Latest news with #Nestle
News18
2 hours ago
- Business
- News18
Stocks To Watch: Ola Electric, Nestle, HDFC Bank, Wipro, Tata Tech, And Others
Last Updated: Stocks to watch: Shares of firms like Ola Electric, Nestle, HDFC Bank, Wipro, Tata Tech, and others will be in focus on Wednesday's trade Stocks To Watch On June 4: Markets ended lower in a volatile trading session on Tuesday, slipping over half a percent amid weak global cues. In today's trade, shares of Tata Technologies, Ola Electric, Nestle, HDFC Bank, Wipro and more will be in focus due to various news developments. Nestle The number of permanent employees at Nestle India fell 3.8% in FY25, even as the Maggi and KitKat maker ramped up its capital expenditure and is investing in new capabilities and capacities. Tata Technologies According to media reports, US-based private equity firm TPG is planning to sell a 2.1% stake in Tata Technologies via a block deal. The estimated transaction size is around Rs 634 crore, with a likely floor price of Rs 744.5 per share. Zinka Logistics On Tuesday, a block deal took place involving Bengaluru-based logistics technology firm Zinka Logistics Solutions, widely known as BlackBuck. A consortium of prominent institutional investors acquired stakes in the company, while existing backer Peak XV Partners pared down its holdings. HDFC Bank The Securities and Exchange Board of India (Sebi) has recently approved IPOs of six companies, including HDB Financial Services, a subsidiary of HDFC Bank. Yes Bank said on Tuesday that its board has approved plans to raise up to Rs 7,500 crore via equity and Rs 8,500 crore through debt instruments in FY26. Ola Electric Hyundai Motor and Kia Corporation have completely exited Ola Electric Mobility through block deals. According to NSE bulk deal data, Hyundai sold 10.8 crore shares at Rs 50.70 each, amounting to Rs 552 crore, while Kia offloaded 2.7 crore shares at Rs 50.55 per share, totaling Rs 138 crore. Aditya Birla Fashion Flipkart, owned by Walmart, is reportedly planning to sell its entire 6% stake in Aditya Birla Fashion & Retail (ABFRL) via a block deal estimated to be worth around Rs 600 crore. Sun Pharmaceutical The company announced that its experimental drug, SCD-044, failed to meet the primary treatment objectives in two mid-stage clinical trials focused on psoriasis and atopic dermatitis (commonly known as eczema). Zydus Lifesciences The pharmaceutical company said its fully owned subsidiary, Zynext Ventures USA LLC, has entered into a Securities Purchase Agreement with Agenus Inc., USA, to acquire 2,133,333 common shares for a total of $16 million. Hyundai Motor Hyundai Motor unveiled major upgrades to its premium SUV, the Hyundai Alcazar, on Tuesday, including a panoramic sunroof and a DTC (Dual Tone Color) option. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published: June 04, 2025, 07:44 IST
The Star
2 hours ago
- Business
- The Star
Investors seek relief on Bursa Malaysia after six losing sessions
KUALA LUMPUR: There was a welcome bounce on Bursa Malaysia as trading commenced on Wednesday, giving investors some respite amid the persistent market weakness. At the opening bell, the FBM KLCI rose 3.85 points to 1,507.1, alleviating the risk of the index falling through the 1,500 psychological support. Having endured six straight sessions of losses, the market's benchmark index is ripe for bargain-hunting. However, the market undertone remains weak with net selling by foreign funds sapping momentum from the market. According to TA Securities Research, investors are wary of committing to the Malaysian stock market as it is beset by a weaker earnings outlook and uncertainties over global tariffs. The research firm noted weaker first-quarter earnings from local corporate and weaker China manufacturing numbers as the culprits behind the dampened investor sentiment, which took the market briefly below 1,500 points in the previous session. "Immediate index support stays at 1,490, while stronger supports can be found at 1,465 and 1,444. Immediate resistance is kept at 1,564 with next upside hurdles seen at the recent high of 1,586, followed by 1,610 ahead," it said in its technical outlook. Blue chips leading the rebound on Wednesday included Nestle up 30 sen to RM78.90, Kuala Lumpur Kepong adding 10 sen to RM19.74 and Hong Leong Financial Group gaining eight sen to RM16.38. Active stocks were KNM down 0.5 sen to three sen, Avangaad unchanged at 28 sen and Sunview flat at 38 sen.
