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NourishCo Beverages, subsidiary of Tata Consumer Products,in an interview. “The problem (of local competition) magnifies if companies sell the same products. We have a combination of differentiated products, great value, national advertising at scale and investments in distribution muscle, which is difficult to emulate,” he said.

non-basmati rice variety favoured by overseas Indians, which are struggling to secure staple after New Delhi banned the exports, a leading trade body requested the government. The world's biggest exporter of rice surprised buyers last month by imposing a ban on exports of non-basmati white rice after retail rice prices climbed 3% in a month after late but heavy monsoon rains caused significant damage to crops.

brands offset lower volumes. The world's largest spirits maker tapped into higher demand from amateur cocktail makers during the COVID-19 pandemic that has driven at-home sales since. Households began trading up along the way, investing in brands such as Bulleit Bourbon and Don Julio tequila.

Another Monday, another week full of important figures and decisions that could affect your clients’ investment decisions.

foldable smartphones, the Galaxy Fold 5 and Galaxy Flip 5, will help the company to secure 50 per cent of the super premium smartphone segment in India, reported PTI. Presently, this market is dominated by Apple, the maker of iPhones. The super premium smartphone segment consists of devices priced above USD 1,000 (approximately ₹82,000).

Samsung is aiming to achieve over 50% market share in the super-premium price segment (above $1000) in India with the launch of its latest foldable smartphones, where it already accounts for 35% share, with the country operating as one of its fastest growing, largest, and strategic markets, said a top Samsung executive. “In the second half of 2023, with the new and improved Galaxy Z Fold5 and Z Flip5, we will be solidifying our foldable leadership in the India market,” said TM Roh, president and head of MX (Mobile Experiences) business, Samsung Electronics. The executive added that the timing for when the foldable form factor will be replacing the conventional bar-type phones will largely depend on India. The company expects to ship 30 million units of cumulative sales of its foldables in 2023, with the year expected to be a tipping point “where the foldable category is going to become a mainstream category,” Roh said, adding that in the future, the foldable form factor is going to expand to other categories like tablets and PCs. The segment itself is expected to become mainstream in another five years, and surpass 100 million units per year, Roh said, citing market research organisations. He added that the company is working with strategic parts suppliers to make the form factor more affordable.

Pernod Ricard, world's second biggest distiller, is evaluating options to launch India-made premium spirits including whisky, rum and gin, to cash in on the surging demand for pricier and craft liquor products across segments. The French firm has already launched an Indian single malt currently being test-marketed in Mumbai and Goa, joining the league of companies such as Diageo and Radico Khaitan that launched high-end local brands such as Epitome Reserve and Rampur. Kartik Mohindra, chief marketing officer and head global business development, at Pernod Ricard India, said the Indian single malt, christened Seagram's Longitude 77, is going to be targeted at matured whisky consumers.

By Mariam Sunny

Life Insurance Corporation of India (LIC) has introduced a new life insurance plan called 'LIC Jeevan Kiran', which offers both life cover and return of premium. The plan caters to 18 to 65-year-old subscribers.

LIC Jeevan Kiran (Plan 870): The Life Insurance Corporation of India (LIC) has launched a new plan named Jeevan Kiran. This is a term insurance plan best suited for working individuals who have dependents (Children, parents) and are looking for a considerable sum of protection against uncertainties of life (death) at fairly low prices.

ethnic wear category has doubled over the last year with 60 per cent of the contribution coming from metros and tier-1 cities. The company’s premium ethnic wear segment starts at Rs 2500. The ethnic wear category houses more than 3.85 lakh styles from 1000 plus brands, said the company’s statement.

Small-cap stock below ₹5: GG Engineering shares are one of those small-cap stocks listed on Dalal Street that has declared rights issue. GG Engineering rights issue 2023 opened for investors on 20th July 2023 and the offer will remain open till 31st July 2023. The small-cap company with a market cap of around ₹102 crore aims to raise 49.88 crore from its rights offer.

₹942.50 apiece levels whereas it opened on NSE at ₹947 per share against its issue price of ₹475 to ₹500 per equity share. However, Netweb Technologies share price further ascended and went on to hit intraday high of ₹953 per share levels while on NSE it went on to hit intraday high of ₹952 per share.

two-wheeler insurance policy. The age and type of your two-wheeler are significant factors that insurance companies consider while determining the premium. Generally, older vehicles have lower premiums compared to newer ones because of their reduced market value and lower replacement costs.

₹947 per share, 89.4 percent higher than the issue price, and on the BSE, the Netweb Technologies shares were listed at ₹942.50 per share. Netweb Technologies IPO opened for subscription on Monday, July 17, and ended on Wednesday, July 19. The company has fixed the price band at ₹475 to ₹500 per equity share for the proposed initial public offer.

By Joyce Lee

Samsung on Wednesday announced its fifth generation of Galaxy Foldables – Galaxy Z Flip5 and Z Fold5, along with new Galaxy tablets and smartwatches. The Galaxy Z Flip5 comes with a larger cover display, that the company claims is 3.78 times larger than the previous generation, supporting a wider range of capabilities including support for more widgets, a full-fledged typing experience and access to quick settings, along with the camera.

₹70.90 per share, 5.8 percent higher than the issue price of ₹67 on the NSE SME exchange. Post listing, Service Care share price was locked at 5% lower circuit at ₹67.35. The Service Care IPO is a small- and medium-sized enterprise IPO that consists of a fresh equity issue of up to 30.86 lakh shares for a maximum of ₹20.68 crore.

₹98.80 per share, 90 percent higher than the issue price of ₹52 on the BSE SME exchange. Asarfi Hospital IPO began accepting subscriptions on Monday, July 17, and it closed on Wednesday, July 19, 2023. The company set the IPO's price band at ₹51 to ₹52 per equity share The entire Asarfi Hospital IPO consists of a fresh offering of 51.80 lakh equity shares for a total of up to ₹26.94 crore.

Star Sports and streaming platform Disney+ Hotstar have released rate cards for advertisers for the upcoming Asia Cup and ICC Cricket World Cup. Star Sports is asking for Rs 120 crore for co-presenting sponsorship and Rs 90 crore for associate sponsorship opportunities for the World Cup. The broadcaster is asking spot buyers to pay a premium rate of Rs 31 lakh per 10-seconds for India and knockout matches. The sports broadcaster aims to secure Rs 26 crore for co-presenting sponsorship and Rs 20 crore for associate sponsorship for the Asia Cup while seeking spot buy rates of Rs 25 lakh per 10 seconds for India vs. Pakistan as well as the final match. "Disney Star will make every effort to capitalise on both events. It is counting on a variety of factors, including the festive season, India vs. Pakistan matches, and the ICC World Cup taking place in India after 12 years, to work in its favour," said a top ad sales executive. Industry watchers said that a lack of ad spending by startups coupled with the levy of 28% GST on gaming companies might upset the media company's ad revenue targets. Gaming has become one of the key advertising categories with annual ad spends by gaming companies estimated at $1 billion.

₹381 crore for the first quarter ended June 30 of the fiscal year 2024, as compared to ₹263 crore in the year-ago period.