At Hindustan Unilever, the country s biggest consumer company by both sales and market value, the story isn t vastly different. The FMCG bellwether said its premium portfolio expanded more than two-and-a-half times the mass segment over the past few quarters.
The markets are turning volatile as we approach the Budget. Karthikraj Lakshmanan, Investment Analyst at UTI AMC, has a preference for private banks over PSUs and expects them to continue growing faster than the banking industry. FMCG companies face challenges with muted volume growth, but a recovery in rural areas could play a role. In the healthcare space, the domestic market offers good prospects while companies focusing on complex generics in the export market could see growth.
The opening of the Ram temple in Ayodhya on January 22 is not only a significant religious event but also holds substantial economic implications. According to a report by Jefferies, the expected $10 billion makeover, including a new airport, revamped railway station, township, and improved road connectivity, could transform Ayodhya into a global religious and spiritual tourist hotspot.
The board of the company in a meeting on Friday approved the "raising of funds through the issuance and allotment of Commercial Papers, for an amount not exceeding ₹3,500 crore," to be utilised for bridge funding to facilitate the payment for the two proposed acquisitions, said Tata group FMCG arm in a regulatory filing.