Final au Jibun Bank Service purchasing managers' index (PMI) grew to 50.9 in December from 50.5 in November, according to the survey compiled by S&P Global Market Intelligence
Hit by inflation, higher input costs and pricing measures, fast-moving consumer goods companies are expected to see a contraction in their gross margin and a modest-to-flat operating profit in the October-December quarter. Several FMCG makers are likely to log a low single-digit rise in their revenue, returning to the cycle of value-driven growth. One of the reasons could be that a number of companies have opted for a price hike in the December quarter due to rising costs of input items such as copra, vegetable oil, and palm oil. The price hikes came at a time when the urban market was dragged down by lowered consumption due to high food inflation. However, the rural market, which is slightly above one-third of the total FMCG market, stayed ahead of it. Some of the listed FMCG companies, such as Dabur and Marico, shared their updates for the third quarter of FY25, and analysts expect either flat or low single-digit volume growth. Home-grown firm Dabur expects a "low single-digit .
As the climate blows cold and hot, it puts wheat, milk, coffee, and even Hilsa in peril
Referring to Pakistan's high inflation rate, Prime Minister Narendra Modi said that the nation which was a supplier of 'aatank' (terrorism) is now struggling to get 'aata' (flour)
Higher US inflation can increase currency volatility
Some 71 per cent of the state's population resides in rural areas
Over 15,000 demonstrators braved the bitter cold in Brussels on Friday to call for more measures to shield them from high energy prices and better pay to counter runaway inflation. Because of the protest backed by the three main unions, public services were affected throughout Belgium, especially rail and subway systems in and around the capital and Brussels international airport. With people increasingly under pressure from high prices, the unions demanded pay increases at a time when companies such as energy giants are making massive profits. They seek a freeze in energy prices and increased taxation on capital. We won't stop unless workers get what they deserve, the unions said in a statement. Police estimated the crowd walking in freezing temperatures through the capital at 16,500.
According to experts, after three consecutive 50 basis point rate hikes, the RBI may decide to reduce the rate increase by 25 to 35 basis points for lending rates
If interest rates continue at their current trajectory, the appetite will go down, impacting the consumption and the markets, co-founder of Zerodha and True Beacon said
But cautions that fight against price rise will be 'dogged and prolonged'
Bitcoin rose by almost 4 per cent after dropping to its lowest at $18,300 post-US inflation data was released
A new report reveals people in villages are concerned about inflation and its impact on their financial condition
Margin levels could see an improvement on higher volumes, price hike
Fears of uncertain inflation and growth trajectory are keeping markets volatile. Should investors look to invest in Indian markets, or it is a good time to diversify into international markets?
Prices in Italy were 8.4 per cent higher in August than they were a year earlier, a level that had not been recorded since December 1985, the country's National Institute of Statistics reported
On their part, technical analysts see the Nifty is hit 18,100-18,200 levels before it makes any major attempt to reverse. However, this journey, they caution, can see intermittent corrections
The World Bank last month cut India's economic growth forecast for the current fiscal to 7.5 per cent owing to rising inflation, supply chain disruptions and geopolitical tensions
Shares worldwide took a dive over inflation concerns leading to a severe decline in bond yields
Dabur's food and beverages vertical saw strong double-digit growth in the quarter on the back of improving out-of-home consumption, innovation, and intense summer season
Clarity on macro and monetary policy outlook in the US/India, it said, is the silver lining that could see markets bottom out by August/September 2022., it said