BUSINESS
Dabur defends ‘100%’ label on Real Activ juice, seeks protection from FSSAI action
Dabur, in its affidavit filed on May 16, stated that the company modified the label of its fruit juice brand to "100% no added sugars and preservative” from the earlier claim of “100% Fruit Juice/ 100% Juice”.
BUSINESS
SIT begins probe into Andhra liquor firms, seeks data on volume, supply
The Andhra Pradesh government had constituted the SIT on November 6 to investigate allegations that liquor companies paid kickbacks to political and administrative figures of the previous regime in exchange for business favours.
BUSINESS
Berger Paints to shell out more on manpower as competition heats up
Despite the entry of new players - Aditya Birla Group’s Birla Opus, JSW Paints and Pidilite Industries - Berger Paints has downplayed any adverse impact, and said it expects to gain market share as well as volumes this fiscal.
BUSINESS
Britannia unlikely to hike prices further unless input costs rise again, says MD and CEO Varun Berry
Britannia is strengthening its adjacent categories with new product launches across bakery, biscuits, cheese, and beverages. The non-biscuit portfolio saw strong momentum fuelled by expanded distribution channels.
BUSINESS
Jewellers drop caratage to sustain sales amid soaring gold prices
Titan flagged that the consumer group that preferred jewellery below the Rs 50,000 mark remained on the sidelines in the fourth quarter.
BUSINESS
Delayed summer cools Q1 outlook for AC makers
Havells, which sells air conditioners under the Lloyd brand, said slower consumer offtake in March and April is likely to impact first-quarter primary sales, despite strong channel stocking earlier in anticipation of a hot summer.
BUSINESS
Hind Zinc's Rajasthan units in 'emergency preparedness' but no disruption despite tense border
The Vedanta group company operates five mines and three smelters in the state of Rajasthan which shares a long and sensitive border with Pakistan, making it a region of strategic concern during periods of heightened military alertness.
BUSINESS
Godrej Consumer moves past soaps, banks on deos, detergents and air care to drive growth
While soaps still contribute around 35 percent to GCPL’s overall business, the company sees limited headroom for growth given the category’s 99 percent penetration in India.
BUSINESS
Vedanta keeping IPO option open for Zambian Konkola Copper Mines, CFO says
Konkola Copper Mines has reserves and resources of 16 million tonnes of highest grade copper. The mine also has cobalt reserves and resources amounting to 412,000 tonnes, reinforcing its potential as one of the top five cobalt producers globally.
BUSINESS
Dabur’s '100% juice’ claim violates law cent percent: FSSAI tells Delhi HC
In June 2024, the food regulator had issued a notification directing food business operators to remove the claim of ‘100% Fruit Juices’ from the label and advertisement of fruit juices.
BUSINESS
FMCG giants face slow urban growth, commodity headwinds in Q4
Companies are navigating a two-speed consumption landscape — urban slowdown vs rural resilience — while grappling with growth.
BUSINESS
HUL to ramp up investments, expects demand rebound on rural uptick, favorable macros
Hindustan Unilever Q4 FY25 Results: FMCG major HUL declared fiscal fourth quarter results today. According to poll estimates, the company's net profit was expected to rise by a muted 3.1 percent.
BUSINESS
Tata Consumer sees margin tailwind as tea costs ease
Tata Consumer is seeing tea volumes bounce back in the second half, with volumes growing 2 per cent YOY in the March quarter but its value market share in tea declined by 40 basis points, or 0.4 percentage points, compared to the same period a year.
BUSINESS
Waaree Energies says dual manufacturing footprint offers 'natural hedge' amid US tariff uncertainty
Waaree has guided EBIDTA in the range of Rs 5,500 crore to Rs 6,000 crore for FY26 and expects demand to be stable even in FY27.
BUSINESS
Steel imports surge to a 9-year high amid bargain shipments
After peaking at 18.51 million tonnes in FY22, India's steel exports have been on a decline, falling more than 60 per cent over three years to 6.95 million tonnes in FY25.
BUSINESS
France’s Engie to invest euro 1 billion in Indian renewables this fiscal
The company plans to achieve its 7 GW portfolio target through a combination of government auctions and corporate & merchant power purchase agreements, with focus on high energy sectors
BUSINESS
JSW Steel gets exemption to import key raw material despite curbs
Starting from January, India imposed a ban on unrestricted imports of low-ash metallurgical coke (met coke), introducing country-specific quotas to safeguard domestic producers. The curbs are expected to be in place till June 30.
BUSINESS
JSW Group to invest Rs 50,000 crore in green steel for European markets
Jindal said that the Salav plant will initially use natural gas injection in the blast furnace, with plans to transition to green hydrogen at a later stage. “The plant’s carbon emissions will be reduced to one-fifth of current levels,” Jindal said.
BUSINESS
Tata Steel Nederland's union seeks more clarity on restructuring plan
Analysts estimate that these job cuts could contribute around EUR 180 million towards Tata Steel’s overall cost saving target of EUR 500 million by FY26.
BUSINESS
Steel major ArcelorMittal Nippon gets import exemption for key raw material despite curbs
The JV unit of the world's largest steelmaker had earlier sought relief against the rejection of 168,300 mt of met coke import orders from Indonesia and Poland.
BUSINESS
Trent’s slower Q4 growth reflects high-base hangover in retail and fast fashion cooldown
Uniqlo and H&M saw their India sales grow by 60 percent and 40 percent, respectively, in FY23, but that pace halved in FY24, falling to 31 percent for Uniqlo and just 11 percent for H&M. These brands also saw their bottom lines battered by the shift in discretionary spending patterns.
BUSINESS
US tariff impact minimal for Kalyan Jewellers, says Ramesh Kalyanaraman
The company sources 30-40 percent of the inventory of its New Jersey showroom, the only store in the United States, from within the country, with the rest coming from Dubai, the Kalyan Jewellers executive director has said
BUSINESS
Trump’s tariff hike threatens India’s $11 bn gems & jewellery exports
In FY 2023-2024, India exported gems and jewellery worth $32.85 billion globally, with the US accounting for $9.95 billion or 30.28%. In calendar year 2024, India accounted for $11.58 billion or 12.99% of America’s total gem and jewellery imports worth $89.12 billion.
BUSINESS
Tata Consumer to raise ad spends amid focus on brand building, COO Ajit Krishnakumar says
In January 2024, the Tata group company acquired Capital Foods, known for brands like Ching's Secret and Smith & Jones, and Organic India, a health and wellness player, for a combined enterprise value of Rs 7,000 crore.