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Business Standard
8 hours ago
- Business
- Business Standard
India's petcare industry booms with startups, investors, and new mindsets
With landmark deals, like Nestle's investment in Drools, and expanding interest from diverse sectors, the industry looks poised for its next big leap Sarthak Choudhury Delhi Listen to This Article About a week ago, Bengaluru-based pet food brand Drools made headlines by becoming a unicorn — a startup valued at over $1 billion — following an investment from Nestlé SA. It was the Swiss food and beverage giant's first investment in India, and at 10 per cent, also one of the largest investments the country's petcare industry has seen. For those within the sector, this was hardly surprising. 'India's pet economy is undergoing a fundamental shift — from an unstructured sector to a high-growth industry,' says Salil Murthy, managing director of Mars Petcare India, the company behind popular
Bloomberg
11 hours ago
- Business
- Bloomberg
Haagen-Dazs Maker Froneri to Raise €4 Billion Debt as PAI Seeks to Keep Stake
Ice cream maker Froneri Ltd. is seeking around €4 billion ($4.6 billion) in debt to support a fund that would let co-owner PAI Partners hold onto its stake in the Nestle SA -backed joint venture and facilitate a dividend payment, according to people familiar with the matter. Banks are lining up financing for the UK-based maker of Haagen-Dazs after a request for proposals was sent out a few weeks ago, the people said, who asked not to be identified because the matter is private. The additional commitments would lift Froneri's total debt to about €9 billion, according to Bloomberg calculations.
Time of India
15 hours ago
- Business
- Time of India
Maggi crisis among career's greatest challenge: Nestle India MD Suresh Narayanan
Nestle India's chairman Suresh Narayanan highlighted India's market dynamics as a mix of inflationary pressures and opportunities in his farewell letter. Despite a profit dip due to commodity costs, domestic sales reached a record high. The company invested significantly in capacity building and expanded its retail presence, with brands like Maggi and Nescafe driving growth over the past decade. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Packaged foods maker Nestle India 's chairman and managing director Suresh Narayanan called out India as a market with a mix of 'inflationary pressures and unexpected opportunities', in his last letter to the company's shareholders. Narayanan , associated with Nestle for over 26 years, will retire from the India role on July 31 this year, to be succeeded by former Amazon India top boss Manish Tiwary."We live in capricious times, inflationary pressures , muted consumer demand , tightening of the wallet - wrapped up in a decade of challenges and unexpected opportunities,' Narayanan wrote in the company's just released annual report for that 'volatilities will come and go', Narayanan said his first 100 days as Nestle India chairman 'were one of the greatest challenges of his career'. In 2015, Nestle's mainstay brand, Maggi instant noodles, was banned by food regulator FSSAI on allegations of some samples of Maggi containing lead in excess of permissible limits. The brand was cleared by authorities subsequently and was restored back on shelves, but the controversy took a huge toll on Maggi and the entire instant noodles category that year. Narayanan noted that now India is the world's largest market for the Maggi brand, as the company navigated 'the black swans and gray rhinos'.The maker of Maggi noodles and Nescafe coffee reported a 5.2% year-on-year decline in standalone quarterly net profit at Rs 885 crore for the March-April '25 quarter, impacted by commodity costs. The company's domestic sales touched a quarter high at Rs 5,235 crore, up 4.2% from a year ago, with revenue from operations up 4.5% y-o-y to Rs 5,504 crore. The company said it invested around Rs 6,500 crore between 2020 and 2025 to develop new capabilities and said Nestle added 1.3 million more retail outlets last year, with presence in close to 209,050 villages. On brand reach, he said Nescafe brought more than 43 million households into the coffee category, confectionery tripled its business in the last decade and that the prepared dishes and cooking aids business doubled the Maggi franchise in India. Nestle's capex has gone up from 1.8% of sales in 2015 to 10% in the FY 2024-25, he past decade has seen Nestle's revenue grow at a CAGR of 10.3% and profit from operations higher by 13.5%.
