After a year of struggle for consumer staples, 2023 looks promising for FMCG

The year 2022 was one of struggles for the Indian fast-moving consumer goods (FMCG) companies which battled simultaneously on two very important fronts — soaring raw material costs and food inflation on one side, and dismal rural demand on the other. However, the early shoots of a trend reversal have begun to showing up and the sector may finally come out of the woods this year. Read more here.

Take a look at these key events

Today
Second national conference of chief secretaries in New Delhi
SC to hear PILs on same-sex marriage
US President Biden plans to commemorate 2nd anniversary of attack on CapitolTomorrow
Deadline for IDBI Bank sale bids submission
PM Modi to chair national conference of chief secretaries
Tunisha Sharma's death case: Mumbai Court hearing in actor Sheezan Khan's bail plea

Sebi permits govt's shareholding in IDBI Bank to be reclassified as 'public' after stake sale

The Securities and Exchange Board of India (Sebi) has given its nod for reclassification of the government's shareholding in IDBI Bank as "public" following its stake sale, as per a regulatory filing submitted on January 5. "The voting rights of GoI shall not exceed 15 percent of the total voting rights of the bank," Sebi stated. Read here.

How to choose the right ETF

Exchange-traded funds (ETFs) have become a popular investing tool for many investors and have come a long way from when they started their journey in India two decades ago. The universe of ETFs has grown rapidly in the last few years. With so many ETFs in the market, the question is: how do you decide which one to choose? Read here.

Showtime for tech industry; India to lead in artificial intelligence: Satya Nadella

Considering how far the tech industry has come, Microsoft Chief Executive Officer Satya Nadella feels, It is 'showtime' for them. "The most exciting thing to happen in the industry, perhaps, is the coming of OpenAI’s ChatGPT, an artificially intelligent chatbot," he told CNBC TV18 in an interview. Read here.

Redmi Note 12 series launched in India

Xiaomi has officially unveiled the Redmi Note 12 series in India. The Redmi Note 12 5G, Redmi Note 12 Pro 5G, and Redmi Note 12 Pro Plus 5G arrive with MediaTek and Qualcomm processing hardware. The Redmi Note 12 Pro+ also marks new ground for the ‘Note’ series, falling in India’s sub-30K segment for the first time. Here's a quick look at the phones' price and specifications.

Why Japan is offering 1 million yen per child to move out of Tokyo, other big cities

The Japanese government is offering 1 million yen per child to any family that chooses to move out of greater Tokyo, as the island country sees a decline in population in other areas. Details here.