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Mumbai (Maharashtra) [India], October 16 (ANI): Domestic equity benchmark indices on Thursday witnessed a sharp rally buoyed by positive global cues and renewed optimism surrounding India-US trade discussions. At the end of the trading session today, Nifty50 at the National Stock Exchange (NSE) was up 261.75 points at 25,585.30, while BSE Sensex stood at 83,467.66, up 862.23 points. Also Read | NZ vs ENG 1st T20I 2025: England Reveal Playing XI for First T20I Against New Zealand. Both Sensex ...Read More >
Mumbai, Oct 16 (SocialNews.XYZ) The Indian stock market extended its winning streak on Thursday, with both Sensex and Nifty closing higher for the second straight session. The gains came amid strong buying in select stocks during the ongoing second-quarter (Q2) earnings season. At the close of trade, the Sensex jumped 862.23 points, or 1.04 per cent, to settle at 83,467.66. The Nifty also advanced 261.75 points, or 1.03 per cent, to end the day at 25,585.3. "The bulls remained in control for ...Read More >
Mumbai (Maharashtra) [India], October 16 (ANI): Domestic equity benchmark indices on Thursday witnessed a sharp rally buoyed by positive global cues and renewed optimism surrounding India-US trade discussions. At the end of the trading session today, Nifty50 at the National Stock Exchange (NSE) was up 261.75 points at 25,585.30, while BSE Sensex stood at 83,467.66, up 862.23 points. Both Sensex and Nifty rose over one per cent each during the trading session. The rally was largely driven by h ...Read More >
Udham Singh Nagar (Uttarakhand) [India], October 16 (ANI): Uttarakhand Chief Minister Pushkar Singh Dhami on Thursday performed the ceremonial worship and laid the foundation stone for the reconstruction work of the Khatima-Melaghat State Highway (State Highway No. 107) in Udham Singh Nagar district. This project, costing Rs 2089.74 lakh, includes the reconstruction of an 11.50 km stretch of road, construction of a KC drainage system, road safety measures, installation of road signage, and stre ...Read More >
New Delhi, October 16: Nestle, the Swiss food and beverage giant known for brands like Nespresso, Kit Kat, Perrier, and Purina, announced on Thursday that it will cut 16,000 jobs worldwide over the next two years. The move comes as the company aims to speed up its transformation under new CEO Philipp Navratil, who took charge in early September. "The world is changing, and Nestle needs to change faster," Navratil said in a statement. He added that the job cuts were part of "hard but necessary d ...Read More >
Mumbai, Oct 16 (SocialNews.XYZ) Nestle India, the country's leading FMCG company, on Thursday reported a 17 per cent decline in its consolidated net profit for the July-September quarter of current financial year (Q2 FY26), posting Rs 743 crore compared to the same period last fiscal (Q2 FY25). Despite the fall in profit, the company's revenue from operations grew 11 per cent year-on-year (YoY) to Rs 5,643 crore. Expenses during the quarter rose 13 per cent to Rs 4,617 crore. Nestle India's EB ...Read More >
More than half of employers (56 per cent) in India intend to expand their workforce in the second half of the current financial year (H2 FY26), while 27 per cent plan to maintain stability and 17 per cent foresee rationalisation, a report said on Wednesday. New Delhi, More than half of employers (56 per cent) in India intend to expand their workforce in the second half of the current financial year (H2 FY26), while 27 per cent plan to maintain stability and 17 per cent foresee rationalisation, ...Read More >
Nestle India Q2 Results: Nestle India announced its Q2 FY26 financial results. The company's profit after tax saw a decline of 23.6% year-on-year. However, revenue from operations increased by 10.6%. Domestic sales reached a record high, driven by strong volume growth across key product categories. The company highlighted positive performance in e-commerce and export segments. FMCG firm Nestle India on Thursday reported its Q2 FY26 results, posting a 23.6% year-on-year (YoY) decline in standalo ...Read More >
New Delhi [India], October 15 (ANI): The much-anticipated festive season may not deliver the usual consumption boost this year, with Ambit Capital warning that weak labour markets, slowing credit, and mounting tariffs could weigh on consumer sentiment despite recent tax cuts.In its latest economic insights report, Ambit Capital said that while GST and income tax reductions are expected to cost the exchequer nearly Rs 2 lakh crore, the impact on demand is likely to be modest. It says tax cuts may ...Read More >
Chennai (Tamil Nadu) [India], October 9 (ANI): Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Limited, today launched Tamil Nadu iconic personal-care brand Velvette in a new and contemporary avatar, in collaboration with the CK Rajkumar family. Staying true to its promise of providing global quality at affordable prices, RCPL presents the new Velvette with a range of high-quality premium personal care products, according to the press release. The new Velvette is ...Read More >
