Tag: FMCG

Milky Mist eyes growth without fresh debt; targets Tier 1, 2 and 3 cities

Posted on By admin
Milky Mist eyes growth without fresh debt; targets Tier 1, 2 and 3 cities

Sathishkumar T (left) , CMD, Milky Mist Dairy Food Ltd and K. Rathnam, Whole-time Director and CEO, at a press conference in connection with the company’s IPO, in Chennai. | Photo Credit: The Hindu Milky Mist, whose ₹1,553-crore initial public offering (IPO) is currently on tap, plans to expand into West and North India for…

Read More “Milky Mist eyes growth without fresh debt; targets Tier 1, 2 and 3 cities” »

Business

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

Posted on By admin
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…

Read More “Sensex, Nifty retreat from record highs to close flat ahead of key US Fed rate decision” »

Business

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

Posted on By admin
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…

Read More “Nestle investing ₹4,200 crore by 2025, to set up its 10th factory in Odisha” »

Business