Latest news with #AdaniWilmar
Mint
22-05-2025
- Business
- Mint
Standard cooking oil packs mooted to cut shifty traders to size
New Delhi: The government is planning to reinstate standard pack sizes for edible oil, two people said, after a spell of flexible norms saw traders short-changing customers. Traders exploited the relaxed norms introduced in 2022 through amendments to the Legal Metrology (Packaged Commodities) Rules, which allowed flexible packaging. As a result, random sizes such as 800 gm, 810 gm, and 850 gm are being sold in the market as 1 kg packs, allowing sellers to charge full 1 kg prices for lower quantities. These practice has been flagged as unfair and deceptive, undermining consumer trust. In response, the government now plans to bring back uniform pack sizes such as 5 kg, 2 kg, 1 kg, 500 grams, and 200 grams for cooking oil to prevent pricing manipulation. This comes in the backdrop of India's cooking oil consumption increasing from 24.6 million tonnes (mt) in 2020–21 to 25.8 mt in 2021–22, and 28.9 mt in 2022–23. Also read | Adani Wilmar to raise cooking oil prices by 20% following import duty hike 'We are reviewing the complaints regarding unfair trade practices related to disparities between the price and the actual weight of edible oil packs. It's a bit tricky for consumers to calculate the price of a pack weighing 800 grams, but it's much easier for the same consumer to understand the cost of a standard 2 kg or 500 gm pack," the first person said. As per the consumer affairs ministry data, the all-India daily weighted average retail price of groundnut oil stood at ₹188.82 per kg on 20 May, nearly unchanged from ₹188.76 per kg recorded a year ago. Mustard oil, however, saw a sharp rise, reaching ₹170.66 per kg compared with ₹135.50 per kg a year earlier. Soya oil was priced at ₹147.04 per kg, up from ₹123.61 per kg last year, while sunflower oil rose to ₹160.77 per kg from ₹123.17 per kg. Palm oil, one of the most widely used cooking oils, climbed to ₹135.04 per kg from ₹101 per kg. Vanaspati also saw a price increase, reaching ₹154.71 per kg compared to ₹126.40 per kg a year ago. Read this | BPCL in talks with Sulzer to make aviation fuel from used cooking oil 'The government is reviewing the packaging norms, and after stakeholder consultations, the old standards are likely to be reinstated to ensure better transparency and promote fair trade practices," the second person said. This change follows mounting confusion among consumers, the person said, adding that all stakeholders have been asked to submit their recommendations on this. The Indian edible oil market, valued at $4.39 billion in 2024, is projected to reach $6.49 billion by 2030, growing at a compound annual rate of 6.79%, according to TechSci Research. Industry welcomed the move, calling it essential for ensuring consistency in retail pricing and compliance with the Legal Metrology Act. 'Standardized packaging ensures that price comparisons are simple, transparent, and fair. It creates a level playing field for both consumers and producers, encouraging trust and long-term brand value," said Sudhakar Desai, president, Indian Vegetable Oil Producers' Association (IVPA). And read | Decoding the dilemma behind escalating cooking oil imports When the packaging rules were amended in 2021, the Legal Metrology (Packaged Commodities) Amendment Rules mandated the display of the Unit Sale Price (USP) on all packaged goods to help consumers compare prices more easily. Building on that, the 2022 amendment went a step further by removing Schedule II, which had previously required certain essential commodities—like edible oils—to be sold only in standard quantities. This shift gave manufacturers the freedom to choose pack sizes as per their convenience, leading to a proliferation of non-standard packs in the market.
