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As Nifty Bank flirts with bear market, some see room for 10% more fall SECTIONS Share Synopsis Analysts believe that buying the dip in banking stocks may not be the most prudent strategy for investors. Getty Images Related NSE Explore Now MUMBAI: As Nifty Bank index flirts with another bear market in the span of just 14 months, analysts are concerned that the worst of the selling pressure is yet to come for bank stock investors. The banking index has fallen 18 per cent from a record high 37,708 hit on February 16, as rising Covid infections and localised lockdowns have led investors to believe that concerns around asset quality will only worsen. ....
: Tuesday, April 20, 2021, 10:05 PM IST Nestle profit rises 14.6% to Rs 602.25 cr in Jan-Mar, sales up 8.9% to Rs 3,600 cr According to the company, Growth broad-based and largely driven by volume and mix as key products boosted by in-home consumption and posted double-digit growth Nestle India Q3 net profit down 1.37% to Rs 587 crore FMCG major Nestle India Ltd on Tuesday reported a 14.62 per cent rise in its net profit to Rs 602.25 crore for the quarter ended in March 2021 driven by increase in sales volume of its key products. The company, which follows January-December financial year, had posted a profit of Rs 525.43 crore in the same period a year ago. ....
Explore Now MUMBAI: Fast-moving consumer goods company Nestle India is likely to report a 12 per cent year-on-year rise in net profit to Rs 589 crore for the quarter ended March, an average of estimates by eight brokerages showed. The company is also expected to report a strong 8.2 per cent on-year growth in revenues in the quarter to Rs 3,598.1 crore, an analysts’ poll showed. Nestle India considers January-December as its financial year. Nestle India will report its first quarter earnings on Tuesday. The company’s strong topline growth will be largely due to the broad-based growth expected in the domestic market despite the handicap of a strong quarter in a year ago. Brokerage firm Axis Securities expects the company’s domestic revenues to grow 9 per cent led by 7 per cent rise in volumes and 2 per cent increase in prices. ....
States in India fight each other for jobs with laws to hire local SECTIONS States in India fight each other for jobs with laws to hire localBy Bibhudatta Pradhan, Bloomberg Last Updated: Apr 01, 2021, 10:03 AM IST Share Synopsis A slowing economy and a dearth of new jobs has prompted northern Haryana state, where Gurugram is located, to implement a new law last month that limits private companies from hiring workers from other states. (Representative image) A short drive from the capital of New Delhi, Gurugram has become one of India’s wealthiest cities with business-friendly policies that have attracted multinationals such as Alphabet Inc.’s Google, PepsiCo Inc. and Nestle India Ltd. But suddenly that reputation is at risk. ....
Indian States Fight Each Other for Jobs With Laws to Hire Local Apr 01 2021, 10:18 AM April 01 2021, 2:30 AM April 01 2021, 10:18 AM (Bloomberg) A short drive from the capital of New Delhi, Gurugram has become one of Indiaâs wealthiest cities with business-friendly policies that have attracted multinationals such as Alphabet Inc.âs Google, PepsiCo Inc. and Nestle India Ltd. But suddenly that reputation is at risk. (Bloomberg) A short drive from the capital of New Delhi, Gurugram has become one of Indiaâs wealthiest cities with business-friendly policies that have attracted multinationals such as Alphabet Inc.âs Google, PepsiCo Inc. and Nestle India Ltd. But suddenly that reputation is at risk. ....