Nestle Financial News

Torrent Power Ltd.(up 1.77%), KKV Agro Powers Ltd.(up 0.16%) and Kalpataru Projects International Ltd.(up 0.06%) were among the top gainers.

Krishana Phoschem Ltd.(up 0.18%) were among the top gainers.

Tata Motors and Bajaj Auto), cement (at 26 percent, UltraTech Cement), industrials (at 25 percent, Adani Ports and L&T), financials (at 16 percent, Bajaj Finance, Bajaj Finserv, HDFC Life, and SBI Life), and IT (at 15 percent, Tech Mahindra and LTI Mindtree)," it predicted. Top Picks: ICICI Bank, HDFC Bank, Maruti Suzuki, Tata Motors, Hero MotoCorp, L&T, ABB, BEL, UltraTech, Ambuja, JK Cement, Tata Steel, Hindalco, LTIMindtree, HCL Tech, Persistent, Ratnamani Metals, APL Apollo, Dr Reddy’s, Syngene, Finolex Cables, PG Electroplast, Kaynes Technology, Concor, Mahindra Logistics, GAIL, IGL, Shriram Finance, SBI Life, Aarti industries, SRF, GCPL, Nestle, Trent, Coromandel.

Yogurt sold in the U.S. can make claims that the food may reduce the risk of type 2 diabetes, based on limited evidence, the U.S. Food and Drug Administration said Friday. The agency agreed that there is some evidence, but not significant scientific agreement, that eating at least 2 cups of yogurt per week may reduce the chance of developing the disease that affects about 36 million Americans. FDA has allowed qualified health claims — a claim that lacks full scientific support but is allowed as long as there are disclaimers to keep from misleading consumers — for dietary supplements since 2000 and foods since 2002. The agency had faced lawsuits that challenged the standard of requiring scientific agreement based on claims that it violated free speech guarantees.

cheese. It's the secret weapon that can transform dull, mass-produced fare into edible delights. No wonder, it is there everywhere — as a filler nestled within burgers, as a flavourful dip accompanying side dishes, as an entity lathered in a dosa... Recently, however, a cheesy kerfuffle erupted in Maharashtra after the state FDA cancelled the licence of a McDonald's outlet in Ahmednagar for using cheap vegetable oil instead of cheese in its products. A news report in this veritable paper stated that the FDA officials found that McCHEESE burgers, CHEESY nuggets, and CHEESY dips were actually — horror of horrors! — 'cheese flavoured'. The regulator alleged that the company used cheese analogues, which replicate the taste and texture of real dairy cheese, without proper disclosure on labels or display boards, misleading consumers into thinking they were eating the real thing.

Sun Estate Developers has introduced two prestigious projects — Sol Reserve and Saipem Hills 2 — in the vibrant state of Goa. Designed by the renowned Singapore-based architect BLINK, these projects epitomize sophistication and elegance, according to the company.

In the bustling streets of Gurugram, amidst the honking of cars and the rush of daily life, lies a hidden gem capturing the hearts of investors and homebuyers alike – New Gurugram.

political turmoil, numerous voices have advocated for boycotting products, services, brands and even nations as a mark of protest. Take the BDS — boycott, divestment, sanctions — movement, which wants to pressure Israel to change its policies towards Palestinians through various forms of economic and political actions. It first gained international attention in the early 2000s. It has targeted global business entities such as Nestle, Burger King, Disney, Siemens, HP, Puma, Carrefour and others for supporting Israel, covertly or overtly. Many governments have also taken this route. Last year, Turkish parliament withdrew Coca-Cola and Nestle products from restaurants in parliament for supporting Israel. India has done things more subtly. It used BJP's social media arm to mobilise people to boycott Chinese products after border skirmishes, and to boycott the Maldives as a tourist destination after a minister made uncharitable remarks about India.

