Addressing a public meeting in Hyderabad on Sunday, Modi stressed the need to reduce dependence on imported commodities and said cutting edible oil consumption could support both household health and the national economyShares of edible oil and agri-processing companies traded in the red on Monday after Prime Minister Narendra Modi called on households to reduce edible oil consumption, lower depen...

Indian equity benchmarks witnessed a moderate correction on December 10, with frontline indices closing about half a percent lower. The Sensex slipped as profit-booking emerged in select heavyweights after the recent rally, while the Nifty 50 also ended in the red.Equity benchmarks fell half a percent on December 10, but the market breadth turned positive. About 1,832 shares advanced compared to 1...

Patanjali, the FMCG brand started by Baba Ramdev, will announce its initial public offering (IPO) plans for five group companies on Friday at a press conference. The IPO plan includes Patanjali Ayurved, Patanjali Wellness and Patanjali Medicine and Patanjali Lifestyle, according to some news reports. The company said the move is to scale new heights of corporate performance.In 2016, according to C...

Yoga guru and businessman Baba Ramdev-helmed Patanjali Ayurved has signed an agreement to sell its food retail business to Ruchi Soya Industries, a firm it acquired through an insolvency process, for Rs 690 crore.The deal – comprising 21 major products such as ghee, honey, spices, juices and atta – is to accelerate Ruchi Soya’s transition into a “leading” fast most consumer goods (FMCG)...

Colgate-Palmolive (India)’s new chief executive officer and managing director, Prabha Narasimhan, has her work cut out. On top her to-do list would be clawing back market share from Dabur India and Patanjali Ayurved.While the market has been taken aback by the lateral move to appoint Narasimhan, this is the second time Colgate has poached a top official from a rival FMCG major after Mukul Deo...