Shares of Marico Ltd. traded 0.38 per cent up at Rs 519.7 on Monday at around 11:11AM (IST), while the benchmark BSE Sensex advanced 562.73 points to 74292.89. As many as 8,785 shares changed hands on the counter with a total value of Rs 0.46 crore. The stock quoted a 52-week high price of Rs 595.0 and a 52-week low of Rs 486.75. On the technical charts, the 200-DMA of the stock stood at Rs 536.54, while 50-DMA was at Rs 511.68. If a stock trades above 50 DMA and 200 DMA, it usually means…
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Author: newsworm
Nestle: Nestle working on Cerelac with no added sugar | Delhi News
Rupali.MukherjeeNew Delhi: Under attack for high sugar content in baby food Cerelac sold in the country, the Swiss FMCG major is planning to launch the popular infant formula with “no added sugar” in India.The company has already been on a journey to reduce it to a bare minimum, but this will gather momentum now, Nestle’s chairman and managing director Suresh Narayanan said here Monday.“Hopefully we would like to see a product with no added sugar… the journey to make our products…
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Chinese spend more on diapers and Colgate despite economic woes
By Jessica DiNapoliNEW YORK (Reuters) – Chinese shoppers are spending a little more on diapers and some Colgate toothpastes, according to executives at the makers of these products, even as consumers fret about the country’s property crisis and faltering economy.China’s economic slump after the pandemic has weighed on sales at consumer packaged goods companies, who had targeted the world’s second-biggest economy as a major source of growth.Investors and analysts are keeping…
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Source: https://whbl.com/2024/04/29/chinese-spend-more-on-diapers-and-colgate-despite-economic-woes/
Patanjali Group firms under DGGI scanner for non-payment of GST, fake ITC
Fresh troubles seem to be in the offing for Patanjali Group companies led by Baba Ramdev. Directorate General for GST Intelligence (DGGI) is understood to have issued 2 show-cause notices to Patanjali Group companies — Patanjali Ayurved and Patanjali Foods.According to sources, “DGGI has sent two show cause notices to Patanjali group companies — Patanjali Ayurved Ltd and Patanjali Foods Ltd on April 19, 2024, for alleged non-payment of GST and wrongfully claiming Input Tax Credit…
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Nifty 50 & BSE Sensex Drop as TCS, Infosys, Reliance, HUL, HDFC Bank Show Mixed Results
The Indian stock market closed in the bearish on Friday, April 26th, with the benchmark indices Nifty 50 and BSE Sensex witnessing declines. The Nifty 50 settled at 22,419.95, down 150 points or 0.67%, while the Sensex closed at 73,730.16, shedding 609 points or 0.82%.
The Nifty’s day range fluctuated between 22,385.55 and 22,620.40, while the Sensex traded within a range of 73,616.65 to 74,515.91 over the course of the day.
BSE Sensex Share Price (Investing.com)
Some of the…
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Uttarakhand suspends licences of 14 Patanjali products; criminal complaint filed against Ramdev, Balkrishna | Latest News India
The Uttarakhand government has suspended the licences of 14 products of Patanjali by an order dated April 15. A hoarding with an image of Baba Ramdev inside a Patanjali store in Ahmedabad.(Reuters) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} A criminal complaint has also been filed against Ramdev and Acharya Balkrishna and Patanjali for violating the Drugs and Magic Remedies Act. HT launches Crick-it, a one stop destination to catch…
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Licenses Of 14 Patanjali Products Cancelled By Uttarakhand Authority
SLA said it will take all due and further steps against Patanjali Ayurved Ltd (Representational)New Delhi: The Uttarakhand government, in an affidavit, told the Supreme Court that it has granted permission to file a complaint against Baba Ramdev’s Divya Pharmacy and Patanjali Ayurved Ltd. for repeated violations of the drug advertisements law and suspended manufacturing licenses for 14 of their products.In the affidavit, the Uttarakhand government submitted that its State Licencing Authority…
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Colgate-Palmolive Has Strong Brand-Building And Analytics-Driven Marketing Strategy, Says Analyst – Colgate-Palmolive (NYSE:CL)
April 29, 2024 1:34 PM | 1 min read | 27% profit every 20 days? This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it. BofA Securities analyst Bryan Spillane reiterated a Buy rating on the shares of Colgate-Palmolive Company (NYSE:CL) and raised the price target from $90 to $100.CL opened the year with…
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HUL: Hindustan Unilever set to focus on bigger brands to chase volumes
Hindustan Unilever managing director Rohit Jawa said he is neither satisfied with the company’s volume growth nor has the company lost its pricing power as the consumer bellwether shifts focus on investing disproportionately on bigger and more premium brands.”We don’t want volume to be just 2% and want to see it grow – that is our focus. We are not going to wait for the macros to improve, but we’ll go where the growth is and work actively towards that,” Jawa told ET, adding that tailwinds…
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Added sugars in Cerelac within limits, charges untrue: Nestle India CMD | Company News
Narayanan reiterated that according to FSSAI, the maximum permissible limit for added sugars is 13.6 gram per 100 gram of feed, while Nestle is at 7.1 gram of sugar per 100 gramSuresh Narayanan, chairman and managing director Nestle IndiaAkshara Srivastava New Delhi Packaged foods company Nestle India on Monday said the formulation of infant food products like Cerelac was done on the basis of global norms and sugars added to the product were within the limits set by the Food Safety and…
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