Nestle Financial News

Domestic benchmark index NSE Nifty fell 121.3 points to 22970.9, while the BSE Sensex traded 369.37 points down at 75821.09.

Subscribe to enjoy similar stories. The Indian fast-moving consumer goods (FMCG) industry has been experiencing continuous expansion recently. The key drivers of this expansion are consumer-driven growth and higher product prices, particularly for essential goods.

Indian dining scene is a feast for the senses, and at the pinnacle stands Gaggan. This iconic restaurant — a culinary wonderland nestled in a charming, colonial-style villa — run by chef Gaggan Anand, features two floors with intimate, enclosed rooms.

Subscribe to enjoy similar stories. “The market is a pendulum that forever swings between unsustainable optimism and unjustified pessimism," said Benjamin Graham The Nifty 100 is a benchmark stock market index in India that tracks the performance of the top 100 companies listed on the National Stock Exchange (NSE). It is a broader index compared to the Nifty 50 and represents the combined performance of the Nifty 50 and Nifty Next 50 stocks.

The NSE Nifty index traded 197.5 points down at 23114.3, while BSE Sensex was 726.88 points at 76315.94 as of 11:06AM(IST)on January 17.

Bannari Amman Sugars Ltd.(up 1.28%), Simbhaoli Sugars Ltd.(up 0.83%) and DCM Shriram Industries Ltd.(up 0.12%) were among the top gainers.

Tasty Bite Eatables Ltd.(up 4.16%), Gopal Snacks Ltd.(up 4.03%), Sheetal Cool Products Ltd.(up 3.27%), JHS Svendgaard Laboratories Ltd.(up 2.91%), Euro India Fresh Foods Ltd.(up 2.89%), Varun Beverages Ltd.(up 2.54%), Parag Milk Foods Ltd.(up 2.25%), Godrej Consumer Products Ltd.(up 1.85%), Dangee Dums Ltd.(up 1.75%) and Honasa Consumer Ltd.(up 1.61%) stood among the top gainers.

energy stocks. The BSE Sensex rose 251 points, or 0.32%, to 76,748, while the Nifty50 gained 50 points, or 0.22%, to trade at 23,226 around 9:23 am.

JHS Svendgaard Laboratories Ltd.(up 4.69%), Umang Dairies Ltd.(up 4.64%), Vadilal Industries Ltd.(up 3.57%), Heritage Foods Ltd.(up 3.56%), Sheetal Cool Products Ltd.(up 3.30%), Nakoda Group Of Industries Ltd.(up 3.09%), Patanjali Foods Ltd.(up 2.82%), Prataap Snacks Ltd.(up 2.69%), ADF Foods Ltd.(up 2.62%) and Dodla Dairy Ltd.(up 2.52%) stood among the top gainers.

Subscribe to enjoy similar stories. For many first-time investors, stock analysis can feel like navigating a maze of numbers and jargon. But here's the truth: It's not as complicated as it seems.

Domestic benchmark index NSE Nifty ended 162.46 points at 23526.5, while the BSE Sensex closed 528.28 points down at 77620.21.

Sensex and Nifty 50 opened marginally lower on Friday, dragged down by index heavyweights Infosys, TCS, and ICICI Bank. The BSE Sensex was trading 366.23 points, or 0.46%, lower at 79,577.48. The Nifty50 was down 19 points, or 0.23%, trading at 24,169 around 9:35 am.

The NSE Nifty index closed 22.55 points up at 23750.2, while BSE Sensex ended 0.39 points at 78472.48.

The NSE Nifty index ended the session 22.55 points up at 23750.2, while BSE Sensex 0.39 points to 78472.48.

The NSE Nifty index ended the session 165.96 points up at 23753.45, while BSE Sensex 498.58 points to 78540.17.

Indian badminton champion and Olympian PV Sindhu is set to marry her fiancé, Venkata Datta Sai, a businessman from Hyderabad, in an intimate ceremony on Sunday, December 22, 2024. The couple, who announced their engagement on December 14 with a heartwarming Instagram post featuring them holding rings and beaming with joy, will exchange vows at the luxurious Raffles Udaipur Resort in Rajasthan.

Benchmark NSE Nifty closed 364.21 points down at 23587.5 amid selling in frontline bluechip counters.

Nestle India on Thursday said the suspension of the MFN (most favoured nation) clause granted to India by Switzerland will have 'no impact' on the company. The suspension of MFN status under the Double Taxation Avoidance Agreement (DTAA) is a policy issue between the government of India and Switzerland and is not 'Nestle-specific', the FMCG firm said in a statement. Nestle India, which owns popular brands such as Maggi, Nescafe and KitKat, said the company was already «deducting 10 per cent withholding tax» on cross-country payments. Earlier on December 11, the Swiss government had announced the suspension of the MFN status granted to India following a ruling by the Supreme Court of India, which in a judgement last year had said MFN status under the DTAA cannot be enforced unless notified under Section 90 of the Income Tax Act.

household budgets, potentially worsening stressed urban demand. Starting this month, fast-moving consumer goods (FMCG) companies such as Hindustan Unilever, Godrej Consumer, Dabur, Tata Consumer, Parle Products, Wipro Consumer, Marico, Nestle and Adani Wilmar are rolling out price hikes to offset higher commodity costs and increased customs duty, said executives at companies and FMCG distributors. The entire basket — from tea and edible oil to soap and skin cream-will be 5-20% more expensive, marking the biggest price hike in 12 months. Companies' production costs have swelled due to 22% increase in import duty on edible oil this September, and up to 40% in calendar year 2024. In 2023 too, the cost of key commodities such as sugar, wheat flour and coffee had surged.