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Udaan s FMCG business head, Vinay Shrivastava, has resigned amid a series of senior exits at the B2B e-commerce firm. Shrivastava, with nearly four years at Udaan, contributed to significant growth in market share and business. Udaan is restructuring its teams and business verticals, merging essentials with discretionary business. Shrivastava s departure follows the exits of the group CFO and other senior executives since September 2023. The company recently raised $340 million in Series E, but its valuation reportedly fell to around $1.8 billion in a down round. ....
Union Budget announcements wield significant influence over the stock market, shaping trends in various sectors based on government policies and financial plans. Here s how you should prepare your portfolio for the upcoming Interim Union Budget. ....
Fmcg: With a focus on boosting consumption, industry leaders reiterated the need for rural job creation, investments in infrastructure and agriculture, incentives for capital expenditure, and research and development, which can have a multiplier effect on the rural economy, thus supporting increased consumption. ....
ITC declares an interim dividend of ₹6.25 per ordinary share for FY 23-24. The record date is set for February 8 and the dividend will be paid between February 26 and February 28. ....
For the year ended December 31, 2023, the S&P BSE Capital Goods Index experienced a remarkable surge of 66.89%, outpacing the Nifty50 and Sensex by considerable margins. ....