About 70 percent of the 53 companies currently under probe are FMCG firms, followed by real estate companies
The money will be used primarily to finance capex, long-term working capital and support the growth of the business.
The company had posted a net profit of Rs 220.44 crore in the October-December period a year ago, Britannia Industries said in a BSE filing.
Lot of initiatives have been taken in the areas of farming, rural, healthcare in the Union Budget announced on Feb 1
Boost in rural sector should aid the fragile rural recovery and spur consumer demand.
The FMCG companies have asked for more focus on the infrastructural development, small businesses and affordable housing as also incentives for setting up warehousing and cold chain facilities.
The move is aimed at ensuring youngsters do not get addicted to tobacco products, a top Food and Drug Administration (FDA) official said.
Besides, the industry has sought incentives for setting up warehousing and cold chain facilities and efforts to increase Foreign Direct Investment (FDI) in the sector.
The company is India's largest private dairy with a milk processing capacity of 2 million litres per day.
Reliance Securities has come out with its sector report on FMCG dated January 09, 2018. Consumer sector coverage universe to report 11.8% and 15.8% growth in revenue and earnings, respectively in FY18E, and the growth is estimated to improve to 14%/18% in FY19E.
With a few state elections and expected populist budget, the rural sector is anticipated to be prime beneficiary. This, coupled with improving macros and good monsoon after two consecutive droughts, also augur well, said the report on the consumer good sector brought by Edelweiss.
With the streamlining of the process after GST implementation behind them, the companies feel that prospects of good economic growth coupled with a revival in demand and consumption will help them overcome the hit they took on volumes and profits in 2017.
The district administration had imposed a fine of Rs 45 lakh on Nestle, Rs 15 lakh on its three distributors and Rs 11 lakh on its two sellers.
GSK Consumer has cut the price of malted food drink Horlicks by nearly 5 percent for a 500-gm jar, while the price of 500-gm Boost has been cut by 4 percent, traders told Moneycontrol
As many as 178 items of daily use were shifted from the top tax bracket of 28 percent to 18 percent while a uniform 5 percent tax was prescribed for all restaurants, both air-conditioned and non-AC
The associations are opposing the recent suggestion of the health ministry as their livelihood depends on selling of both non-tobacco items of everyday use such as bread, eggs, juices, soft drinks, wafers and the like, along with tobacco products.
Health ministry bars selling of non-tobacco products from tobacco-selling shops. If it is in the interest of the society, they would have to abide by it and accept it, said B Krishna Rao, Category Head-Marketing, Parle Products.
While ITC, Hindustan Unilever Ltd (HUL), SBI and IOC saw losses in their m-cap for the week ended Friday, the valuations of RIL, TCS, HDFC Bank, HDFC, Maruti Suzuki and ONGC rose, but their combined gain of Rs 26,099.02 crore was less than the total loss suffered by the four firms.
In a meeting held today, the board of directors has given consent to explore an internal corporate restructuring exercise which will allow the company to consider various options such as subsidiarisation or de-merger of its business units into separate entities, a company statement said here.
According to recruitment services firm ABC Consultants, the auto sector registered average appraisal of 9-11 per cent, for FMCG it was 8-10 per cent and for technology sector at 5-7 per cent.
The import duty on crude palm oil has been increased from 7.5 per cent to 15 per cent, on RBD palm (refined palm oil) from 15 per cent to 25 per cent and on crude soft oils like soybean oil from 12.5 per cent to 17.5 per cent. The differential duty on import of refined vis-a-vis crude palm oil is now 10 per cent as against 7.5 per cent earlier.
The company, which witnessed de-stocking in trade channels due to migration to GST, said the new tax regime has brought a level playing field.
Wadia said the park would have the largest biscuits manufacturing plant with six lines, along with cake and risk.
Property consultant CBRE, in its report 'India Industrial and Logistics MarketView, H1 2017', said that the companies from third party logistics, engineering, manufacturing and FMCG sectors contributed about 75 per cent of the leasing.