Speaking to CNBC-TV18, Kedar Vaze, Group CEO of SH Kelkar & Co, said that the international fragrance business had been facing headwinds and fell 2 percent in the third quarter.
Diesel, kerosene and cooking gas LPG prices may be hiked soon as the government considers Vijay Kelkar Committee recommendations on cutting fiscal deficit.
The Kelkar panel report on fiscal consolidation has been submitted to the Finance Minister. The panel may call for a review of the 5.1% fiscal deficit target. Finance ministry estimates peg the target at 6%. The panel may push for speedy divestment and monetisation of PSU assets, reports CNBC-TV18's Aakansha Sethi quoting sources.