RELIANCE CONSUMER PRODUCTS
Will UPI transactions below Rs 2,000 be charged? This govt incentive scheme announced on March 19 is the reason this wont happen
UPI Transactions: The government recently introduced an incentive scheme for promoting low-value BHIM-UPI transactions under Rs 2,000 to small merchants by providing acquiring banks with a 0.15% incentive per transaction. This initiative aims to enhance digital payment usage and relieve consumers from any potential Merchant Discount Rate (MDR) charges that might be levied on them by banks and payment processors. No incentives have been offered to large merchants.
Russia replaces UAE as the top naphtha supplier to India in 2024-25
Russia has overtaken the UAE as India's leading naphtha supplier. This change is due to discounted prices, with Russia providing more than half of India's naphtha imports. Indian refiners are expected to continue taking advantage of these lower prices next year, as they aim to reduce import costs. The import increase also reflects growing domestic demand.
New skincare labels catch the fancy of young India, eating into demand for many biggies
Established beauty brands faced a sales growth slowdown in FY24, while new-age and global labels surged. Consumers preferred brands offering instant benefits, influenced by online platforms like Nykaa and Tira. The beauty market is expected to grow significantly, driven by an online surge and a preference for premium products, despite some temporary challenges.
Why is the race for your insurance premiums hotting up?
India's insurance sector is undergoing significant changes with policy shifts and new alliances. Allianz SE has ended its JV with Bajaj Group, aiming to collaborate with Jio Financial Services. Patanjali Ayurved has entered the general insurance market with a majority stake in Magma General Insurance. LIC plans to acquire a stake in a health insurer.
Fitch tweaks FY27 India growth aim to 6.3% and makes rate cut predictions
Fitch Ratings projects India's GDP growth at 6.5% for FY25-26 and 6.3% for FY26-27, slightly down amid global trade risks from US policies. Despite these pressures, India's self-sufficiency offers insulation. Fitch foresees policy rates dipping to 5.75% by December 2025. Strong public and private spending, high capital investments, and robust export growth support the optimistic outlook.
Jio Financial shares gain 2% as Allianz SE explores partnership
The German financial services giant is looking to partner with Jio Financial Services (JFSL) after deciding to exit its 24-year-long joint venture with the Bajaj Group. Allianz is selling its 26% stake in Bajaj Allianz General Insurance Co and Bajaj Allianz Life Insurance Co to its Indian partner for $2.8 billion, potentially in multiple tranches.
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Life after Bajaj: Allianz fast tracks plans of new alliance with Jio Financial
Allianz SE is planning a partnership with Mukesh Ambani's Jio Financial for a major entry into India’s insurance market, post its split with Bajaj Group. Efforts have intensified, with talks ongoing for several months. Allianz seeks to hold a significant stake and influence in the venture, aligning with JFSL's expansion strategies in insurance.
QSRs go quick; Apple grows India suppliers
Several quick-service restaurant (QSR) brands are customising their top-selling products for quick commerce platforms. This and more in today’s ETtech Morning Dispatch.
Stock market update: FMCG stocks up as market rises
The 30-share BSE Sensex closed up 1131.31 points at 75301.26
Reliance Consumer brings Muralitharan’s Sun Crush to India, sparks juice war
Reliance Consumer Products has acquired the India rights for Sun Crush juice from Muralitharan's Ceylon Beverage International and commenced local production. Sun Crush will be sold at ?20 for 200 ml, competing with Dabur's Real, Paperboat, and Tropicana. The Indian beverages market is projected to reach ?1.47 trillion by 2030.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 25%
Any investor who has been in the Indian market before Covid knows that corrections are part of every bull run. But it is important that even they be aware whether the correction was led by global or domestic factors. Why? Because the magnitude of the correction in terms of price damage, how long it lasts, and how the recovery shapes up are different for those sparked by global and domestic events. Now, as the market shows signs of recovery, focus on what the currency markets are doing as it is global reasons that are likely to lead to a recovery. The first hint of change will come from the Dollar Index. As and when there is a reversal, the first tranche of money is likely to flow to blue chips. Time to have them on your watch list.
