AGRO Financial News

Subscribe to enjoy similar stories. MUMBAI: As Kwality Wall’s (India) prepares for life after Hindustan Unilever, the ice-cream seller plans to become a year-round ‘snacking’ company, leading that change, top executives told Mint. “We are leading the shift of ice-cream, moving from a leisure snack or a leisure dessert to an everyday frozen snack.

Cross-border payments are a relatively new but fast-growing fintech segment in India, with the Reserve Bank of India’s (RBI) payment aggregator–cross border (PA-CB) framework drawing in a new crop of startups alongside larger payments firms looking to build export and import payment rails. Firms such as Skydo and BriskPe have secured RBI approvals in recent months, while Razorpay and Cashfree are also expanding in the category, reflecting the size of the opportunity in a market tied closely to India’s trade flows.India’s trade exposure makes the segment worth watching closely.

₹5,065 crore, up 60% year-on-year, according to an earnings statement from Reliance Industries.India’s FMCG sector remains dominated by established players such as Hindustan Unilever Ltd, which reported revenue of about ₹64,138 crore in FY25—highlighting the scale of the opportunity Reliance is targeting as it builds its consumer business.“What Reliance is doing is cobbling together a portfolio of brands that already have some momentum,” said Arvind Singhal, chairman of The Knowledge Company, a Gurgaon-based management consulting firm.Mint explains the strategy behind Reliance’s push to acquire regional brands and how it differs from rivals.Over the past few years, Reliance Consumer Products Ltd (RCPL) has assembled a portfolio of regional brands across food, beverages and personal care.One of its latest additions is Chennai-based Southern Health Foods Pvt. Ltd, which sells millet-based foods, health mixes and baby nutrition products under the Manna brand.

Nagarjuna Fertilizers and Chemicals Ltd.(up 1.85%) and Chambal Fertilisers & Chemicals Ltd.(up 0.04%) were among the top gainers.

Mangalore Chemicals & Fertilizers Ltd.(up 9.43%), Paradeep Phosphates Ltd.(up 5.26%), Nagarjuna Fertilizers and Chemicals Ltd.(up 4.94%), Aries Agro Ltd.(up 4.75%), Agro Phos India Ltd.(up 3.57%), Madras Fertilizers Ltd.(up 3.15%), Zuari Agro Chemicals Ltd.(up 2.75%), Sikko Industries Ltd.(up 2.63%), Gujarat State Fertilizer & Chemicals Ltd.(up 2.13%) and Rashtriya Chemicals & Fertilizers Ltd.(up 1.88%) stood among the top gainers.

Khaitan Chemicals & Fertilizers Ltd.(up 5.47%), Rama Phosphates Ltd.(up 4.22%), Paradeep Phosphates Ltd.(up 3.88%), Krishana Phoschem Ltd.(up 3.62%), Agro Phos India Ltd.(up 3.18%), Madras Fertilizers Ltd.(up 3.02%), Southern Petrochemicals Industries Corporation Ltd.(up 2.25%), Zuari Agro Chemicals Ltd.(up 2.23%), Madhya Bharat Agro Products Ltd.(up 2.18%) and Gujarat State Fertilizer & Chemicals Ltd.(up 1.92%) were among the top gainers.

Benchmark NSE Nifty closed 105.11 points up at 23591.95 amid buying in frontline bluechip counters.

These high-performing stocks that rallied more than 10% during the session included, Genus Paper Boards(13.28%), Looks Health Services(12.68%), India Finsec(10.32%) and Pil Italica Lifestyle(10.03%).

Marico Ltd.(up 1.81%), Nakoda Group Of Industries Ltd.(up 1.72%), Sheetal Cool Products Ltd.(up 1.29%), Nakoda Group Of Industries Ltd.(up 1.27%), Hatsun Agro Products Ltd.(up 0.98%), Bikaji Foods International Ltd.(up 0.93%), Heritage Foods Ltd.(up 0.89%), LT Foods Ltd.(up 0.54%), JHS Svendgaard Laboratories Ltd.(up 0.49%) and Procter & Gamble Hygiene & Healthcare Ltd.(up 0.46%) were among the top gainers.

Bohra Industries Ltd.(up 2.00%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 1.14%) and Aries Agro Ltd.(up 0.59%) stood among the top gainers.

Benchmark NSE Nifty index rose 231.8 points to 23582.2 amid buying in frontline bluechip stocks.