Reliance Consumer Products Limited (RCPL) has relaunched Tamil Nadu's iconic Velvette in collaboration with the CK Rajkumar family, enlisting Krithi Shetty as the brand ambassador. Few brands hold as much nostalgia for Tamil Nadu as Velvette, the iconic personal-care label that was once a household staple. Now, after years of quiet, it's making a striking comeback -refreshed, reimagined, and ready for a new generation. Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industri ...Read More >
New Delhi, Oct 8 (PTI) Implementation of new GST slabs to lower the duty has resulted in some short-term adjustments across trade in the domestic market, Godrej Consumer Products Ltd (GCPL) said while projecting a 'low-single digit' volume growth on a standalone basis in the September quarter. The GST rate reductions have resulted in some short-term adjustments across trade channels, as distributors and retailers focused on liquidating existing inventories, said Godrej Consumer in its quarterly ...Read More >
New Delhi, Oct 7 (PTI) Leading FMCG companies have reported disruption in trade in September on account of implementation of new GST slabs, which in turn impacted revenue and profitability in the second quarter. Major players including HUL, Dabur and Marico, continued their momentum in July and August with a stable demand trends. However, in September, they had to absorb the transitory impact of disruption in trade channels on account of GST reforms and one of them expects the impact to drag in ...Read More >
CHENNAI: Indian equity markets ended Monday's session on a strong note, driven by firm gains in banking, healthcare, and information technology stocks. Investor sentiment remained upbeat amid optimism over upcoming large IPOs and robust loan growth data from banks. The BSE Sensex climbed about 580 points, or 0.72 Percent, to close near 81,709, while the NSE Nifty 50 advanced 0.7 percent to finish at 25,077, comfortably above the 25,000 mark. Broader indices also moved higher -- the Nifty Midcap ...Read More >
Mumbai (Maharashtra) [India], October 6 (ANI): The stock markets started the fresh week on a flat note on Monday, as investors remained cautious amid continuous foreign fund outflows and valuation concerns. The markets have been underperforming for the past 13 months due to external pressures such as tariffs, foreign institutional investor (FII) selling, and high valuations that have further fueled the selling spree. At the opening bell, the Nifty 50 index was up by 22.30 points or 0.09 per ce ...Read More >
New Delhi, Oct 3 (PTI) Major companies across sectors, including automakers, consumer electronics, and consumer goods, have reported record sales during the nine-day auspicious Navratri period, according to data shared by leading firms. The robust sales were aided by the recent GST reform, which saw a substantial drop in tax rates, leading to price reductions across consumer goods, appliances, such as TVs (above 32-inch screen size), air conditioners and automobiles. The industry reported a sp ...Read More >
New Delhi, Oct 3 (SocialNews.XYZ) India's economy witnessed its highest Navratri sales of consumer goods in over a decade, propelled by the government's next-gen GST reforms that reduced tax rates and made products more affordable for the consumers. These measures not only lowered prices but also unlocked consumer aspirations, enabling families to upgrade vehicles, invest in home appliances, and spend more freely on lifestyle goods, turning festive cheer into record-breaking consumption, as per ...Read More >
Benchmark stock indices Sensex and Nifty closed marginally lower in a volatile session on Monday, extending their downtrend to the seventh day, as bank stocks were dragged by persistent foreign fund outflows ahead of the RBI's interest rate decision later this week. Photograph: Hemanshi Kamani/Reuters After gyrating between gains and losses in a restricted trade, the 30-share BSE Sensex declined 61.52 points or 0.08 per cent to settle at 80,364.94. During the day, it hit a high of 80,851.38 a ...Read More >
Mumbai- Benchmark indices Sensex and Nifty closed lower on Tuesday after a volatile session, marking the eighth consecutive session of southward movement due to relentless foreign fund outflows and caution ahead of the RBI's interest rate decision. Giving up early gains, the 30-share BSE Sensex declined 97.32 points or 0.12 per cent to settle at 80,267.62. During the day, it hit a high of 80,677.82 and a low of 80,201.15. In eight trading days, the Sensex has tanked 2,746.34 points or 3.30 per ...Read More >
