Colgate-Palmolive (India) Ltd up for fifth session
Colgate-Palmolive (India) Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 2432, up 0.92% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.84% on the day, quoting at 25181.15. The Sensex is at 82910.27, up 1.24%. Colgate-Palmolive (India) Ltd has dropped around 3.12% in last one month.
Meanwhile, Nifty FMCG index of which Colgate-Palmolive (India) Ltd is a constituent, has dropped around 4.31% in last one month and is currently quoting at 54226.85, up 0.67% on the day. The volume in the stock stood at 2.08 lakh shares today, compared to the daily average of 4.83 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 2445.2, up 1.13% on the day. Colgate-Palmolive (India) Ltd is down 14.1% in last one year as compared to a 6.15% spurt in NIFTY and a 2.95% spurt in the Nifty FMCG index.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
20 minutes ago
- News18
UER-II Inauguration: Developers See Big Boost For Dwarka Expressway, NCR Realty
Developers believe UER-2 will be a gamechanger for Delhi-NCR's real estate sector as enhanced connectivity is expected to spur demand for both residential and commercial projects. Prime Minister Narendra Modi will on Sunday inaugurate the 76-km Urban Extension Road-2 (UER-2) and the 29-km Delhi stretch of the Dwarka Expressway, in what is being billed as a major infrastructure boost for the National Capital Region (NCR). Built at a cost of about Rs 8,000 crore, the four-to-six-lane UER-2 connects Alipur to Mahipalpur via Mundka, Bakkarwala, Najafgarh, and Dwarka. The new corridor is expected to significantly cut travel time between Indira Gandhi International Airport and several NCR cities. देशभर में हम कनेक्टिविटी के विस्तार के साथ आवागमन की सुविधाएं बढ़ाने में निरंतर जुटे हुए हैं। इसी दिशा में कल दोपहर करीब 12:30 बजे दो प्रमुख राष्ट्रीय राजमार्ग परियोजनाओं के उद्घाटन का सौभाग्य मिलेगा। इससे दिल्ली-एनसीआर का ट्रैफिक और सुगम होगा। — Narendra Modi (@narendramodi) August 16, 2025 With seamless links to the Delhi-Chandigarh, Delhi-Rohtak, and Delhi-Mumbai expressways, UER-2 is likely to ease congestion, reduce fuel costs, and enhance connectivity to Sonipat, Panipat, Karnal, Ambala, Rohtak, Jind, and Bahadurgarh. Boost for Real Estate Developers believe UER-2 will be a gamechanger for Delhi-NCR's real estate sector, as enhanced connectivity is expected to spur demand for both residential and commercial projects across multiple corridors. Dwarka and Najafgarh are emerging as attractive residential destinations, offering families value housing with better access to Gurugram's business hubs. Commercial real estate is also set to benefit. UER-2's links to major highways are expected to drive demand for warehouses, logistics hubs, and retail spaces in Bahadurgarh and Rohtak, where land rates could rise 20-30% over the next 18 months. Gurugram and Greater Noida may see growing interest in luxury housing and office complexes as reduced travel times attract corporate tenants and high-net-worth buyers. Historical trends along the Yamuna Expressway show similar infrastructure projects boosting plot values by up to 50%. Developers Welcome the Move Navdeep Sardana, founder of Whiteland Corporation, said, 'We welcome the inauguration of UER-II and the Dwarka Expressway by PM Modi, a landmark moment in Delhi-NCR's growth journey. UER-II will seamlessly connect key destinations such as Sonipat and Panipat while easing travel across the region, setting the stage for stronger economic lifelines and future-ready development." Robin Mangla, president of M3M India, called the project a breakthrough in regional mobility. 'The inauguration of the UER-II corridor is a watershed in regional mobility — cutting travel time from Gurugram and Delhi to Sonipat, Panipat and beyond, while enabling seamless access from the Delhi border to IGI Airport. By bypassing traditional chokepoints, this connectivity will redefine how people and businesses engage with emerging locations," he said. Abhay Kumar Mishra, president & CEO of Jindal Realty, said Sonipat is poised for a real estate boom post-UER-2. 