Empowering Defense Procurement through GeM In a historic feat, the Ministry of Defence (MoD) has shattered records by surpassing the Rs 1 Lakh Crore mark in total order value transacted through the Government e-Marketplace (GeM) portal. This monumental achievement, also known as Gross Merchandise Value (GMV), underscores MoD’s unwavering commitment to optimizing public spending in …
The Union Budget 2018 presented by Arun Jaitley was in the strict sense of the word a macro budget. It takes a look at the big picture and focuses on the larger aspects like the farm distress, the MSME sector, rural purchasing power, middle class and the senior citizens etc. It may be recollected that …
FMCG sector has become the casualty of the Central bank’s decision to ignore inflation in its latest Monetary Policy Review. The inflation rates of retail in India breached the upper tolerance levels set during the tenure of Raghuram Rajan, the former RBI Governor. The stats reflect a seven-month high rate of 6.01% in January 2022. …
Indian equity markets in the past few days witnessed some FII outflow. However, despite the consistent outflow, the benchmark Indices have remained resilient and outperformed the emerging market peers. The Benchmark indices have remained resilient, and a few of the broader indices like Small-Cap and Mid Cap have witnessed some profit booking. Amid all these …
On Friday, the Nifty index closed at 22,420, down 150 points (0.67%). However, it ended the week with a 1.23% gain and formed an indecisive candlestick pattern on the weekly chart. The Nifty opened above the 22,600 mark but could not surpass its prior session’s high. It soon faced profit booking, losing its opening gains …
Come March 31, Tata Consumer Products Ltd will replace GAIL India Ltd in a half-yearly reshuffle of the benchmark Nifty 50. This change will also be made to the Nifty 50 Equal Weight Index. The Nifty 50 composition is reviewed and changes made two times a year (March and September). The review is taken up …
A recent quarterly report from NielsenIQ (NIQ) revealed that rural areas are now showing stronger demand for fast-moving consumer goods (FMCG) compared to urban markets, marking the first time in at least two years. The increased demand for products like shampoos, soaps, and detergent bars in rural India during the March quarter contributed to a …
India’s largest cigarette maker, ITC Ltd, is back in the news again over talks of a demerger of its FMCG and hotel businesses. Talk over its demerger has done the rounds in the past as well but the recent earnings report of the 110-year-old giant is again giving rise to such speculation. The conglomerate that …
Overview of Godrej Consumers Sudden Surge Thanks to a shift in leadership, investors and traders trading in the shares of Godrej Consumer Products Ltd has been filled with optimism. Sudhir Sitapati will be appointed managing director and chief executive officer of the company on October 18 for a five-year term. Sitapati’s rich experience of more …
The Market regulator, SEBI has mandated the transfer of the securities directly to the client’s demat account This facility of direct transfer was already available voluntarily from February 1, 2001. But this has now been made mandatory. SEBI Circular On June 5, the Securities and Exchange Board of India (Sebi) issued a significant circular titled …
