The NCLT nod paves the way for the final leg of the merger process, including an announcement of the record date (of the merger) and share allotment
FMCG majors HUL and Nestle have been jointly ranked first in the industry for their approach to nutrition in the 'India Access to Nutrition Spotlight Index'. They were followed by food and beverages major PepsiCo India, Britannia Industries and Coca-Cola India. The index is published by Access to Nutrition Index (ATNI) and hosted by Access to Nutrition Foundation, an international not-for-profit organisation. ATNI report is published once in every three years and this is the second edition of India Spotlight Index. India was selected as a spotlight country as it has a rapidly developing food and beverages sector, a statement said. The initiative is supported by the Bill & Melinda Gates Foundation and the governments of the UK and the Netherlands. This season, 16 largest companies in India's food and beverage sector were assessed with the aim to encourage these companies to improve their nutrition practices, it added. The other companies were Amul, Mondelez India, Mother Dairy, ..
On November 6, 2019, the Mumbai Bench of the NCLT had sanctioned the scheme and the order was subject to sanction of the Chandigarh Bench of NCLT
Analysts believe the company's focus on innovation and market development will help the company in achieving sustainable volume and value growth going forward.
As per weekly option data, a handful of call writing on higher strikes ranging from 11,800 to 12,200 is observed which shows Nifty is witnessing strong resistance in the sub-11,800 zones.
The bias remains corrective and cautious. However, it is also time to cherry-pick good stocks like SBI, Maruti, Tata Steel, FMCG, etc to accumulate.
The company had posted a net profit of Rs 1,444 crore in the October-December period of the previous fiscal
The economic slowdown and uncertain environment have led investors to put their faith in quality and size.
Unilever said underlying sales growth would be below guidance in 2019 and in the first half of 2020 because of a slowdown in South Asia and weakness in West Africa
HUL is increasing its international exposure for employees, covering not only future leaders and managers, but also interns and junior staff
85 experiments are under way to aid HUL's transformation into a future-ready company
FMCG firm says rural slowdown sharp; RIL arm claims growth continues
The stock of fast-moving consumer goods (FMCG) company surpassed its previous high of Rs 2,102 touched on September 23, 2019.
The volatility in crude oil and currency are key monitorables for us, said Mehta
Edelweiss Securities expects Q2FY20 to see the slowest volume growth for consumer goods companies since Q1FY18, which was impacted by GST-related destocking.
With festival season round-the-corner, companies are hoping for a pick-up in the overall consumption, which along with the cut in corporation tax, would aid earnings growth over the next few quarters
For the quarter under review, the company is projected to register sales/revenue growth of 9.7 per cent YoY at Rs 10,410 crore
Since October 12, 2018, post Q2FY19 results, the stock of HUL has outperformed the market by surging 21%, against 5.4% rise in the Nifty50 index.
The stock was up 2% to Rs 1,777, trading close to its record high level of Rs 1,808 touched on August 20, 2018, on the BSE in intra-day trade.
The stock was trading 2.4% higher at Rs 1,566 on the BSE.