Transformers & Rectifiers(India)Ltd.(up 9.76%), Inox Wind Energy Ltd.(up 8.77%), Orient Green Power Company Ltd.(up 6.52%), GE Vernova T&D India Ltd.(up 4.97%), SJVN Ltd.(up 4.57%), Voltamp Transformers Ltd.(up 4.22%), NLC India Ltd.(up 3.84%), Reliance Power Ltd.(up 3.76%), Kalpataru Projects International Ltd.(up 3.68%) and GMR Power and Urban Infra Ltd.(up 3.48%) stood among the top gainers.

Madras Fertilizers Ltd.(up 5.19%), Rashtriya Chemicals & Fertilizers Ltd.(up 4.53%), Paradeep Phosphates Ltd.(up 4.01%), Nagarjuna Fertilizers and Chemicals Ltd.(up 3.97%), Agro Phos India Ltd.(up 3.42%), Khaitan Chemicals & Fertilizers Ltd.(up 3.23%), The Fertilisers and Chemicals Travancore Ltd.(up 2.99%), Gujarat State Fertilizer & Chemicals Ltd.(up 2.79%), National Fertilizers Ltd.(up 2.62%) and Madhya Bharat Agro Products Ltd.(up 2.31%) were among the top gainers.

revenue and profit is to check their relative financial performance and pick up companies that have reported growth in these parameters. According to the ETIG analysis, there are nine companies in ET 500, which have reported revenue and net profit in nine months to December that exceeded the corresponding numbers for the previous fiscal year, that is FY24. The list includes brokerage firm Motilal Oswal Financial Services, AU Small Finance Bank, infrastructure companies such as GMR Power, Texmaco Rail and Engineering, and Suzlon Energy, electronics manufacturer Dixon Technologies, new age companies Zomato and PB Fintech, and Gokul Agro Resources, which manufactures edible and nonedible oils.

Benchmark NSE Nifty index rose 245.41 points to 22754.15 amid buying in frontline bluechip stocks.

Benchmark NSE Nifty index rose 88.3 points to 22485.5 amid buying in frontline bluechip stocks.

Coromandel International Ltd.(up 2.05%), Bohra Industries Ltd.(up 2.00%), Paradeep Phosphates Ltd.(up 1.86%), Mangalore Chemicals & Fertilizers Ltd.(up 1.62%), Agro Phos India Ltd.(up 1.41%), Southern Petrochemicals Industries Corporation Ltd.(up 0.68%), Krishana Phoschem Ltd.(up 0.54%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.27%) and Rama Phosphates Ltd.(up 0.09%) stood among the top gainers.

Rama Phosphates Ltd.(up 3.36%), Bohra Industries Ltd.(up 2.00%), Southern Petrochemicals Industries Corporation Ltd.(up 1.74%), Madras Fertilizers Ltd.(up 1.54%), Paradeep Phosphates Ltd.(up 1.53%), Coromandel International Ltd.(up 1.49%), Gujarat State Fertilizer & Chemicals Ltd.(up 1.40%), Agro Phos India Ltd.(up 1.20%), Rashtriya Chemicals & Fertilizers Ltd.(up 1.19%) and Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 0.99%) were among the top gainers.

Jaiprakash Power Ventures Ltd.(up 4.26%), NTPC Green Energy Ltd.(up 3.02%), Energy Development Company Ltd.(up 2.29%), Jyoti Structures Ltd.(up 2.08%), KEC International Ltd.(up 1.64%), India Power Corporation Ltd.(up 1.59%), NLC India Ltd.(up 1.43%), Tata Power Company Ltd.(up 1.23%), Kalpataru Projects International Ltd.(up 1.22%) and Karma Energy Ltd.(up 0.99%) were among the top gainers.

Nagarjuna Fertilizers and Chemicals Ltd.(up 2.95%), Krishana Phoschem Ltd.(up 2.42%), Bohra Industries Ltd.(up 1.99%), Aries Agro Ltd.(up 1.15%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 1.10%), Southern Petrochemicals Industries Corporation Ltd.(up 0.85%) and Madhya Bharat Agro Products Ltd.(up 0.55%) were among the top gainers.

The Kolkata bench of the National Company Law Tribunal (NCLT), on October 18, 2024, approved the resolution plan filed by Uniglobal Papers, which was challenged by Merico Agro Industries and Nagri Farm Tea Co before the appellate tribunal. While approving the resolution plan, the NCLT in its order (paragraphs 18) had asked Uniglobal Papers, the successful bidder, to make an application for renewal of the leases and to get possession, if granted.