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The Latest Breaking News from FMCG

Sensex tumbles 337 points post US Federal Reserve rate hike; FMCG companies buck trend

MUMBAI: Equity benchmarks retreated for the second session on the trot on Thursday, in lockstep with a bearish trend overseas after the US Federal Reserve increased interest rates by 75 basis points and projected more rate hikes to quell scorching inflation.

The Times of India

Tata group in talks with Bisleri to acquire a stake in the packaged water company

NEW DELHI: Tata Group is understood to have initiated talks with Bisleri International to acquire a stake in the packaged water company, according to sources.

The Times of India

Reliance acquires soft drink brand Campa as part of expansion in FMCG space

NEW DELHI: Reliance Industries, which announced entry into the FMCG space earlier this week, has acquired the home-grown soft drink brand Campa from Delhi-based Pure Drinks Group, said sources.

The Times of India

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Reliance plans Rs 2.75 lakh crore investment; prepares for larger battle with Adani group

MUMBAI: Billionaire Mukesh Ambani on Monday announced a Rs 2.75 lakh crore investment plan to expand and diversify his $221 billion-empire by rolling out 5G services from October, adding capacity in the core oil and chemical business and taking on rival Gautam Adani with a foray into FMCG sector.

The Times of India

Reliance to enter FMCG business this year, partner 1 crore merchants in 5 years

NEW DELHI: The country's largest retailer Reliance Industries on Monday announced that it will enter the fast-moving consumer goods (FMCG) business this year as part of its expansion plan.

The Times of India

State will formulate a special programme for reviving and increasing profitability of PSUs: Bommai

State has so far signed MoUs for investments worth ₹1.21 lakh crore in industrial sector

The Hindu

After scrapping of textile park, Bihar govt comes calling to woo bizmen in Ludhiana

LUDHIANA: In a major development shortly after scrapping of the textile park project by the Punjab government, Bihar Government has come calling to Ludhiana to woo the industrialists from the textile industry and other sectors to invest in Bihar.

The Times of India

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Premier Foods pays £43.8 million for meal kit brand The Spice Tailor

FMCG leader said acquisition would compliment brands Sharwood’s and Lyod Grossman sauces

Evening Standard

ITC shares hit 52-week high in intra-day; rally over 37% so far this year

NEW DELHI: ITC shares hit its one-year peak on Thursday amid talks about an organisational restructuring at the conglomerate, including demerger of hotels business and listing of its technology venture in the future.

The Times of India

Sensex, Nifty rebound on gains in FMCG, auto shares; snap 4 days of decline

MUMBAI: Benchmark BSE sensex rebounded by 344 points while Nifty closed above the 16,000 level in choppy trade on Friday, snapping four days of decline on buying in FMCG, auto and capital goods counters.

The Times of India

Heinz products pulled from Tesco over pricing row

FMCG giant said it is ‘working closely’ with supermarket to resolve dispute

Evening Standard

Feature jobs: emd:digital, Whisper Communications, Eighth Day Sound, MCMPR 3rdspace

emd:digital is an established digital design & development agency specialising in web design & development with a range of clients in FMCG, Property & Construction, Not-For-Profit, Hospitality, Finance & Consultancy, Allied Health, Start Ups, Technology & Agriculture. They love working with their clients to create immersive, thought provoking websites from…

Pedestrian.tv

HUL working to become 'intelligent enterprise' to keep up with changing needs: CMD Sanjiv Mehta

NEW DELHI: FMCG major HUL is working to create an ‘intelligent enterprise', moving away from the traditional linear value chain to a non-linear ecosystem to stay abreast of the changing needs, said chairman and managing director Sanjiv Mehta on Monday.

The Times of India

RSS arm bats for ITC, but says it doesn’t support tobacco

Swadeshi Jagran Manch’s (SJM) endorsement for using Indian conglomerate ITC’s Fast Moving Consumer Goods (FMCG) products over that of multinational companies comes as a bit of a surprise. SJM is, after all, an arm of the right-wing group, Rashtriya Swayamsevak Sangh (RSS).

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