FMCG slowdown: Demand for drinks, jam, sauces, juices declines despite low costs
As the demand declines, the onus is on the brands to improve their positioning. Image: BloombergEven while prices of certain product categories have been on a southward trend, demand and production of FMCG items such as jams, butter,…
Banking industry’s NPA situation to improve by fiscal-end: SBI chairman
“So in such circumstances, banks will have to evaluate carefully before lending to the sector as the probability of default is very high,” Kumar said.SBIChairman Rajnish Kumar on Saturday said most banks will be in a good position with…
Oil prices sink but on track for third weekly rise on trade hopes
Advancement of the U.S.-Mexico-Canada Agreement (USMCA), which is set to replace the North American Free Trade Agreement (NAFTA), has also boosted oil this week. The agreement was passed by the U.S. House of Representatives on…
D.E. Shaw’s Orienteer strategy posts double-digit returns this year
BOSTON (Reuters) - D.E. Shaw’s Orienteer platform, the backbone of the $50 billion investment firm’s multi-asset class offerings, posted high double-digit returns this year, the best ever in its six year lifetime. The Orienteer…
Air India gets Rs 500-crore govt guarantee for fund raising
Air India’s net loss in 2018-19 is provisionally estimated to be Rs 8,556.35 crore.The government has given a Rs 500-crore guarantee to cash-starved Air India which will help it secure fresh funds for operational requirements, a senior…
How far UPI can reach in India: After 1 billion transactions, this is next
India boasts around 570 million internet users, ranked only behind China, but this is growing at a rate of 13% annually.Since the first real-time payment transaction was initiated at an ATM in 1977, technology has now made 24*7*365…
Mahindra & Mahindra shares fall after auto firm announced rejig of top management with Anand…
The scrip declined 0.79 per cent to close at Rs 530.80 on the BSE. During the day, it dipped 1.25 per cent to Rs 528.35. At the NSE, it fell 0.85 per cent to close at Rs 530.80.Shares of Mahindra& Mahindra (M&M) on Friday fell…