Britannia to take calibrated price hikes to manage profitability, says MD

Leading food company Britannia Industries on Monday said it has judiciously increased prices in the January-March quarter on account of cost inflation and would further take such calibrated price hikes to retain its profitability.   The Wadia group firm has “continued to take price increases judiciously and remained aggressive on the cost front,” said Britannia … Read more

Warren Buffett, Charlie Munger on Speculation, Bitcoin, Inflation: 12 Quotes

Warren Buffett and Charlie Munger spoke during Berkshire Hathaway’s annual meeting on Saturday. The billionaire investors flagged widespread “gambling” on stocks, and slammed bitcoin as worthless. Buffett and Munger also discussed inflation, Robinhood, the pandemic, and the risks of speaking up. Something is loading. Warren Buffett and Charlie Munger called out the feverish speculation in … Read more

Moody’s Outlook On Indian Banks Remains Stable As Recovering Economy Paints A Positive Picture Ahead

Expecting the banking sector’s financial fundamentals to improve ahead, Moody’s in its research note said, declines in loan-loss provisions and increases in net interest margins will boost banks’ profitability. Capitalization, funding, and liquidity will be stable and support loan growth. In Moody’s opinion, banks operating environment will be stable as the economy gradually recovers from … Read more

Bank of England raises interest rates for second straight meeting

The Bank of England raised its key interest rate for a second consecutive meeting, moving further ahead of other major central banks as they grapple with soaring inflation. The rate-setting Monetary Policy Committee agreed to lift the BOE’s policy rate to 0.5%, from 0.25%, saying they expect annual inflation to accelerate above 7% within months … Read more

Why SEBI suspended futures trading in agri products

The story so far: Securities & Exchange Board of India (SEBI) on Monday issued directions to stock exchanges in the commodity derivatives segment for immediately suspending trading in derivative contracts in key farm commodities, namely paddy (non-basmati), wheat, chana, mustard seeds and its derivatives, soya bean and its derivatives, crude palm oil and moong for … Read more

No immediate consumer relief expected in petrol, diesel prices

Indian oil marketing companies are unlikely to provide immediate relief to consumers from high petrol and diesel prices. This, as the companies turned cautious about the recent developments that have pulled down crude oil prices and are waiting a bit longer to lower pump prices of auto fuels. Petrol was sold at Rs 103.97 a … Read more

Industrial output fell 2.6% in September

India’s industrial output fell 2.6% month-on-month in September even as retail inflation inched up marginally to 4.48% in October with a sharper rise in urban price trends, as per data from the National Statistical Office. Compared to September 2020, the Index of Industrial Production (IIP) grew 3.1% in this year September, the pace of growth … Read more

2022 to be a difficult year on higher commodity prices: Nestle India chief

Nestle India chief Suresh Narayanan on Monday said that 2022 will likely be a “difficult year” as commodity prices are expected to rise and result in the spectre of food inflation for the manufacturers. The leading FMCG player, well known for household brand names like Maggi and Milkybar, is anticipating an escalation in the prices … Read more