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![Indian consumer goods makers say Q1 sales growth picks up as demand improves](https://img.etimg.com/thumb/msid-111518117,width-100,height-75,resizemode-4/industry/cons-products/fmcg/indian-consumer-goods-makers-say-q1-sales-growth-picks-up-as-demand-improves.jpg)
Indian consumer goods makers say Q1 sales growth picks up as demand improves
Volume trends from key consumer goods companies, which sell everything from hair and cooking oils to oats, are seen as an important indicator of consumption patterns in the country.
![Shapoorji Pallonji taps Deutsche Bank, DAM Capital to raise Rs 3,000 crore from private credit funds](https://img.etimg.com/thumb/msid-111510352,width-100,height-75,resizemode-4/industry/banking/finance/shapoorji-pallonji-taps-deutsche-bank-dam-capital-to-raise-rs-3000-crore-from-private-credit-funds.jpg)
Shapoorji Pallonji taps Deutsche Bank, DAM Capital to raise Rs 3,000 crore from private credit funds
Shapoorji Pallonji Group aims to raise Rs 3,000 crore via Deutsche Bank and DAM Capital to refinance debt from Ares SSG Capital and Farallon, reducing 18-22% rates. Supported by a Rs 15,000 crore Power Finance Corporation loan and Gopalpur port sale to Adani Group, the group plans a Rs 7,000 crore Afcons Infrastructure IPO, exploring global funds.
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Britain's Labour on track for landslide victory, exit poll suggests, amid anger with Conservatives
The poll released moments after voting closed indicated that center-left Labour's leader Keir Starmer will be the country's next prime minister. He will face a jaded electorate impatient for change against a gloomy backdrop of economic malaise, mounting distrust in institutions and a fraying social fabric. As thousands of electoral staff tallied millions of ballot papers at counting centers across the country, the Conservatives absorbed the shock of a historic defeat that would leave the depleted party in disarray and likely spark a contest to replace Prime Minister Rishi Sunak as leader.
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Nephro Care shares list at 90% premium on NSE SME platform
Nephro Care made a strong market debut on NSE SME platform with a 90% premium. The IPO garnered massive investor interest, oversubscribed by over 700 times. The company aims to establish a 100-bed multispeciality hospital in Kolkata using proceeds from the IPO. Nephro Care, led by Dr. Pratim Sengupta, focuses on comprehensive medical services for renal patients.
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D2C snack brand Let's Try secures funding from Wipro Consumer Care Ventures
Let's Try will use the funds to accelerate growth across both offline and online channels. The New Delhi-based company offers a wide range of snacks including baked, fried, and roasted namkeens. Let's Try claims to have a revenue run rate of over Rs 50 crore.
RBI's bumper payout to limit big ticket divestment; govt to maintain Rs 50k cr target: Report
A record Rs 2.1 lakh crore dividend payout by the RBI is expected to reduce the urgency for major divestments, according to Care Ratings, maintaining the government's Rs 50,000 crore target from divestments. Asset monetisation may be preferred if there is a resource shortfall, with SCI sales aiding in achieving the FY25 target. Potential divestments in SCI, CONCOR, and Pawan Hans are on the horizon, with projected total divestment proceeds reaching Rs 12,500-22,500 crore.
Kaya shares surge 10% after it announces collaboration with Marico
Shares of Kaya rose 10% to Rs 501.45 on BSE after announcing a collaboration with Marico, whose shares traded flat at Rs 608.15. The collaboration aims to market 75+ science-based personal care products, leveraging channels for wider reach. CEOs Rajiv Suri and Saugata Gupta emphasize growth, market expansion, and long-term consumer satisfaction.
Microsoft settles California probe over worker leave for $14 million
Microsoft agrees to pay $14 million to settle claims of retaliating against workers for taking leave in California. The settlement also mandates hiring a consultant and providing training to prevent future discrimination.
TRADERS’ CORNER: A luggage stock ready for 7% upmove & a rating agency for positional 6% trade
Mid cap and small cap stocks getting back momentum .
