Nestle Financial News

The NSE Nifty index ended the session 183.46 points down at 22704.7, while BSE Sensex fell 667.55 points to 74502.9.

Sensex:Top Gainers: Power Grid Corporation Of India (up 1.52%), Sun Pharmaceutical Industries (up 0.92%), Nestle India (up 0.71%), ITC (up 0.44%), Bharti Airtel (up 0.26%)Top Losers: Tech Mahindra (down 2.35%), ICICI Bank (down 2.19%), Axis Bank (down 1.92%), Bajaj Finserv (down 1.89%), HDFC Bank (down 1.48%)Nifty:Top Gainers: Hindalco Industries (up 3.52%), Power Grid Corporation Of India (up 1.57%), Divis Laboratories (up 1.27%), Nestle India (up 1.00%), Sun Pharmaceutical Industries (up 0.96%)Top Losers: HDFC Life Insurance Company (down 2.87%), SBI Life Insurance Company (down 2.62%), ICICI Bank (down 2.21%), Tata Consumer (down 2.21%), Tech Mahindra (down 2.18%)Nifty MidCap 50:Top Gainers: Suzlon Energy, Jubilant Foodworks, Au Small Finance Bank, L&T Finance Holdings, Vodafone IdeaTop Losers: HDFC Asset Management Company, Ashok Leyland, Tube Investments Of India, Hindustan Petroleum Corporation, AstralNifty Small Cap 100:Top Gainers: Cochin Shipyard, Baheti Recycling Industries, Housing & Urban Development Corporation, Great Eastern Shipping Company, Finolex CablesTop Losers: PNB Housing Finance, Ujjivan Small Finance Bank, Arham Technologies, Narayana Hrudayalaya, ITIBSE:Top Gainers: Sumitomo Chemical India (up 8.79%), Grindwell Norton (up 8.70%), Eid Parry India (up 8.18%), BHARAT DYNAMICS (up 5.99%), Cochin Shipyard (up 5.92%)Top Losers: IFB Industries (down 9.94%), Hatsun Agro Product (down 8.39%), EIGHTY JEWELL-MT (down 7.58%), PNB Housing Finance (down 6.69%), ICICI Prudential Life Insurance Company (down 4.41%)NSE:Top Gainers: Sumitomo Chemical India (up 9.03%), Grindwell Norton (up 8.33%), Eid Parry India (up 8.28%), BHARAT DYNAMICS (up 6.01%), Finolex Industries (up 5.75%)Top Losers: Master Components

India & Bharat ‘Rural India’ is an excessively elastic term which encompasses everything from the prosperous villages in Tamil Nadu’s industrial belt to water-starved hamlets of Vidarbha and Marathwada. But the vast heterogeneity notwithstanding, rural India has been reeling under some setback or the other for the past few years, from the demonetization of 2016 to the NBFC (non-banking financial company) liquidity crisis in 2018 and finally the hammer blow of covid-19 in 2020. A recovery in the farm sector, therefore, has been keenly awaited by both policymakers and corporate India.

Puri Lok Sabha constituency, nestled within the vibrant state of Odisha, holds significance as one of the 21 parliamentary constituencies. Encompassing parts of Khurda, Nayagarh, and Puri districts, it represents a diverse demographic.

Nestle India plans to hire tasters and connoisseurs of premium foods for its soon-to-be-launched super-premium Nespresso coffee and boutiques. «The marketing thinking is very different. For example, the investment in a boutique would run into at least a couple of crores. So, the marketing of the brand, its positioning, advertising support and events have to be very different,» said Suresh Narayanan, chairman of Nestle India. He said the company's premiumisation will «build a new dimension; add to the strengths of the company; in coffee, in chocolates and milk.» ITC, on the other hand, is turning to artificial intelligence (AI) and machine learning (ML) to predict demand and consumer trends in retail stores and supply chains, and recommendations for packs best suited for a particular store, for its premium portfolio which includes Fabelle chocolates, skincare, and deodorants. «AI and ML models are being leveraged to position our premium portfolio across stores,» said Sandeep Sule, divisional chief executive, trade marketing and distribution, ITC, which makes Fiama body washes, Engage fragrances and Fabelle chocolates.

Nestle will market a new, US$5 line of frozen pizzas and protein-enriched pastas in the United States which it says it designed specifically for people taking drugs such as Wegovy or Ozempic for weight loss.

Domestic benchmark index NSE Nifty ended 27.05 points up at 22529.05, while the BSE Sensex closed 52.63 points down at 73953.31.

