fmcg

India's industrial production growth slowed to a five-month low of 4.1% in March, impacted by the West Asia conflict. Manufacturing output saw a marginal increase, though several key sectors experienced declines. Experts anticipate lingering global risks and supply chain disruptions to continue posing challenges to industrial activity.

Indian equity markets experienced a downturn Friday, with both Sensex and Nifty closing lower. Renewed military tensions near the Strait of Hormuz dampened investor sentiment, leading to profit-booking across various sectors. While IT stocks showed resilience, PSU banks were significantly impacted. Global markets also reflected cautious sentiment.

India holds one of the world’s largest privately owned stocks of gold. Bullion exchanges can be a strong pillar to invite that gold sitting idle in cupboards.

Renowned for his strategic insight, Nitin Paranjpe has enjoyed a lucrative career spanning several decades at Unilever and HUL. Holding the title of non-executive chairman at HUL comes with board compensation, but his wealth is primarily a byproduct of his leadership in top executive positions and influential board roles over the years.

Indian consumer goods firms are grappling with soaring input costs, driven by the Middle East conflict. Companies are now tracking expenses daily and frequently adjusting prices, impacting long-term strategies. Executives fear higher prices could dampen consumer spending, which had recently shown signs of recovery. This volatility is forcing immediate, short-term decisions across various product categories.

Nadir Godrej will step down as Godrej Industries Group chair on August 13. His nephew, Pirojsha Godrej, will assume the role of GIG chair. Pirojsha will also chair Godrej Industries, the group's holding company. Nadir's son, Burjis Godrej, will become chair of Godrej Agrovet. This marks a significant generational leadership change within the prominent Indian conglomerate.

The Strait of Hormuz is a narrow stretch which is important for global trade flows, and is alone responsible for the transit of a fifth of the world’s oil supply. Asian economies like India and China source a big chunk of their crude oil, LPG, and LNG requirements via this strait.

A businessman and his grandfather were robbed of Rs 1 lakh at gunpoint in East Delhi. A family member pursued the assailants in a car, ramming their motorcycle. The accused fired in the air and abandoned the cash and weapon while fleeing.

Consumer goods companies are bracing for rising costs due to soaring crude oil prices, with potential price hikes on the horizon. While the West Asia war's immediate impact in the March quarter was limited, sustained inflation and a predicted below-normal monsoon threaten to dampen consumption, particularly in rural areas.

Indian equity benchmarks, Sensex and Nifty, staged a strong intraday recovery to close higher on Tuesday. Easing crude oil prices, positive global cues, and robust buying in IT stocks fueled the rebound. Despite initial weakness, markets ended firmly in the green, with IT stocks leading the gains.