Free Press Journal
  • Sensex slips from record, falls 85 pts; logs 5th weekly gains

    Mumbai: Benchmark Sensex shed about 85 points to close at 38,251.80 today after three straight record-setting sessions on emergence of profit-booking amid caution in global markets. However, both the key indices Sensex and Nifty finished with gains for the fifth straight week. Investors were also cautious after the rupee depreciated further against the US dollar to quote at 70.24 (intra-day). Sentiment took a hit largely in sync with a weak trend in global markets amid escalating

  • Sensex breaches 37,000-mark for first time; Nifty hits new peak at 11,100

    Mumbai: The BSE Sensex hit the 37,000 level for the first time today on widespread buying in capital goods, FMCG, realty and banking stocks amid heavy buying by domestic institutional investors and positive global cues. NSE Nifty too touched a new peak of 11,172.20.

  • HUL profit rises 19% to Rs 1,529 cr in Q1

    Mumbai : FMCG major Hindustan Unilever on Monday reported a 19.17 per cent increase in standalone net profit at Rs 1,529 crore for the first quarter ended June 30, 2018 despite a rise in materials.

  • Five years on, mandated philanthropy not delivering in India

    India is now into the fifth year of its unique experiment of legally binding companies to be socially responsible. This push by the government to solve the country’s most challenging social problems was based on the idea that the corporate sector will come up with transformative solutions that will scale up impact across the country. As the development goals of the country are immense and everyone recognises that the challenges can only

  • Sensex surges 611 points on firm global relief rally

    Mumbai : The BSE Sensex on Monday jumped 611 points, its biggest single-day gain in two years, in line with a global rally after the latest US jobs report assuaged fears around inflation and faster rate hikes.

  • BSE Sensex

    Nifty snaps 6-day fall, jumps 88 points

    Mumbai: The Nifty rebounded on bargain hunting after a sell-off in the last six sessions, rising by 88 points to 10,242.65 backed by short-covering in last hour of trade mainly in banking and financials, realty, energy, infra and auto sectors. Gains in Asian stocks amid news of potential US tariff exemptions also boosted sentiment on the domestic bourses. Overseas, Asian stocks closed higher on developments related to planned metals tariffs. Japan’s Nikkei, China’s

  • Sensex soars 301 points to reclaim 33,000-mark

    Mumbai : The key Indian equity indices on Friday extended gains for the second consecutive session to close on a higher note as positive global cues and a surge in FMCG, healthcare, metal and auto stocks gave a boost to investors’ sentiments.

  • Eating out and items of daily use get cheaper on lower GST

    As many as 178 items of daily use were shifted from the top tax bracket of 28% to 18% , while a uniform 5% tax was prescribed for all restaurants, both air- conditioned and non-AC. Earlier AC restaurants attracted 18% GST, while non-AC ones levied 12%.

  • Britannia plans Rs 1,000 crore plant in Maharashtra

    MUMBAI: FMCG major Britannia Industries plans to set up its largest plant at Ranjangaon Food Park in Maharashtra with an investment of Rs 1,000 crore, a company official said on Monday. “The company is planning to set up its largest plant at the Ranjangaon Food Park…,” company Chairman Nusli Wadia told shareholders at the 98th Annual General Meeting in Kolkata.

  • Markets cheer GST rollout; Sensex vaults 300 points

    Mumbai : Indian markets rejoiced at the far- reaching tax reform GST, sending the benchmark Sensex higher by over 300 points — its biggest single-day surge in a month — on emergence of a big rally in FMCG and auto counters.

  • Nestle plans to diversify into premium coffee and cereals

    New Delhi : Out of Maggi crisis, FMCG firm Nestle India, is looking to diversify into new segments like premium coffee business, pet care, skin health and cereals while it looks at 2017 as a “year of aggression”.

  • FMCG looks beyond ‘temporary blip’, keeps faith in GST

    New Delhi : The hopes of FMCG companies on the back of a good monsoon and the Seventh Pay Panel award came partially unstuck after the government’s sudden move to pull back currency notes upset the applecart towards the end of 2016.

  • The art of creating wealth from equity market

    Creating wealth from stock market requires broader understanding of market fundamentals and individual businesses as well as hunting for opportunities which have multi-year growth prospects. No matter where the headline index goes, when you invest in quality stocks it means buying a piece of business with conviction, says A L I Chougule 

  • Govt plans single policy for retail, FMCG and e-comm

    New Delhi : To provide a level-playing field to stakeholders, there is a move in government to harmonise policies of retail, FMCG and e-commerce within a single policy framework, NITI Aayog CEO Amitabh Kant said on Thursday.

  • Sensex recovers 85 points

    Mumbai : Market benchmark BSE Sensex on Thursday broke its two-day losing streak and closed nearly 85 points higher, a day after posting its biggest single-day plunge in nearly seven weeks, on emergence of buying in select blue-chips amid mixed global cues.