Time of India
15-05-2025
- Business
- Time of India
Best aggressive hybrid mutual funds to invest in May 2025
You might have heard from your favorite mutual fund manager or experts that hybrid funds are likely to show their resilience in the coming year. Hybrid mutual funds or schemes that invest mostly in equity and debt fare better in an uncertain or volatile environment. Mutual fund experts believe that the markets are likely to be cautious and investors should also proceed with caution. Aggressive hybrid funds are one of the popular hybrid mutual fund categories. These schemes are mandated to invest in a mix of equity (or stocks) and debt. As per Sebi norms, these schemes must invest 65-80% in stocks, and 20-35% in debt. This mixed portfolio helps to deal with the market volatility better. When the equity market is in turmoil, the debt part of the portfolio softens the blow. This helps new investors to continue with their investments without worrying too much about volatility. Also Read | Nippon India Small Cap Fund exits IndusInd Bank, Adani Wilmar, 3 other stocks in April Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » If you are bothered about the uncertainties and volatility in the market, you can consider investing in aggressive hybrid mutual funds . Mutual fund advisors typically recommend aggressive hybrid fund schemes to 'conservative' equity investors to create wealth to achieve their long-term financial goals. A 'conservative equity investor' is not the same as a conservative investor. A conservative investor doesn't want to take risks at all. These investors typically park their money in bank deposits, bonds, etc which give them predictable returns. A conservative equity investor is ready to take risk, but he or she doesn't want too much risk and volatility. So, a conservative equity investor typically wants to grow wealth without exposing her investments to too much volatility. Live Events Mixed portfolio Another advantage of investing in these schemes is their mixed portfolio of equity and debt. In order to maintain the asset allocation, the fund manager would constantly book profits, and this will boost the returns. Suppose the equity allocation has gone beyond the original plan in a bull market. The fund manager would sell the stocks to maintain the allocation. This profit-booking, over a long period of time, would enhance the returns. Sure, you can do such an allocation and create your own mutual fund portfolio. However, when you book profits, you may have to pay taxes on gains of over Rs 1 lakh in a financial year. A mutual fund, on the other hand, is not liable to pay taxes. This again would help investors to enhance their returns. Now that you know about these schemes, here are the points you should remember before deciding to invest in aggressive hybrid funds. One, the mixed portfolio of these schemes helps you to limit volatility and create wealth over a long period. Two, regular profits booking would help these schemes to boost profits. Three, they offer a tax advantage. Lastly, don't rely on regular dividends from these schemes to draw up a regular income. Also Read | BSE and One 97 among stocks that mutual funds bought and sold in April However, you should always remember none of these factors make aggressive hybrid schemes risk free. Any scheme that invests a minimum 65% in stocks, can't be risk free. Stocks are risky. So, you should be prepared for some volatility in the short period. Here is an update: SBI Equity Hybrid Fund has been in the third quartile in the last four months. The scheme had been in the fourth quartile earlier. Mirae Asset Hybrid Equity Fund has been in the third quartile in the last month. The scheme had been in the fourth quartile before that. Canara Robeco Equity Hybrid Fund has been in the third quartile for the last 24 months. Note, these schemes have been part of our recommendation list in 2024, too. We have been closely watching these schemes. Please follow our monthly updates if you are investing in these schemes. Aggressive hybrid schemes to invest in May 2025: SBI Equity Hybrid Fund Canara Robeco Equity Hybrid Fund Mirae Asset Hybrid Equity Fund ICICI Prudential Equity and Debt Fund Quant Absolute Fund Methodology If you want to invest in these schemes, you may be interested to know how we chose these schemes. Take a look at our methodology: ETMutualFunds has employed the following parameters for shortlisting the hybrid mutual fund schemes. 1. Mean rolling returns: Rolled daily for the last three years. 