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Over 92 large companies can pay additional dividends worth Rs 340 bn: IiAS

1h business-standard
As many as 92 large companies which sit on a mount of cash, can pay out additional dividends to the tune of Rs 340 billion for the past financial year when these firms had muted earnings growth, says a report. These 92 companies, drawn from the BSE 500 index whose members are sitting on a whopping Rs 1.85 trillion in aggregate cash/cash equivalents, have already paid Rs 407 billion in dividends in 2016-17 but can pay Rs 340 billion more, says proxy advisory firm IiAS. (4-0)

Danone to exit loss-making dairy segment in India

2018-01-12 moneycontrol
French FMCG firm Danone is shutting down its loss-making dairy segment in India, meaning all the dairy products - from their yogurts to their smoothies - will be taken off the shelves, the company said in a statement.

Danone to shut down its dairy business in India

2018-01-11 livemint
New Delhi: French dairy company Danone SA has finally decided to close down its dairy business in India, after three failed attempts to make a mark in one of the world’s fastest growing consumer packaged goods markets. (6-0)

5 ETFs to Buy for the Future of Retail

2018-01-08 investorplace
Right now might not seem like the best time for exchange-traded funds (ETFs) that focus on retail. After all, traditional brick-and-mortar stores are in trouble. Amazon.com, Inc. (NASDAQ:AMZN) is bearing down on the space, and new rumors that it might buy out Target Corporation (NYSE:TGT) are adding fuel to the already enormous retail fire. With the future of retail this uncertain, finding good retail ETFs to buy seems pretty daunting. (186-0)

Consumer goods makers pin hopes on 2018 to erase woes of 2017

2017-12-27 livemint
New Delhi: Packaged goods companies and makers of consumer durables have pinned their hopes on 2018 for a revival in demand as the market recovers from the initial hiccups that followed the implementation of the goods and services tax (GST), the country’s biggest indirect tax reform.

Hindustan Unilever’s sales from food business stagnate as rivals surge ahead

2017-12-20 livemint
Mumbai: Hindustan Unilever Ltd (HUL), India’s largest consumer packaged goods firm, has seen stagnating sales in its foods business, even after separating it from the refreshments business in May 2016, as rivals power ahead. (3-0)

Market Update: Nifty Pharma outperforms with DRL top Nifty gainer; TCS falls 3%, SBI most active

2017-12-14 moneycontrol
The Indian benchmark indices on Thursday afternoon were trading on a negative note with the Nifty down 9 points or 0.09 percent while the Sensex shedding 46 points and was trading at 33012. (12-0)

Market Update: TCS, UPL fall 2%, Glenmark Pharma hits 52-week low; Tata Comm, RIL most active

2017-12-14 moneycontrol
The Indian benchmark indices on Thursday afternoon were trading on a negative note with the Nifty up 19 points or 0.19 percent while the Sensex shedding 80 points and was trading at 32972. (9-0)

Market Update: Tech Mahindra, Dr Reddy#39;s top gainers, Tata Comm up 4%; TCS, Maruti most active

2017-12-14 moneycontrol
The Indian benchmark indices on Thursday morning were trading on a positive note with the Nifty up 12 points or 0.12 percent while the Sensex added 31 points and was trading at 33083. (9-0)

Focus on compliance with new norms: FSSAI

2017-12-08 thehindubusinessline
The Food Safety and Standards Authority of India (FSSAI) has asked safety commissioners to take cognisance of the new standards framed for various food products.

Global food companies form lobby in India to avoid Maggi-like fiasco

2017-12-06 livemint
New Delhi: To avoid another Maggi-like fiasco, global food companies such as Cargill, Nestle, Coca-Cola, Danone, Tesco, Metro Group and Amazon have come together to form a lobby in India to work with the government, the regulator and academia to ensure food safety.

Nestle India declares interim dividend of Rs 33 per share

2017-12-04 thehindubusinessline
FMCG major Nestle India today declared an interim dividend of Rs 33 per share for 2017.

Nestle India declares interim dividend of Rs 33 per share

2017-12-04 business-standard
FMCG major Nestle India today declared an interim dividend of Rs 33 per share for 2017. "The Board of Directors at their meeting held today declared third interim dividend of Rs 33 per equity share for the year 2017 on the entire issued, subscribed and paid up share capital of the company," Nestle said in a BSE filing.

Nestle India declares interim dividend of Rs 33 per share

2017-12-04 moneycontrol
FMCG major Nestle India today declared an interim dividend of Rs 33 per share for 2017.

Maggi compliant with latest FSSAI norms, no ash added: Nestle

2017-12-04 freepressjournal.in
New Delhi: FMCG major Nestle India said today that Maggi complied with the latest guidelines of food safety regulator FSSAI and it does not add any ash to its popular noodles.