"We would file a suit against ASCI. We would file the case in the court very soon. We are discussing the possibilities and would take action on this issue very soon," Ramdev said here at a press conference while describing these notices as "love letters" from ASCI.
The markets have run up quite sharply and a correction is likely, he says. He recommends retail investors should look to invest with a long term perspective or else bottom up stock picking.
While the markets continue to rally higher, UBS's Gautam Chhaochharia believes that risk reward is still not attractive here.
According to sources, Sri Sri Ayurveda is looking to scale up its FMCG business with plans to expand franchise outlets to 2500 by end of this fiscal from 1000 now and add 14-15 additional categories from 20-25 categories that they currently operate in.
Earnings of fast moving consumer goods (FMCG)companies in the June quarter quarter is a clear reflection of this sentiment as most the players in this space have disappointed street estimates.
GST will help India become a big unified market, says Kishore Biyani, CEO of Future Group, adding, the company will benefit the most.
The debt was raised to acquire Kesh King brand at a total cost of Rs 1,684 crore. The brand generates 10 per cent of the total revenue and had Rs 60 crore impact on Q1 FY17 profits due to amortisation of intangibles.
RC Bhargava, Chairman of Maruti Suzuki, said that the GST is a good move, but the focus should be on implementing it once the legislation is passed. Legislation on paper won‘t be good unless there is implementation, he said.
"Overall, we should see a boost to consumption in India, following the implementation of the 7th Pay Commission and the passing of GST. We are hopeful that the second half of the year will be better than the first," GCPL Managing Director Vivek Gambhir told PTI.
Speaking to CNBC-TV18, Andrew Holland, CEO of Ambit Investment Advisors said that it is a liquidity market right now.
Healthcare, FMCG and metals stocks continued to support the market while banking & financials, infra and telecom stocks dragged.
Manoj Behera of PhillipCapital is confident of Zee Entertainment posting robust earnings going forward too with a CAGR growth of 25-30 percent.
While the 105th annual general meeting threw no light on succession at the comglomerate, Deveshwar left the company with a plan that should take the FMCG revenues to Rs 1 lakh crore by 2030.
He rejected suggestions that the non-tobacco businesses of the group should be made to grow faster than the tobacco business, but rued that ITC's investment plans were getting delayed due to a long time required for getting approvals.
The affirmation of ASCI, a self-regulatory organisation (SRO) for advertising contents, on the soundness of the product comes in the wake of complaint received by it on the claims being made by the brand, which was dismissed by the regulatory body.
"With respect to the sale of rice export business of HUL carried out primarily under the brands "Gold Seal Indus Valley" and "Rozana", to LT Foods Middle East DMMC, a group Company of LT Foods India Ltd... the company has now completed the said transaction," HUL said in a BSE filing.
Sanjay Manyal of ICICI Direct is upbeat on ITC going forward and expects FMCG business to do well.
The new range named 'Real VOLO' will be available in two variants - Cranberry Blueberry and Grape-Blackcurrant in 250 ml cans priced at Rs 40, said Dabur India in a statement.
Analysts polled by CNBC-TV18 feel EBITDA may rise 8.2 percent at Rs 3663.4 crore in Q1 compared to Rs 3385.9 crore while margins may slip 50 basis points (bps) at 38.9 percent versus 39.4 percent year-on-year.
In an interview to CNBC-TV18, Taher Badshah of Motilal Oswal AMC, spoke about his reading and outlook on market as well as on various stocks and sectors.
In an interview with CNBC-TV18, Varun Lohchab gave his analysis of HUL‘s first quarter earnings and shared his outlook on the FMCG industry in general.
HUL management has reaffirmed its guidance of continued improvement in operating margins despite the recent increase in commodity costs.
HUL, which had formed the 50:50 JV with US-based Kimberly -Clark Cooperation (KCC) in 1995, said the decision to divest its stake in the partnership is part of the company's objective to focus on its core business.
The new manufacturing unit will be in the vicinity of the existing factory premises in Doom Dooma. It is expected to be commissioned in early 2017.
Britannia said these new categories that help in health management and ready to eat solutions are seeing wider and deeper consumer traction than ever before.