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India’s protein boom runs into a whey crisis as prices surge 4X, shortages loom
India's growing demand for protein products is clashing with a global supply shortage. Raw whey prices have surged dramatically, forcing Indian brands to increase prices. This impacts consumers aiming for daily protein intake. Geopolitical issues and increased global demand are key drivers. Brands are exploring alternatives like plant and yeast protein to manage costs and ensure availability.
Redington turns to air freight as Gulf conflict disrupts sea routes
Indian IT distributor Redington is using more air freight to deliver products to the Middle East. Conflict has disrupted sea routes, forcing this shift. Air freight rates have risen due to higher fuel costs and reduced shipping capacity. Redington is also rerouting supplies and arranging new insurance. Despite some demand dips, the company anticipates revenue growth.
Jack Daniel's maker Brown-Forman bets on premium push, wider drinking 'repertoire'
As Indian consumers diversify their drinking habits, Brown-Forman, the maker of Jack Daniel's, is poised for growth in the premium spirits market. The American company plans to bring in more products, driven by changing preferences and a desire for unique experiences.
Textile exporters hit by double whammy as LPG price hike squeezes margins and global buyers demand discounts
With commercial LPG prices on the rise, Indian textile exporters in Tiruppur and Noida are feeling the financial pinch. As they struggle to maintain profitability, global buyers continue to negotiate for cheaper products, complicating efforts to offset the surging expenses.
Public sector banks rush to build up wealth management assets
The move is aimed at improving customer engagement as household savings shift from bank deposits to market-linked instruments and risk products. Indian Bank plans to set up a wealth management vertical targeting high net worth individuals, while sectoral leader State Bank of India aims to grow its wealth assets under management fivefold to Rs 15 lakh crore by 2030.
Public sector banks rush to build up wealth management assets
The move is aimed at improving customer engagement as household savings shift from bank deposits to market-linked instruments and risk products. Indian Bank plans to set up a wealth management vertical targeting high net worth individuals, while sectoral leader State Bank of India aims to grow its wealth assets under management fivefold to Rs 15 lakh crore by 2030.
Live: Banking stocks fuel Nifty above 24,500; Uncertainty persists on US-Iran talks | Closing Bell
Indian markets ended lower, dragged by weakness in IT stocks. The BSE Sensex slipped over 650 points, while the Nifty 50 fell below 24,450. HCL Technologies led the decline, logging its sharpest fall in 11 years after weak guidance, pulling down peers like Infosys and TCS. Despite the headline fall, market breadth remained positive with broader markets outperforming, as smallcaps extended gains for a second straight session. Financials were under pressure, with ICICI Bank and HDFC Bank slipping. On the upside, stocks like Tata Consumer Products, NTPC and Hindustan Unilever emerged as key gainers.