Indian consumers are set to receive a significant boost as the government moves towards simplifying the Goods and Services Tax (GST) structure by reducing the number of tax slabs and lowering rates on several key items. The proposed overhaul aims to rationalise rates by migrating from the current four-tier structure to a simplified two-tier system….
India’s fast-moving consumer goods (FMCG) industry is undergoing a major transformation, with online channels expected to account for 40 per cent of all FMCG consumption by 2030, according to a report by RUBIX. The report highlighted that this change is being significantly driven by the rise of quick commerce, especially in urban areas. It stated,…
Stock Market Closing:Â Indian equity benchmarks extended their winning streak for the fourth straight session, buoyed by strong gains in Reliance Industries and select auto stocks. The Sensex closed 371 points higher at 81,644.39 (+0.46 per cent), while the Nifty 50 ended just below the 25,000 mark at 24,981, up 104 points (+0.42 per cent). The…
Fast-moving consumer goods (FMCG) stocks took the lead on Dalal Street on May 23, wrapping up the day as the top sector performer, thanks to ITC’s impressive Q4 results that lifted market spirits across the board. The Nifty FMCG index surged nearly 2 per cent during the day, with big names like ITC, Varun Beverages,…