'Enhanced connectivity will slash commute times from Sonipat to IGI Airport by over half and link seamlessly to Dwarka Expressway. Property prices here remain 30-50% lower than Gurugram or Noida, yet Kundli land values have surged 190% since 2020, while Sector 35 saw 252% appreciation in three years. Developments like Maruti Suzuki's Kharkhoda plant will further spur demand for affordable housing and logistics hubs," he said. Gaurav K Singh, founder of Womeki Group, said, 'The launch of the Dwarka Expressway and UER-2 is set to transform NCR real estate. Enhanced connectivity across Delhi, Gurugram, and Dwarka will make the entire corridor far more attractive for both homebuyers and investors. Strong infrastructure drives convenience, security, and long-term value growth." Harinder Dhillon, national sales head at BPTP, said, 'The inauguration of UER-2 by PM Modi marks a transformative moment for Delhi-NCR's real estate landscape. This enhanced connectivity will ripple across the region, linking key highways such as Delhi-Chandigarh and Delhi-Jaipur. The anticipated surge in property values presents a significant opportunity for buyers." Improved airport connectivity, reduced congestion, and stronger investment appetite are expected to drive both property demand and values across the region. tags : real estate view comments Location : New Delhi, India, India First Published: August 17, 2025, 10:11 IST News business » real-estate UER-II Inauguration: Developers See Big Boost For Dwarka Expressway, NCR Realty Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
20 minutes ago
- News18
Navi Mumbai man duped of Rs 1.47 crore in property fraud
Thane, Aug 17 (PTI) Police have registered a case against a real estate company director and two others for allegedly cheating a man of Rs 1.47 crore after promising him six flats with the amount in Navi Mumbai a decade ago, officials said on Sunday. The accused lured the 57-year-old transport firm owner from CBD Belapur in Navi Mumbai with the promises of multiple flats and collected the sum between June 2011 and January 2016, they said. The victim was assured that a formal Agreement for Sale would be executed and possession of flats would be handed over. However, no flats were provided and the money was not returned, an official from CBD Belapur plice station said. Based on the victim's complaint, the police on Friday registered a case against the real estate company director and two of his associates under the legal provisions for cheating, the official said. The police have appealed to the people to remain cautious and verify documents thoroughly before committing to property purchases. PTI COR GK view comments First Published: August 17, 2025, 10:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
26 minutes ago
- Mint
He earned a small towns trust. He owed $95 million in what authorities say was a Ponzi scheme
HAMILTON, N.Y. (AP) — For decades, Miles 'Burt' Marshall was the man you went to see in a stretch of upstate New York if you had some money to invest but wanted to keep it local. Working from an office in the charming village of Hamilton, down the road from Colgate University, Marshall prepared taxes and sold insurance. He also took money for what was sometimes called the '8% Fund,' which guaranteed that much in annual interest no matter what happened with the financial markets. His clients spread the word to family and friends. Have a retirement nest egg? Let Burt handle it. He'll invest it in local rental properties and your money will grow faster than in a bank. Marshall was friendly and folksy. He gave away gift bags with maple syrup, pickles and local honey in jars labeled with cute sayings like, 'Don't be a sap. For proper insurance coverage call Miles B. Marshall." 'He would tell you about all the other people that invest. Churches invest. Fire companies invest. Doctors invest,' said one client, Christine Corrigan. 'So you'd think, 'Well, they're smart people. They wouldn't be doing this if it wasn't okay to do ... Why are you going to be the suspicious one?' Then it all came crashing down. Marshall owed almost 1,000 people and organizations about $95 million in principal and interest when he filed for bankruptcy protection two years ago, according to the trustee's filings. This summer, the 73-year-old businessman was indicted on charges that his investment business was a Ponzi scheme. He could face prison time if convicted. Marshall's lawyers declined to comment. Total losses by Marshall's investors fall short of the multibillion-dollar Ponzi scheme masterminded by Bernie Madoff. But they loom large in the small, college town of about 6,400 people and its largely rural surrounding area. Many investors were Colgate professors, laborers, office workers or retirees. Some lost their life's savings of tens or hundreds of thousands of dollars. Corrigan and her husband, who own a restaurant 30 miles (48 kilometers) east, were owed about $1.5 million. Now they're wondering how someone who seemed so reliable, who held annual parties for his clients and even called them on their birthdays could betray their trust. 