The success of Burger King at the bourses has off-late reinforced belief in the sector, especially quick service restaurants (QSRs), provided the stocks are attractively valued
Globally, firm aims to become net zero by 2050 via reduced use of water at farms, sustainable packaging and use of green energy at all its 800 plants and warehouses
India is likely to issue an emergency use authorisation to at least one Covid vaccine by the end of January and health workers will be the first to be inoculated. More headlines in our evening roundup
The country's largest food company, Nestle India, is planning to avail the Union government's production-linked incentive scheme to boost exports.
Currently, about 5 per cent of Nestle India's sales comes from exports to its affiliate companies in regions where demand from the diaspora is high
Nestle India MD and Chairman Narayanan said mega-metros and metros felt the adverse impact of the pandemic much more due to the lockdown
Shriram Transport Finance, Asian Paints, Nestle India, L&T, Bajaj Finance, Colgate-Palmolive India, Shree Cement, Ipca Laboratories, NTPC and Pidilite Industries were up in the range of 3% to 8%
The board has declared an interim dividend for 2020 of Rs 135 per equity share amounting to Rs 1,302 crore
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After facing resistance at the 100-day moving average (DMA), placed at Rs 925, L&T has now managed to conquer the level decisively.
Some part of the funds will also be used for its plant in Sanand, Gujarat, which is currently under construction
Weathering impact of localised lockdowns, it managed to grow its net sales by 10.2 per cent during the quarter to Rs 3,525 crore
The company, which follows January-December financial year, had posted a profit of Rs 595.27 crore in the July-September quarter a year ago
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On Wednesday, the company reported a 'mid-single-digit growth' in the Indian market in the July-September quarter.
Demand for its instant noodles and coffee continued to surge
Swiss food and drink company Nestle has reported a 'mid-single-digit growth' in the Indian market in the July-September quarter, helped by its popular brands Maggi, Nescafe and KitKat.
Strong resilient portfolio, along with recent ready-to-eat launches and focus on rural distribution, indicate good growth potential
The company reported an 11.14 per cent increase in net profit at Rs 486.60 crore for the quarter ended June 2020, helped by an increase in sales.
While revenue for the quarter rose, it was sluggish at Rs 3,050 crore versus Rs 3,000 crore reported a year ago