Sluggish Growth in Food and Beverage
Nestlé India’s Managing Director, Suresh Narayanan, has revealed that the fast-moving consumer goods (FMCG) sector is facing tough times, with growth in the food and beverage sector slowing to just 1.5-2%. This is a stark contrast to the double-digit growth seen in previous quarters.
Urban Areas Hit Hard
According to Narayanan, urban areas are particularly…
In a significant move to enhance employee motivation, Nykaa, the leading beauty and personal care platform spearheaded by Falguni Nayyar, has announced the allocation of 3.08 lakh equity shares under its employee stock option plan (ESOP). This strategic issuance reflects Nykaa’s commitment to recognizing and rewarding its workforce, especially as it navigates a competitive landscape in the…
Bengaluru-based Groww, now the largest stock broking firm in India by active investors, has just reported an impressive financial performance for the fiscal year ending March 2024. The company’s revenue more than doubled to ₹2,900 crore, up from ₹1,295 crore in the previous year. Its net profit also saw a significant leap, soaring to ₹298 crore from just ₹73 crore in FY23.
This growth…
