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The company said that the FMCG-others segment delivered a resilient performance during the quarter amidst a marked slowdown in the FMCG industry across urban and rural markets.

ITC Q1 net profit up 12.6 per cent

The company had posted a net profit of Rs 3,049 crore in the previous fiscal.

3 Aug 2019 1:21 AM IST

The slow pace of revenue growth can be attributed to a broad-based slowdown in consumption, which has affected sectors such as automobiles and fast-moving consumer goods (FMCG).

FMCG firms face demand dearth, push inventory

Average stock at trade channel up by 10 days to 25 days.

3 Aug 2019 1:20 AM IST

Stunning growth: The FMCG sector in India is expected to more than double to $104 billion by 2020 from the current $49 billion. The sector is expected to grow at a compounded annual growth rate (CAGR) of 20.6 per cent. There is almost nothing else in the world growing this quick.

Aquawhite bets on kids segment

Going forward, in the next five years, this ratio will be changed to 50:50, said Nikhil Nanda, director, JHS.

2 Aug 2019 2:42 AM IST

A recent report by Indias leading rating agency Crisil also highlighted the challenges being faced by the Modi government in the last year before the 2019 general elections as crude oil prices have once again started rising.

Crisil cuts GDP to 6.9 per cent

India's GDP had grown at 8.2 per cent in fiscal 2017, the fastest in a decade.

2 Aug 2019 2:17 AM IST

The issue drew attention after the recent suicide by an IIT Kharagpur student, the third such case at the institute in this year.

IIT KGP looks beyond borders

IIT KGP has also received applications from SAARC countries two ASEAN countries and Latin America countries Colombia and...

1 Aug 2019 1:22 AM IST

Tour operators also offer credit card loans for those who have not saved for a holiday. The money can be repaid post the travel in equated monthly installments and the interest rates are typically 12 to 18 per cent.

Airfares, hotel rates forecast to increase in 2020

Unlike the global travel industry scenario, India's strong economic growth is fueling a greater demand for business...

1 Aug 2019 1:14 AM IST

Many current techniques in artificial intelligence require robots to interact with their environment for extended periods of time to learn how to optimally perform a task.

64 per cent directors worried about AI impact

The survey revealed that nearly two-thirds are slightly worried about losing their jobs.

1 Aug 2019 1:14 AM IST

A total capital outlay of Rs 1,674 crore has been made for this stock which would help mills clear their unpaid dues to the farmers.

Unchanged sugarcane FRP for 2019-20 season makes mills happy

On the pricing front, sector analysts expect the sharp reduction in Indian production in 2019/20 to start the recovery...

29 July 2019 6:58 AM IST

July is known for producing premium quality tea which fetches a good price in the market.

Rains take a toll on tea; prices may rise

There have been a drop in prices as well, which are down 34 per cent compared to last year.

27 July 2019 9:32 AM IST

The steel exports to the US from China, Japan and South Korea have fallen by 4,88,000 tonne in six months since the imposition of the duty barriers by the Trump Administration.

Steel prices see steep fall

The fall in demand has not been without a reason.

26 July 2019 1:11 AM IST

Asian Paints shares closed 3.42 per cent higher at Rs 1,477.15 on the BSE.

Asian Paints tides over auto slowdown in Q1

Shares of Asian Paints surged on Wednesday afternoon, after the company reported strong Q1 results, which had beaten...

25 July 2019 1:02 AM IST

Hindustan Unilever Limited or HUL is a fast moving consumer goods company.

Slowdown limits Hindustan Unilever's Q1 volume

HUL reported a volume growth of 5 per cent, with a domestic consumer growth of 7 per cent, according to the exchange...

24 July 2019 6:42 AM IST