CNBC-TV18's Priya Sheth travelled to Haridwar for the first-ever sneak peek into Patanjali's facility in Haridwar for an exclusive chat with the man at the helm, Acharya Balkrishna, MD, Patanjali Ayurveda.
After a two-month slump, hiring momentum picked up pace again in May with recruitment activity growing by a moderate 2 percent led by the automobile sector, says a report
Although India cannot remain de-linked from global shocks, the basic premise of the bull market remains intact, says veteran stock broker Dipan Mehta.
In an interview to CNBC-TV18, Manoj Behera, Assistant Vice President-Research for Media & Telecom at PhillipCapital shared his readings and outlook on Zee Entertainment Enterprises and Ortel Communications.
Infosys lost 3.5 percent after Tamin Nadu government has allowed setting up unions in IT sector. Dr Reddy's Labs plunged nearly 2 percent after the US Agency accused company of drug packaging violations and the US regulatory body seeks civil penalty for the same.
While admitting that in categories such as honey, the company has been impacted by products from Patanjali, Dabur India said being in the healthcare segment, the company is confident that quality will eventually decide consumer choice and not pricing alone.
ITC, HUL, Wipro, Sun Pharma, Lupin and Bajaj Auto dropped 1-2 percent while Coal India topped buying list on Sensex, up 3.5 percent followed by Tata Motors, Hero Motocorp and Tata Steel.
Arora joined Bharti Airtel in February 2006 and was appointed as the CEO of Bharti Telemedia Limited, a subsidiary of Bharti Airtel that provides DTH services in August 2011.
There has been a lot of concern in the FMCG industry after Patanjali's revenues crossed Rs 5,000 crore, on the back of an increased focus on health following the ban on Maggi noodles.
Speaking to CNBC-TV18, Satnam Arora, MD of Kohinoor said that the company has large orders in hand currently and it plans to spend on promotions and advertisements world over.
The USD 4.1-billion Godrej Group has a large presence in the real estate sector through its firm Godrej Properties, besides in a variety of other sectors, including FMCG, consumer durables and agri-products.
The BSE Midcap and Smallcap indices fell 0.16 percent and 0.65 percent, respectively. The market breadth was also negative as about two shares declined for every share advancing on BSE.
Oil prices slipped in Asian trade today, hit by a strong dollar and signs that global crude supply is holding up even as unplanned outages rise to at least a five-year high.
There is a marked improvement in the visibility of earnings for ITC, says Ritwik Rai, analyst at Kotak Securities.
"We are looking at an expected growth rate of up to 35 per cent in the fiscal year 2016-17. We are at around Rs 200 crore now," Cremica Food Industries Ltd Chairman and Managing Director Akshay Bector told PTI.
Despite expectations of muted first quarter of FY17 on back of halt in cigarette production, FY17 will be better for the company, says Abneesh Roy of Edelweiss Securities.
Its cigarette revenue in Q4 jumped 10.2 percent at Rs 4639 crore from Rs 4211 crore while EBIT also increased 11.5 percent at Rs 3019 crore against Rs 2706 crore (YoY).
According to Motilal Oswal estimates, cigarette volume decline to moderate by 1-6 percent on annual basis. Some analysts are expecting flat to marginally positive volumes. If volumes manage to register growth, it will be after 11 straight quarters. Price hikes were seen in Classic and Goldflake.
While US markets closed off session highs, indexes in Europe closed mostly higher. It's judgement day for five states in India; it could be a cliffhanger in Tamil Nadu, Mamata Banerjee is all set for a second-term in West Bengal and Congress might have to stare at a defeat in Kerala and Assam.
The deal, announced in March, allows transfer of the brands and inventory to LT Foods for Rs 25 crore, which owns Dawat basmati rice brand.
Earnings have been better than expected this quarter, and would even accelerate going forward on the assumption that monsoon is good. Otherwise all bets are off, says Vibhav Kapoor of IL&FS.
The banking sector will shortly take the lead in the domestic market rally, as it is one of the pillars for a stable GDP, says Sanjay Sinha of Citrus Advisors.
Mihir Modi, Chief-Finance & Strategy, Zee Entertainment talking said they aim to grow ad revenues above market growth of 15-16 percent, with focus on increasing viewership.
Though a bit cautious, most analysts are bullish on the stock but concerns over rural demand and monsoon still persist.
volume growth of 4 percent (YoY) in the quarter was disapointing. Volume growth in the year-ago period was at 6 percent.