Deepak Parekh-backed Nephro Care's IPO GMP soars to 300% on allotment day. Here's how you can check status
Deepak Parekh-backed Nephro Care's IPO GMP soars to 300% on allotment day. Here's how you can check status
Patanjali Foods to buy group company's non-food business for Rs 1,100 crore
Patanjali Foods and Patanjali Ayurved have also agreed to enter into a licensing agreement, permitting Patanjali Foods to use the trademarks and associated intellectual property rights owned by the latter, the company said. Analysts said the acquisition would accelerate the company's objective of transitioning to an overall FMCG company.
Bajaj Consumer’s Rs 166 cr-buyback: Last day to buy shares today
Bajaj Consumer Care initiates Rs 166 crore share buyback at 10% premium. Promoters own 39.30% equity. Public shareholders must act today to qualify for the buyback offer.
Oil India among 10 stocks in focus this week for bonus issues, stock splits, and buybacks
Oil India and Vertoz Advertising, among other companies, are set to be in the spotlight this week as they near their record dates for bonus issues, stock splits, buybacks, and demergers. The record date, determined by each company, determines eligibility for these corporate actions, requiring shares to be held in a Demat account on that date to qualify.
Nephro Care IPO opens today: Check issue size, price band, GMP and other details
Invest in the Nephro Care IPO in Kolkata to support healthcare initiatives and gain potential returns through shares.
Fed's Daly: inflation not the only risk, policy must 'exhibit care'
San Francisco Fed President Daly emphasizes caution in addressing inflation control and rising unemployment risks, highlighting the need to restore price stability without harming the economy.
Tips to maintain your car and be safe in monsoon
Proper tyre care is crucial during monsoons. Check tire pressure regularly, ensuring it meets the manufacturer's recommendations. Look for signs of wear and tear on the treads, and replace worn-out tires to maintain good grip on wet roads.
Focus on upcoming Budget: Policy in the works on finance, health support for elders
India is considering policy measures for senior care, including expanding healthcare access through Ayushman Bharat, revising pension under the Indira Gandhi scheme, and providing healthcare under NPHCE.
FMCG spends up 18% in two years due to inflation- Kantar
Consumers have increased their spending on daily essentials, groceries, and household products by 18% in the first quarter of 2024 compared to two years ago, according to a recent Kantar report. Despite a recent softening in commodity prices, the prices for these goods remain nearly a fifth higher.
Nephro Care India IPO: Deepak Parekh-backed company to raise around Rs 40 crore via public issue on NSE Emerge
Deepak Parekh-backed multi-speciality healthcare provider Nephro Care India Limited (NCIL) is likely to raise around Rs 40 crore through the initial public offering (IPO) to fund its expansion plans.
Buy Bajaj Consumer Care, target price Rs 300: ICICI Securities
Bajaj Consumer Care Ltd., incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 3744.34 Crore) operating in FMCG sector.
Big tech is driving the S&P rally. The rest have to step up soon
Tech stocks face diverging performances as Nvidia leads the pack, while Apple struggles, causing a profit cool down and an emerging asymmetry among Big Tech stocks, affecting the overall earnings potential in 2024.
Vodafone Idea shares jump 12% after CARE revises ratings upwards
Vodafone Idea shares experienced a significant surge of 12% intraday, reaching a high of 14.85 on the NSE on Wednesday. This uptick followed an announcement from rating agency CARE Ratings, which upgraded the company's Long Term Bank Facilities from B+ to BB+, with a stable outlook. Additionally, the Short Term Bank Facilities were upgraded from A4 to A4+.
IRDAI probes Care Health's stock option issue to Saluja
IRDAI revealed that a probe into stock option allotment to Saluja is on in response to a query raised by Rahul Kanoj under the Right to Information Act (RTI) to the insurance regulator. The regulator said in its response, "The information sought is not furnished as the same would impede the process of investigation or apprehension." ET has seen IRDAI's response to the RTI query.
Inox Wind shares tumble 10% as promoter likely sells stake via block deal
Inox Wind shares drop 10% on BSE to Rs 147.65 after a likely 5% stake sale by promoter entity IWEL via block deal. Company received 'A' rating from CARE Ratings for banking facilities. Inox Wind, subsidiary of Inox Group, provides wind energy services.
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