Nykaa

“People are buying luxury cars but not chappals and underwear.” The joke was everywhere on Twitter recently. But, jokes apart, it shows the grim reality of India’s "K-shaped" recovery. A K-shaped recovery occurs when different parts of the economy recover at different rates, times, or magnitudes. Though SBI’s economists dismissed the 'K-shaped recovery' critique in a report in January, the Q3 earnings trend flies in the face of that view. Here’s how India’s consumption story is panning out: FMCG staples This segment is a true indicator of a country’s economic health. In India, revenue for the FMCG pack has been on an upward trajectory due to the price hikes to mitigate raw material inflation. But this has come at the cost of volumes. Rural India constitutes about 36 percent of the sales pie for a typical consumer company and this segment has been reeling under inflationary pressure. So much so, that Nestle India reported a loss in volumes for its Maggi Chotu pack, … [Read more...] about The ‘K’ that scares the Great Indian Consumption Story along the course of recovery

Representatational image. Two months after laying off 380 employees in a bid to rationalise costs in a tough venture funding market, food delivery major Swiggy has now sold off its cloud kitchens business in a share swap deal with [email protected] In an email to employees in January, Swiggy co-founder and CEO Sriharsha Majety said that the company was taking a harder look at some of its business verticals and shut down its meat marketplace. “The growth rate for food delivery has slowed down versus our projections (along with many peer companies globally ). This meant that we needed to revisit our overall indirect costs to hit our profitability goals..,” he wrote in the e-mail. Swiggy Access, the company’s cloud kitchens business, was started in November 2017 to aid restaurant brands to set up delivery-only kitchens in areas where certain food categories weren’t present. “For example, if Swiggy saw a gap in the supply of biryani in one area of Bengaluru, it would invite a … [Read more...] about Swiggy sells its cloud kitchen business amid broader cost cutting measures

Public sector banks (PSBs) have topped out but there is still some steam for defence-related stocks, said Amit Jeswani, founder and chief investment officer at Stallion Asset, a SEBI-registered portfolio management services provider, in an interview with Moneycontrol . He also referenced the "underwear index", which is a tongue-in-cheek indicator sometimes used to gauge the state of the economy. In the interview, Jeswani discussed the current market situation and trends, mentioning that he believes the Nifty will remain range-bound and that the market's breadth has become weak and will continue to weaken in the second half of 2023. He suggested investors focus on companies that are market leaders, gaining market share and scaling up to become dominant in their respective sectors. Jeswani noted that this quarter has been terrible for many companies, with eight out of ten companies delivering very bad numbers across every sector. Additionally, Jeswani spoke about the sectors … [Read more...] about See some steam for defence-related stocks, PSBs have topped out: Amit Jeswani

Mark Mobius said he has stayed away from investing in Adani group's stocks because of the high debt. In general, he advises investors to stay away from infrastructure companies. Market expert Mark Mobius of Mobius Capital Partners has a bullish outlook on India even as foreign institutional investors continue to shift allocations from expensive Indian equities to cheaper North-Asian markets like China, South Korea, and Taiwan. For Mobius, the outflows from India to other cheaper markets is a very short-term phenomenon. He feels the Indian equity market is going to outperform in the long term. "Growth rate in India is superior to most countries around the world and it can also be sustained in the long run on the back of the positive impact from the shift from China to India in terms of software and production, supported by the massive technology change," Mobius said in an interview to Moneycontrol. Mobius also believes that the chances of making more money in India as … [Read more...] about Mark Mobius is bullish on India, here are his top sectoral picks

Garmin has unveiled a new smartwatch in India. The Garmin Instinct Crossover is a fully analog rugged GPS multisport smartwatch. It is worth noting that the only differences between the Garmin Instinct Crossover and Instinct Crossover Solar is the difference in battery life as the latter supports solar charging. Garmin Instinct Crossover, Instinct Crossover Solar Price in India The Garmin Instinct Crossover price in India is set at Rs 55,990. The Garmin Instinct Crossover Solar price in India is set at Rs 61,990. The Garmin Instinct Crossover and Crossover Solar will be available in India from January 20 through Amazon, Tata CLiQ, Tata Luxury, Synergizer, Flipkart, Nykaa.com, and several offline retailers – Garmin Brand Store, Helios Watch Store, Just in Time, and Sports stores. Garmin Instinct Crossover Features The Instinct Crossover delivers Garmin’s full suite of wellness features including Sleep Score and Advanced Sleep Monitoring, and Health Monitoring … [Read more...] about Garmin Instinct Crossover, Instinct Crossover Solar multisport smartwatch launched in India with up to 70 days of battery life

Falguni Nayar (L) and Leena Nair (R) International Women’s Day (IWD) is celebrated every year to recognise the achievements of women in different fields, as well as to shine a spotlight on gender inequality that puts women at a disadvantage. On International Women’s Day 2023, here is a look at the trailblazers who have made a mark in the world of business. These are Indian women who are leading some of India’s – and the world’s – biggest companies today. On Women’s Day 2023, here are 5 Indian women CEOs every girl can look up to: Leena Nair Leena Nair is the global CEO of Chanel Leena Nair is the global CEO of French luxury group Chanel. An alumnus of XLRI Jamshedpur, Nair had joined HUL, Unilever's Indian subsidiary, in 1992. She worked at the company for 30 years, rising through the ranks to become its first female and youngest-ever Chief Human Resources Officer. Leena Nair quit Unilever in 2021 to join the fashion powerhouse Chanel. Kiran … [Read more...] about International Women’s Day: 5 Indian women CEOs every girl can look up to

Don’t underestimate your capabilities and overestimate those of your male family members. (Photo by Oleksandr Pidvalnyi/Pexels) "I just don't have a head for numbers" "My fiancé knows investing really well, I don't. He even trades on the Nasdaq!" "I am so busy with shooting all day. My father takes care of my finances" "Between work and the kids, I hardly have any time. My husband is happy to do this... so let him" How often have you heard or made these excuses for not managing personal finance and investments? I see even Bollywood celebrities and high-ranking professional women looking blank when asked about the management of their hard-earned money. Also read: Finally, what is success worth if you don't have your family by your side: Nykaa's Falguni Nayar But remember there is no real independence or security in life without being in charge of your own finances. So how do you go from here to there? 1.The knowledge problem True, the education system … [Read more...] about Ladies, take charge of your finances! Six golden rules to get you started