected their mistake

Foreign institutional investors (FIIs) reversed their selling trend in six select Indian stocks, turning them into multibaggers. Bajaj Consumer Care led the pack with a 265% surge after FIIs significantly increased their stake. Other beneficiaries include Acutaas Chemicals, SML Mahindra, Dee Development Engineers, United Foodbrands, and RateGain Travel Technologies, all witnessing substantial gains following FII re-entry. This shift highlights smart money's strategic course correction.

'Britannia, Dabur At Risk': Macquarie Flags Monsoon Risk For Rural Consumer Stocks; Check Top Picks

Macquarie prefers companies with stronger structural growth drivers and relatively better positioning. Its top picks in the consumer space are Titan, Lenskart, Marico and Hindustan Unilever (HUL).

Tata Consumer Share Price Live Updates: Tata Consumer experiences a decline in returns

Deeptech, AI cornered half of InfoEdge's startup bets in the last 12 months

Info Edge has channelled nearly half its startup investments over the past year into deeptech and AI, a shift from the consumer-tech bets that built Eternal and PB Fintech. 

In the age of AI, telecom vendors say no device can be declared vulnerability-free

Telecom equipment manufacturers are struggling with the government's demand for guaranteed vulnerability-free gear, citing the rapid evolution of cyber threats. Vendors met with the Department of Telecommunications seeking clearer policy guidelines for Pro Tem certificates, essential for selling products like 5G equipment. The government assured that National Centre for Communication Security is finalizing new policy guidelines soon, addressing industry concerns about self-declarations and potential penalties.

RBI in wait-and-watch mode, no certainty on rate hike: Governor Sanjay Malhotra

Reserve Bank of India Governor Sanjay Malhotra stated that an interest rate hike is premature, as inflation hasn't broadly impacted consumer prices. The central bank remains in a 'wait-and-watch' mode, closely monitoring global uncertainties and the monsoon's progress. While acknowledging improved outlooks, risks persist, but India is well-prepared for challenges. The RBI has revised inflation forecasts upwards and growth forecasts downwards for the fiscal year.

BSNL's corner office goes open market as Centre seeks new CMD

The government is actively seeking a new Chairman and Managing Director for BSNL, opening the door to private sector professionals for the first time. Applicants must meet specific age and financial criteria, with a deadline of July 22. This strategic move aims to bring fresh leadership to the state-owned telecom giant, following an extension for the current interim chief.

'Lived In Mumbai's 100 Sq Ft Chawl': The Humble Origins Of New WhatsApp Boss Kunal Shah

The financial difficulties pushed him to start earning at a young age.

FRAI urges govt to intensify crackdown on counterfeit products, illicit trade

Retailers are urging the government to intensify efforts against illegal trade and fake products, citing risks to consumer safety and the livelihoods of small businesses. The Federation of Retailers Association of India (FRAI) has called for stricter enforcement, tougher penalties, and greater accountability from online marketplaces. They highlighted a significant rise in counterfeit goods across various sectors, impacting fair competition and consumer trust.

India's upstart consumer brands are growing three times faster than the market

New-age Indian brands are rapidly outperforming established FMCG companies, growing over three times faster and reshaping various consumer categories. These "insurgent" brands, fueled by digital and quick commerce, are capturing market share by addressing unmet consumer needs with rapid innovation. While they still hold a small market percentage, their accelerated growth poses a significant challenge to larger players, forcing them to adapt to evolving consumer behavior and new market dynamics.

Bank of Japan hints at more rate increases this year after 30-year-high hike

BOJ board meeting summary says it is appropriate for the bank to continue to raise the policy interest rate considering that the consumer price index (CPI) inflation had been approaching 2%.