'You look at life differently after this happens. It's like, 'Who do you trust?'' said Dennis Sullivan, who was owed about $40,000. 'It's sad because of what he's done to the area.' Marshall and his wife lived in a brick Victorian, blocks from his office. Aside from insurance and tax preparation, he rented more than 100 properties and ran a self-storage business and a print shop. His parents had run an insurance and realty business in the area and the Marshall name was respected locally. Though he quit college, he was a federally enrolled tax professional. To many in the area, he seemed knowledgeable about money and kept a neat office. 'He had French doors and a beautiful carpet and a big desk and he just looked like he was prosperous and reliable," Corrigan said. Marshall began taking money from people to buy and maintain rental properties in the 1980s. People got back promissory notes — slips of paper with the dollar amount written in. Withdrawals could be made with 30 days' notice. People could choose to receive regular interest payments. Participants saw the transactions as investments. Marshall has called them loans. For many years, Marshall made good on his promises to pay interest and process withdrawals. More people took part as word spread. Sullivan recalls how his parents gave Marshall money, then he did, then his fiancee, then his fiancee's daughter, then his son, and even his snowmobile club. 'Everybody gets snowballed into it,' Sullivan said. A number of investors lived in other states, but had connections to the area. The promise of 8% returns was unremarkable in the '80s, a time of higher interest rates. But it stood out later as rates dropped. Marshall told a bankruptcy proceeding that he assumed appreciation on his real estate would more than cover the debts. 'That's obviously false now," he said, according to filings, "but that's what I always thought.' The money stopped flowing by 2023. Marshall filed for Chapter 11 bankruptcy protection that April, declaring more than $90 million in liabilities and $21.5 million in assets, most of it in real estate. He explained in a filing that he had been been hospitalized for a 'serious heart condition' that required two surgeries, costing him $600,000. As news of his illness spread, there was a run on note holders asking for their money back. The bankruptcy trustee, Fred Stevens, blamed Marshall's insolvency on incompetent business practices and borrowing from people at above-market rates. The trustee contended that by 2011, Marshall was using new investment money to pay off previous investors, the hallmark of a Ponzi scheme. Prosecutors claim Marshall falsely represented the profitability of his real estate business and had his staff generate "transaction summaries' with bogus information about account balances and earned interest. Money was funneled into his other businesses and he spent hundreds of thousands of investors' dollars on personal expenses, including airline travel, meals out, groceries and yoga studios, according to prosecutors. Marshall's clients feel betrayed. 'We left it there so that it would accumulate. Well, it accumulated in his pocket,' Barbara Baltusnik said of her investment. Marshall pleaded not guilty in June to charges of grand larceny and securities fraud. He's accused of stealing more than $50 million. Marshall's home and properties were sold as part of bankruptcy proceedings, which continue. People who gave Marshall their money stand to recoup around 5.4 cents on the dollar from the asset sales. Potential claims against financial institutions are being pursued, according to the trustee. Baltusnik said she and her husband were owed hundreds of thousands of dollars and now she wonders how she will pay doctors' bills. Sullivan's mother moved in with him after losing her investment. In Epworth, Georgia, retiree Carolyn Call will never see money she hoped would help augment her Social Security payments. She found out about Marshall though an uncle who lived in upstate New York. 'I'm just able to pay my bills and keep going," she said. "Nothing extravagant. No trips. Can't do anything hardly for the grandkids.'