2. Consistency in the last three years: Hurst Exponent, H is used for computing the consistency of a fund. The H exponent is a measure of the randomness of NAV series of a fund. Funds with high H tend to exhibit low volatility compared to funds with low H. i) When H = 0.5, the series of returns is said to be a geometric Brownian time series. These types of time series are difficult to forecast. ii) When H is less than 0.5, the series is said to be mean reverting. iii) When H is greater than 0.5, the series is said to be persistent. The larger the value of H, the stronger is the trend of the series 3. Downside risk: We have considered only the negative returns given by the mutual fund scheme for this measure. X = Returns below zero Y = Sum of all squares of X Z = Y/number of days taken for computing the ratio Downside risk = Square root of Z 4. Outperformance i) Equity portion: It is measured by Jensen's Alpha for the last three years. Jensen's Alpha shows the risk-adjusted return generated by a mutual fund scheme relative to the expected market return predicted by the Capital Asset Pricing Model (CAPM). Higher Alpha indicates that the portfolio performance has outstripped the returns predicted by the market. Average returns generated by the MF Scheme = [Risk Free Rate + Beta of the MF Scheme * {(Average return of the index - Risk Free Rate} ii) Debt portion: Fund Return – Benchmark return. Rolling returns rolled daily is used for computing the return of the fund and the benchmark and subsequently the Active return of the fund. 5. Asset size: For Hybrid funds, the threshold asset size is Rs 50 crore
Time of India
14-05-2025
- Business
- Time of India
Nippon India Small Cap Fund exits IndusInd Bank, Adani Wilmar, 3 other stocks in April
Nippon India Small Cap Fund , the largest small cap fund based on assets managed, made a complete exit from IndusInd Bank, Adani Wilmar and three other stocks in April. Around 2.24 crore shares of Adani Wilmar and around 15 lakh shares of IndusInd Bank were also sold from the portfolio. The other stocks include Affle (India), Dalmia Bharat, Western Carriers India whose 25.87 lakh, 2.73 lakh, and 6.57 lakh shares, respectively. Also Read | Largecap mutual funds gain investor interest, inflows surge by 8% in April Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » The fund added four new stocks in its portfolio which included Affle 3i, AWL Agri Business, Clean Science and Technology, and Kajaria Ceramics. Around 2.24 crore shares of AWL Agri Business, 25.87 lakh shares of Affle 3i, 22.57 lakh shares of Kajaria Ceramics, and 4.37 lakh of Clean Science and Technology were added to the portfolio. Exposure in 20 stocks was increased in April which included Ambuja Cements , Asian Paints, Axis Bank, Can Fin Homes, Dr. Reddy's Laboratories, HUL, Pfizer, Whirlpool of India. It added 32.39 lakh shares of Delhivery India taking the total shares to 53.67 lakh in April against 21.28 lakh in March. Live Events The shares of Dr. Reddy's Laboratories were increased by 10 lakh in the portfolio, followed by 10 lakh shares of Axis Bank and only 108 shares of Pfizer were added to the portfolio. Exposure in nine stocks was reduced in the similar time frame. It reduced 12.59 lakh shares of Fusion Finance, followed by 4.91 lakh shares of Paradeep Phosphates. Around 40,000 shares of Gujarat Fluorochemicals were reduced from the portfolio in April. Only 21 shares of Capital Small Finance Bank were reduced from the portfolio in the similar time period. The largest small cap fund made no change in the exposure of 195 stocks in the similar time period which included some stocks such as Zydus Wellness, Voltas, UTI AMC, RITES, RIL, RBL Bank, Raymond Lifestyles, Jindal Saw, Indigo Paints, Hitachi Energy India, HDFC Bank, and Bajaj Electricals. The small cap fund had 228 stocks in its portfolio in April against 229 stocks in March. Launched on September 16, 2010, the scheme had an AUM of Rs 58,028.59 crore as on April 30, 2025. The current investment philosophy of the fund is that the fund attempts to generate relatively better risk adjusted returns by focusing on the smaller capitalization companies. The fund focuses on identifying good growth businesses with reasonable size, quality management and rational valuation. The investment approach adopts prudent risk management measures like margin of safety and diversification across sectors and stocks with a view to generate relatively better risk adjusted performance over a period of time. Also Read | Parag Parikh Flexi Cap Fund exits ITC Hotels and increases stake in 8 stocks The scheme is managed by Samir Rachh and is benchmarked against Nifty Smallcap 250 TRI. An exit of 1% will be applicable, if redeemed or switched out on or before completion of one year from the date of allotment of units and the exit load will be nil thereafter. The scheme is suitable for investors who are seeking long term capital growth and want investment in equity and equity related securities of small cap companies. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
02-05-2025
- Business
- Economic Times
Adani Enterprises: Adani Enterprises Q4 results: Net profit up 7x on exceptional gains
