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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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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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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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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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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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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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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://kfgo.com/2024/04/29/chinese-spend-more-on-diapers-and-colgate-despite-economic-woes/
The Procter & Gamble Company has presented DSM-Firmenich with a 2024 Supplier Impact Award for its industry-leading efforts to create business value while serving people and the planet.Established in 2024, P&G’s Supplier Impact Awards recognize external business partners who are enabling the industry, consumers and P&G to reduce their environmental footprint, as well as those suppliers who are creating value through equality and inclusion.DSM-Firmenich’s honor was noted during a ceremony…
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SynopsisA key question to ask about HUL’s performance over these last few quarters pertains to its pricing muscle. 4 mins read, Apr 29, 2024, 01:34:34 PM ISTHistorically, Hindustan Unilever (HUL) has dictated price-points for most of the categories it operated in. Competition – Godrej in soaps and Procter & Gamble in shampoo and laundry – always waited for HUL to make the first move before following with a price-cut or a hike. That pricing power came from controlling nearly half the soap,…
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On Monday, RBC Capital adjusted its price target for Colgate-Palmolive Company (NYSE:) shares, increasing it to $95 from the previous $88, while maintaining a Sector Perform rating on the stock. The firm highlighted Colgate-Palmolive’s notable top-line growth, which has been bolstered by both pricing and volume. The recent performance reflects the company’s ability to navigate the market effectively.The analyst from RBC Capital cited the company’s margin strength as a key factor, which has…
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