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Sensex zooms 216 points to end at record high of 32,245; Nifty closes at new peak of 9,966

Sensex zooms 216 points to end at record high of 32,245; Nifty closes at new peak of 9,966

Markets broke new ground on Monday as the Nifty came tantalisingly close to 10,000 and the Sensex signed off at 32,246 after banking stocks came alive on better-than-expected quarterly results.

Hindustan Unilever Q1 net rises 9% to Rs 1,283 crore

Hindustan Unilever Q1 net rises 9% to Rs 1,283 crore

FMCG major Hindustan Unilever on Tuesday reported a 9.28 percent increase in standalone net profit at Rs 1,283 crore for the first quarter ended June 30, driven by growth in consumer business.

Bajaj Corp Q1 net rises 5.32% to Rs 54.97 crore

Bajaj Corp Q1 net rises 5.32% to Rs 54.97 crore

Total income during the quarter under review fell by 1.96 per cent to Rs 208.49 crore as against Rs 212.67 crore in the corresponding period last year, the company said in a BSE filing.

Will pass on GST benefits to consumers: Nestle

Will pass on GST benefits to consumers: Nestle

Under GST, which will be implemented from midnight tonight, there will be no tax on fresh milk.

 

Revision of rates left to GST Council's discretion: CBEC Chief

Revision of rates left to GST Council's discretion: CBEC Chief

The decision on revising the tax rates fixed on various goods and services has been left to the discretion of the GST Council, Central Board of Excise and Customs Chairperson Vanaja Sarna said on Monday.

Sensex, Nifty rise as FMCG stocks rally

Sensex, Nifty rise as FMCG stocks rally

The benchmark BSE Sensex rose further by 106 points following a rally in FMCG, consumer durables and capital goods stocks after the GST Council finalised rates for bulk of the goods and services last week.

Nestle Q1 up 6.8% to Rs 307 crore

Nestle Q1 up 6.8% to Rs 307 crore

The company, which follows January-December period as financial year, had posted a net profit of Rs 287.32 crore for the March quarter of last fiscal.

Sensex extends gains, up 86 points on bargain hunting

Sensex extends gains, up 86 points on bargain hunting

The Sensex opened strong and shuttled between 29,453.06 and 29,341.68, before ending at 29,422.39, a gain of 85.82 points, or 0.29 percent.

Nestle partners Google, Paytm to promote new Maggi noodles

Nestle partners Google, Paytm to promote new Maggi noodles

FMCG major Nestle has collaborated with Google and Paytm's e-commerce platform Paytm Mall to roll out promotions for new variants of Maggi noodles.

Sensex fails to maintain 30,000 level on fag-end selling pressure

Sensex fails to maintain 30,000 level on fag-end selling pressure

The S&P BSE benchmark sensex failed to maintain 30,000 level and Nifty also tumbled from all-time high level due to fag-end selling pressure after the news of US striking Syria.

Colgate-Palmolive ropes in Anushka Sharma as brand ambassador

Colgate-Palmolive ropes in Anushka Sharma as brand ambassador

The actress will be seen in new TV advertisement essaying role of a reporter promoting the product.

FMCG highest paying industry in India: Randstad survey

FMCG highest paying industry in India: Randstad survey

As per location-specific salary trends, IT capital Bangalore tops the chart as the highest paying city in the country.

 Amul defends TV commercials; says HUL trying to frighten it

Amul defends TV commercials; says HUL trying to frighten it

Gujarat Milk Marketing Federation Limited (GCMMF), which sells its products under Amul brand, on Saturday defended its TV commercial for ice cream and accused HUL of resorting to "stunt to pressurise and frighten" it.

Sensex gains 114 points for the week on exit-poll position

Sensex gains 114 points for the week on exit-poll position

The Benchmark Sensex ended the week green, gaining 113.78 points to finish at 28,946.23, while the broader Nifty closed above the key 8,900-level, trending on BJP-gains in exit poll positions.

 E-commerce expected to touch $50-55 billion by 2021: Study

E-commerce expected to touch $50-55 billion by 2021: Study

In a big sentiment boost to the e-commerce market, the sector is expected to be at USD 50-55 billion by 2021 from the current $ 6-8 billion, according to a recent report.

FMCG looks beyond 'temporary blip', keeps faith in GST rollout next year

FMCG looks beyond 'temporary blip', keeps faith in GST rollout next year

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.

Employers on 'wait and watch' mode, pay hikes indicate weak trend in 2017

Employers on 'wait and watch' mode, pay hikes indicate weak trend in 2017

The new year may not bring much relief for the employees as the employers are already on the 'wait and watch' mode and salary hikes indicate a weak trend, as per experts.

Domestic FMCG firms outpace MNCs in revenue in FY16: Report

Domestic FMCG firms outpace MNCs in revenue in FY16: Report

Country's seven leading FMCG companies have fared better than their multinational peers in terms of revenue growth in India during 2015-16 fiscal, says a report.

'7th Pay commission, GST to help increase demand in H2'

'7th Pay commission, GST to help increase demand in H2'

After witnessing a sluggish first half, FMCG firm Godrej Consumer Products Ltd (GCPL) expects demand to be better in the remaining period of the year with implementation of 7th Pay Commission and passing of GST likely to increase consumption.

ITC appoints Sanjiv Puri as COO

ITC appoints Sanjiv Puri as COO

FMCG major ITC on Monday announced the appointment of Sanjiv Puri as its chief operating officer with immediate effect.