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Markets Mumbai: Adani Enterprises on Thursday posted a more than seven-fold jump in consolidated net profit for the fiscal fourth quarter at ₹3,845 crore, boosted by an exceptional gain from the sale of its stake in Adani Wilmar The Adani Group flagship company recorded an exceptional gain of ₹3,945.7 crore for the January-March period, after also taking a loss of ₹88 crore related to its Mundra Solar PV operations. A year earlier, it had posted an exceptional loss of ₹627.4 taxes, the exceptional gain was ₹3,286 crore, implying that the company's profit would have been ₹559.7 crore without this gain. This compares to a consolidated profit of ₹449 crore a year income fell 7% on year to ₹27,602 crore in the March quarter, while earnings before interest, tax, depreciation and amortisation (Ebitda) rose 19% to ₹4,346 the Adani New Industries ecosystem, under which the group invests in green energy and sustainable technologies, sales of modules rose 24% to 990 MW in the past quarter. Passenger movements in its airports business rose 6% from a year earlier to 24.7 million, while construction of roads rose 1.4 times to 694.6 its integrated resources management business, the company saw volumes slump 38% on year to 15.3 million metric tonnes, while mining services posted a 30% rise in dispatch to 14.0 fiscal 2024-25, revenues rose 2% to ₹1 lakh crore, while Ebitda jumped 26% to ₹16,722 crore. The Ebitda was driven by continued strong operational performance from incubating businesses, the company said in a statement. Profit for the year more than doubled to ₹7,112 crore."Our robust performance in FY25 is a direct outcome of our strengths in scale, speed and sustainability," group chairman Gautam Adani was quoted in a news release. "As we scale up in energy transition, airports, data centres and mining services, we are creating new market leaders that will drive India's growth story for decades to come," he said. Adani Enterprises ' net external debt rose to ₹49,306 crore at the end of March from ₹30,966 crore a year earlier. Net debt to Ebitda ratio rose to 2.9 from gross debt during the period rose to ₹76,236 crore from ₹50,124 crore, with the airports, copper and roads businesses seeing the sharpest rise. Between the three businesses, debt rose by more than ₹21,000 stock market was shut on Thursday for Maharashtra Day. On Wednesday, its shares ended at ₹2,297.7 on the BSE, down 1.4% from the previous close.
Time of India
29-04-2025
- Business
- Time of India
AWL Agri Business ups sales forecast on delivery boom, easing food prices
Indian consumer goods firm AWL Agri Business , formerly known as Adani Wilmar , raised its forecast for fiscal 2026 sales volumes, expecting growth to surpass 10%, as it bets on the boom in 10-minute delivery platforms and softer food prices. #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" Inflation slipped to a more-than-five-year low in March, even as Indians wrestle with high living costs, with food prices moderating from eye-watering levels last year. "Overall food basket inflation worry is not there. Consumption will happen because prices are affordable now," CEO Angshu Mallick told Reuters on Tuesday. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Breaks His Silence: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo He added that sales volumes in AWL's edible oil business, its biggest, are expected to increase by 7%-10% this fiscal year, which started on April 1. This, coupled with the food business, is expected to push the group's growth over the 10% mark. The 'Fortune' oil maker also plans to increase the number of stores it serves directly by 12%-15% to almost 1 million outlets from 860,000 currently. Live Events The upbeat forecast comes weeks after the company changed its name from Adani Wilmar following Adani Group 's exit from a joint venture by selling its stake to Singapore's Wilmar International. In February, Mallick told Reuters AWL would return to sales volume growth of about 10% this fiscal, led by tax relief measures and growth on delivery apps. India's 10-minute delivery platforms, including Swiggy 's Instamart, Eternal's Blinkit and Zepto, have helped consumer goods makers grow in Indian cities. The quick-delivery sector accounted for over two-thirds of all e-grocery orders last year, with its market share growing about five times to $6 billion-$7 billion from 2022. Separately, Mallick also said India should widen the import tariff differential between crude and refined oil, particularly palm oil, to support domestic refining capacity. "If somebody imports refined oil directly, processors have to live with the lower production, higher cost, and then, obviously, the business is not so viable," he added. On Monday, AWL's quarterly consolidated net profit jumped nearly 22% to 1.9 billion rupees ($22.4 million).
