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FMCG market growth hits a 9-year high in 2021

Updated at : 2022-01-31 08:20:02

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Volume, which normally accounts for more than two-thirds of FMCG growth, expanded 5% or about a third of the overall growth, indicating that bulk of the revenue expansion was due to price hikes, industry executives quoting Nielsen data said. In 2020, the market had shrunk about 2% in both value and volume.

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​Paytm shares have tumbled 58% since the stock listed on Nov. 18. That’s cut the valuation of its parent One 97 Communications Ltd. to $7.8 billion from $20 billion.

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A large cash balance of over Rs 1 lakh crore would help the government tide over the financial year even if the budgeted Life Insurance Corporation’s initial public offering (IPO) fails to make it before the March 31, 2022 deadline.

Legal experts split over crypto regulation

Updated at : 2022-01-31 08:20:02

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Legal experts are divided over regulating crypto assets. While one section is advising the government not to take a hasty decision without understanding the use cases, the other is against continuing the status quo despite the difficulty in defining crypto.

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Oil rose 1% on Monday, hovering near 7-year highs hit in the previous session, amid concerns over tight supply as well as geopolitical tensions in Eastern Europe and the Middle East. Brent crude rose 92 cents, or 1.0%, to $90.95 a barrel at 0051 GMT, after adding 69 cents on Friday. The front-month contract for March delivery expires later in the day.

Cabinet may take up FDI proposal for LIC next week

Updated at : 2022-01-31 08:20:02

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India allows foreign direct investment (FDI) up to 74% in the insurance sector, but this does not apply to LIC, which is governed by the LIC Act. The government may now allow up to 20% foreign investment in the insurer that plans to list by the end of this fiscal year.

Sun Pharma, Tata Motors, IOC, DLF, Bharat Petroleum, UPL, Hindustan Petroleum, Vinati Organics, Navin Flourine and UCO Bank are among the companies that will announce their December quarter results today.

India’s largest company by market capitalisation raised the debt just before interest rates started firming up globally. The estimated benefit on its borrowing cost is more than the annual profits earned by 98% of India’s listed companies.

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Globally, $26.7 billion worth of IPOs have priced, marking a 60% drop from the same period a year earlier. Now, pulled deals are piling up under pressure from roiling markets.

“Given the positive turnaround in the global trade setup, the market may see a positive start to the day. The levels of 17,250 and 17,385 may act as immediate resistance levels. The supports come in at 17,000 and 16,900 levels. ”

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