Top Gainers: SJVN (up 9.94%), Balkrishna Industries (up 9.04%), Star Cement (up 8.59%), Vedanta (up 7.17%), Adani Power (up 7.17%) Top Losers: Triveni Turbines (down 7.19%), Trident (down 5.87%), Aptus Value Housing Finance India (down 5.48%), Godfrey Phillips India (down 5.46%), PB Fintech (down 5.34%) Top Gainers: SJVN (up 9.99%), Balkrishna Industries (up 9.11%), Garden Reach Shipbuilders & Engineers (up 7.40%), Vedanta (up 7.22%), Adani Power (up 7.15%) Top Losers: Triveni Turbines (down 7.16%), Aptus Value Housing Finance India (down 5.81%), Trident (down 5.80%), PB Fintech (down 5.49%), Godfrey Phillips India (down 5.47%) Source: [BSE Top Gainers](https://www.livemint.com/market/bse-top-gainers), [BSE Top Losers](https://www.livemint.com/market/bse-top-losers), [NSE Top Gainers](https://www.livemint.com/market/nse-top-gainers), [NSE Top Losers](https://www.livemint.com/market/nse-top-losers)Milestone Alert! Livemint tops charts as the fastest growing news website in the world

The NSE Nifty index closed 27.05 points up at 22529.05, while BSE Sensex ended down 52.63 points at 73953.31.

The NSE Nifty index ended the session 27.05 points up at 22529.05, while BSE Sensex fell 52.63 points to 73953.31.

Benchmark NSE Nifty closed 27.05 points down at 22529.05 amid buying in frontline bluechip counters.

Bohra Industries Ltd.(up 2.14%), Madras Fertilizers Ltd.(up 2.09%), Khaitan Chemicals & Fertilizers Ltd.(up 1.78%), Mangalore Chemicals & Fertilizers Ltd.(up 0.54%), Sikko Industries Ltd.(up 0.45%), Southern Petrochemicals Industries Corporation Ltd.(up 0.33%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.26%) and National Fertilizers Ltd.(up 0.20%) were among the top gainers.

Honasa Consumer Ltd.(up 5.12%), Future Consumer Ltd.(up 4.77%), JHS Svendgaard Laboratories Ltd.(up 0.81%), Adani Wilmar Ltd.(up 0.79%), Varun Beverages Ltd.(up 0.19%) and Britannia Industries Ltd.(up 0.02%) were among the top gainers.

The NSE Nifty index was trading 36.41 points down at 22465.6, while BSE Sensex was down 215.3 points at 73790.64 at the time of writing this report.

Mint looked at seven companies that proxy advisory firms estimate to pay the most through royalty payments. In addition to the five mentioned above, Mint included two more companies, Procter and Gamble Health Ltd and Colgate-Palmolive Health Ltd, both of which pay more than ₹200 crore in royalty. All Indian companies pay royalties as a percentage of revenue.

Mint. The agency did not respond to Mint’s query on if any products were recalled or if licenses were cancelled in the past five years, for not complying with food laws. It also did not disclose any names of errant food makers.

Mint, two of the largest money managers in Europe opposed the decision of the board of Nestle India. “The performance of the company does not sufficiently demonstrate the benefits of the royalty payments over the years, which have grown at a rate higher than the company's revenues and net profit," said Legal & General Investment Management (LGIM), UK’s largest fund manager, managing $1.5 trillion of assets. Nordea Asset Management, the investment arm of the Nordic region’s largest bank, having $400 billion in assets under management, also opposed the resolution.

global markets, the Indian stock market on Saturday opened on a positive note with Sensex reclaiming the 74,000 level and Nifty crossing the 22,500 mark. Volumes are expected to be low in the market on Saturday as it is a special trading day as part of a disaster recovery exercise. The session is divided into two parts — from 09:15 am to 10 am and 11:45 am-12:40 pm.

Bank Nifty was down by -9.4(-0.02%) at 17 May 2024 10:17:53 IST.Other stocks such as LANCOR HOLDINGS ORD, Brightcom Group, Reliable Data Services, POPULAR VEHICLES AND SERVICES ORD, Secur Credentials hit their fresh 52 wk lows today.

Rajshree Sugars & Chemicals Ltd.(up 3.99%), Triveni Engineering & Industries Ltd.(up 3.36%), Dhampur Sugar Mills Ltd.(up 2.33%), Bajaj Hindusthan Sugar Ltd.(up 2.19%), Kothari Sugars & Chemicals Ltd.(up 1.37%), Sakthi Sugars Ltd.(up 1.34%), Shree Renuka Sugars Ltd.(up 1.20%), DCM Shriram Industries Ltd.(up 1.14%), Simbhaoli Sugars Ltd.(up 1.08%) and Uttam Sugar Mills Ltd.(up 1.04%) were among the top gainers.

Bikaji Foods International Ltd.(up 5.26%), Vadilal Industries Ltd.(up 4.51%), LT Foods Ltd.(up 4.15%), Sheetal Cool Products Ltd.(up 2.31%), Jyothy Labs Ltd.(up 2.06%), Parag Milk Foods Ltd.(up 1.78%), Marico Ltd.(up 1.32%), Hatsun Agro Products Ltd.(up 1.06%), Umang Dairies Ltd.(up 1.05%) and Adani Wilmar Ltd.(up 0.89%) were among the top gainers.