Bear hug for Ola Electric, Mobikwik; Byju challenges NCLT
On Monday, Ola Electric and Mobikwik stocks suffered in an ominous sign for IPO-bound companies in 2025. This and more in today’s ETtech Top 5.
China's economy in trouble due to Donald Trump's trade war? Data shows 'weak' state of world's second-largest economy
Chinese authority has released data pertaining to the country's economy for the months of January and February. Here are key findings.
Stock market update: Sugar stocks down as market rises
The 30-share BSE Sensex closed up 341.04 points at 74169.95
Stock market update: Power stocks up as market rises
The 30-share BSE Sensex closed up 341.04 points at 74169.95
Olympics: Six challenges facing the new IOC President
The International Olympic Committee is set to elect a new president who will navigate the Games through digital transformation, political challenges, and environmental issues. Key topics include the 2028 Los Angeles Olympics, transgender athlete inclusion, Russia's participation, financial health, digital media strategies, and climate action. The new president's leadership will shape the future of the Olympic Movement.
Stock market update: Mining stocks down as market rises
The 30-share BSE Sensex closed up 341.04 points at 74169.95
JM Financial sees 38% upside in Varun Beverages, says correction overdone, reaffirms Buy rating
JM Financial maintains a 'Buy' on Varun Beverages with a Rs 675 target, citing strong domestic and international growth drivers. Despite competition from Campa, PepsiCo, and Coca-Cola retain dominance. The company plans Rs 2,000 crore capex for expansion, including Africa.
China's Ecarx explores US entry, in talks with VW to develop smart cars for Europe, CEO says
Volkswagen is in discussions with Ecarx to incorporate the Chinese company's digital cockpit technologies in Skoda cars sold in Europe. Ecarx, already partnered with VW for markets in Brazil and India, aims to expand to developed markets. This move highlights Western automakers' efforts to utilize Chinese advancements in smart-driving technologies to maintain global market shares.
Starlink services via Airtel and Jio to be cheaper than the companies' own channels: Experts
Industry experts suggest that Bharti Airtel and Reliance Jio mobile users may find Starlink services more affordable when bundled with their existing offerings, making it cost-effective compared to purchasing directly from Starlink. By partnering with telecom operators, satellite connectivity can be offered as an added value proposition, minimizing the high costs of satellite equipment for consumers.
Stock market update: Power stocks up as market falls
The 30-share BSE Sensex closed down 72.56 points at 74029.76
Stock market update: FMCG stocks down as market falls
The 30-share BSE Sensex closed down 72.56 points at 74029.76
Stock market update: Fertilisers stocks down as market falls
The 30-share BSE Sensex closed down 72.56 points at 74029.76
Stock market update: Mining stocks down as market falls
The 30-share BSE Sensex closed down 72.56 points at 74029.76
Stock market update: Sugar stocks down as market falls
The 30-share BSE Sensex closed down 72.56 points at 74029.76
Big, fat Indian weddings are a thing of the past, says India’s most famous bridalwear designer Sabyasachi
India's top bridalwear designer Sabyasachi Mukherjee observes a decline in the demand for elaborate bridal outfits, as modern brides prefer more minimalist designs. Mukherjee is refocusing on expanding his offerings, including jewelry and home furnishings, and is aiming to build a competitive global luxury brand.
Wits, prices and margins: India's cola war is getting hot
Coca-Cola and PepsiCo are striving to maintain their market positions while expanding their reach in India as Reliance revives Campa Cola with aggressive pricing. The re-ignited cola wars include strategic distribution expansions and competitive advertising campaigns, poised for significant growth.
For investors with a time frame of 2-3 years: 5 large-cap stocks from different sectors with upside potential of up to 36%
Challenging conventional wisdom can sometimes lead to deeper insights and better investing decisions for the long term. One principle that has long shaped investment decisions is the belief that a higher net margin indicates a superior business. While largely true, a closer look at certain industries reveals a different path to wealth creation, one where single-digit margins have not prevented companies from delivering consistent, long-term growth and outperforming the market. You may be surprised by our list today. These companies have not only created wealth, but over a period of time have been able to outperform strong bearish markets.
Stock market update: FMCG stocks up as market falls
The 30-share BSE Sensex closed down 7.51 points at 74332.58
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