Chloe has revisited its vibrant 1970s essence, infused with Karl Lagerfeld’s indelible influence, propelling the brand into a new era while honoring its pioneering ready-to-wear legacy under new designer Chemena Kamali

Indian equity indices traded with gains on Friday, as faster-than-expected domestic economic growth and in-line U.S. inflation data boosted sentiment. The BSE Sensex was trading 405 points or 0.56% lower at 72,905. Nifty50 was trading at 22,119, up 139 points or 0.63% at around 9.20 am.

JHS Svendgaard Laboratories Ltd.(up 5.00%), Dangee Dums Ltd.(up 2.19%), Godrej Consumer Products Ltd.(up 1.92%), Tata Consumer Products Ltd.(up 1.90%), Britannia Industries Ltd.(up 1.59%), LT Foods Ltd.(up 1.36%), Colgate-Palmolive(India)Ltd.(up 1.21%), Nestle India Ltd.(up 0.99%), ADF Foods Ltd.(up 0.93%) and Dodla Dairy Ltd.(up 0.90%) stood among the top gainers.

Varun Beverages has gained the most, almost 12 percent, followed by Godrej Consumer, up 10.2 percent, Tata Consumer, up 8.7 percent and United Spirits, up 2.8 percent. However, Emami is the top loser in the index, down over 18 percent, followed by ITC, down 11.8 percent. Meanwhile, HUL, P&G Hygiene, Britannia, and United Breweries also lost between 6 and 9.5 percent.

The BSE Sensex was trading 30 points or 0.04% lower at 72,274. Nifty50 was trading at 21,910, down 40 points or 0.18% at around 9.23 am.

Sandeshkhali, West Bengal authorities arrested Trinamool Congress (TMC) leader Sheikh Shahjahan on Thursday, following allegations involving 'sexual assault and land appropriation.'. Shahjahan was arrested in Minakhan, North 24 Parganas district, after he had evaded capture by both state and central agencies for over a month. He is slated to appear before the court today. Sandeshkhali, situated in West Bengal's North 24 Parganas district, has become a focal point for protests against TMC leader Shahjahan Sheikh this month, particularly among women seeking redress for purported abuses attributed to him.

wedding of Anant Ambani and Radhika Merchant, the Ambani family has embarked on a remarkable initiative, unveiling 14 newly constructed temples nestled within a vast temple complex in Jamnagar, Gujarat. These temples stand as a testament to India's rich cultural and spiritual heritage, offering a serene backdrop for the forthcoming celebrations.

After the long weekend markets continued to sell off, bringing the S&P 500 and Nasdaq back to breakout support while the Russell 2000 (IWM) shaped a potential double top.

By Richa Naidu

By Richa Naidu and Dominique Vidalon

Nestle India Ltd , Varun Beverages, Jyothy Labs are top 3 picks of Axis Securities in FMCG segment post the December quarter results. The consumer companies saw impact of weak demand on their December quarter performance even though the falling commodity prices provided cushion to their operating performance. “Most staple companies under our coverage have indicated a subdued demand environment, particularly in the mass end of the segment, as rural areas continue to face pressure", said analysts at Axis Securities.

Britannia Industries, Godrej Consumer Products, Tata Consumer Products, Jyothy Labs, Heritage Foods, Mrs. Bectors Food and Varun Beverages are the top picks of Sharekhan post Q3 results The financial performance some companies stood out and Jyothy Laboratories, Radico Khaitan, Varun Beverages and Nestle India were among Leaders for Q3FY2024, as per Sharekhan Laggards for Q3FY2024 howver included Zydus Wellness, Hindustan Unilever and Bajaj Consumer Care as per them. Consumer companies saw impact of weak demand during the quarter impact their volumes and revenue growth while price cuts taken to support volumes further put pressure on topline growth.

National Aeronautics and Space Administration (NASA) released a vibrant image captured by the NASA, European Space Agency (ESA) Hubble Space Telescope showcasing a bustling star-forming region. The focal point of the image, identified as IRAS 16562-3959, is nestled within the Milky Way galaxy approximately 5,900 light-years away in the Scorpius constellation, as stated in the official release.