Tag: FMCG

Sensex, Nifty retreat from record highs to close flat ahead of key US Fed rate decision

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Sensex, Nifty retreat from record highs to close flat ahead of key US Fed rate decision

Brokers react as Sensex ends above 79k, Nifty 50 surpasses 24,000 for the first time, in Kolkata on Thursday. (ANI Photo) | Photo Credit: ANI Benchmark indices Sensex and Nifty hit intra-day record high levels before closing almost flat on July 29 due to profit-taking in FMCG and IT shares by cautious investors ahead of…

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Nestle investing ₹4,200 crore by 2025, to set up its 10th factory in Odisha

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Nestle investing ₹4,200 crore by 2025, to set up its 10th factory in Odisha

FMCG major Nestle India has “strong commitments” for local manufacturing with plans to invest ₹4,200 crore by 2025, including in its 10th plant in the country at Odisha, its Chairman and Managing Director Suresh Narayanan said on Friday. Nestle India, the maker of popular Maggi noodles, KitKat chocolate and Nescafe, is investing to create capacity…

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