MUMBAI: The domestic equity indices ended the session slightly lower on Tuesday, trading range-bound amid investors showing a cautious approach ahead of the RBI monetary policy outcome. Sensex ended the session at 80, 267.62, down 97 points or 0.12 per cent. The 30-share index started the session in green at 80, 541.77, breaking a seven-day losing streak, against last session's closing of 80, 364.94. However, the index dragged in negative territory following selling in heavyweights like ITC and ...Read More >
Mumbai, Sep 30 (SocialNews.XYZ) The domestic equity indices ended the session slightly lower on Tuesday, trading range-bound amid investors showing a cautious approach ahead of the RBI monetary policy outcome. Sensex ended the session at 80,267.62, down 97 points or 0.12 per cent. The 30-share index started the session in green at 80,541.77, breaking a seven-day losing streak, against last session's closing of 80,364.94. However, the index dragged in negative territory following selling in heav ...Read More >
The recent GST reforms will spur market consumption and boost the domestic economy, Minister of State for Finance Pankaj Chaudhary said on Monday. He said the impact of these reforms will be known in the next four to six months. Chaudhary interacted with businessmen, entrepreneurs, and tax experts in Indore regarding the Goods and Services Tax reforms. "Prime Minister Narendra Modi believes that when GST reforms bring additional money into the hands of the common people, it will definitely bo ...Read More >
GREATER NOIDA: The five-day Uttar Pradesh International Trade Show (UPITS) 2025 concluded on Monday with Union commerce and industry minister Piyush Goyal hailing its success as a "historic reflection" of the double engine government at work. The minister, during the valedictory session at India Expo Centre and Mart, praised the record-breaking participation of 507,099 visitors and over 2,250 exhibitors during the extravaganza. The crowd included 140,000 business delegates and international bu ...Read More >
Sehore (Madhya Pradesh) [India], September 29 (ANI): Union Minister Shivraj Singh Chouhan on Monday interacted with local shopkeepers in a public outreach initiative aimed at promoting Swadeshi products and raising awareness about the revised GST (Goods and Services Tax) rates. The campaign aims to promote the use of locally produced goods while keeping traders and consumers informed about the latest tax updates. Also Read | 'Her Mann Ki Baat': PM Narendra Modi Writes Foreword for Italian Coun ...Read More >
New Delhi, Sep 29 (PTI) The initial public offering (IPO) of logistics service provider Glottis Ltd got subscribed 42 per cent on the first day of bidding on Monday. The three-day IPO received bids for 84,69,402 shares against 2,01,23,929 shares on offer, according to NSE data. Qualified Institutional Buyers' (QIBs) portion attracted 1.79 times subscription while the quota for Retail Individual Investors (RIIs) received 22 per cent subscription. The category for non-institutional investors got ...Read More >
Mumbai, Sep 29 (PTI) Benchmark stock indices Sensex and Nifty closed marginally lower in a volatile session on Monday, extending their downtrend to the seventh day mainly due to selling in banking shares and persistent foreign fund outflows ahead of the RBI's interest rate decision later this week. After gyrating between gains and losses in a restricted trade, the 30-share BSE Sensex declined 61.52 points or 0.08 per cent to settle at 80,364.94. During the day, it hit a high of 80,851.38 and a ...Read More >
Mumbai: Demand for fashion and electronics saw a 15-20% jump in sales over the weekend after the government slashed GST rates on consumer goods, triggering a surge in spending particularly in northern and southern regions although heavy rains dampened turnout in parts of the east and west. The GST that took effect on Monday in categories including clothing, electronics, footwear, and groceries were aimed at reviving household spending. The timing also coincided with the onset of the festive sea ...Read More >
New Delhi, Sep 29 (PTI) Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) India's navratri economy is gaining momentum with strong festive tailwinds as e-commerce sales are projected at Rs 1.2 lakh crore -- with UPI volumes crossing 20 billion transactions in August, and MSME festive credit demand is set to rise 35-40 per cent to Rs 3.45 lakh crore, a report said on Monday. According to Smallcase's report, nine sectors, including auto components, FMCG, defence, clean energy and others, are set to benefit from a combination of festiv ...Read More >
Mumbai (Maharashtra) [India], September 29 (ANI): The stock market opened flat in green on Monday after a sharp correction last week, as investor sentiment remained weak due to U.S. President Donald Trump's tariff policies on pharma and their impact on India. The benchmark Nifty 50 index opened at 24,728.55, gaining 73.85 points or 0.30 per cent, while the BSE Sensex started the day at 80,588.77 with an increase of 162.31 points or 0.20 per cent. Also Read | IND vs PAK, Asia Cup 2025 Final: BC ...Read More >
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