Adani Wilmar beats HUL to become the largest FMCG company in India & more

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LATEST   Adani Wilmar beats HUL to become the largest FMCG company in India   At Rs 54,214 crore AWL's sales pipped HUL's Rs 51,468 crore in FY22, snatching the top spot in the sector.

LATEST   HDFC Q4 results: Net profit rises 16% to Rs 3,700 cr, final dividend declared   HDFC's net interest income (NII) increased 14 per cent to Rs 4,601 crore compared to Rs 4,027 crore in the previous year.

MARKETS   Sensex, Nifty end lower for second straight session; consumer durables, IT shares sink   Sensex fell 84.88 points to end at 56,975.99. During the session, it tanked 648.25 points or 1.13 per cent to 56,412.62. Nifty declined 33.45 points or 0.20 per cent to end at 17,069.10.

MARKETS   Here's what brokerages have to say about Wipro post Q4 results   The IT services giant reported 3.8 per cent year-on-year rise in consolidated net profit at Rs 3,087 crore for the quarter ended March 2022.

LATEST   CBI registers fresh case against Mehul Choksi for defrauding IFCI of Rs 22.06 cr   Choksi is already on the run for involvement in a previous case where he was accused of defrauding the Punjab National Bank (PNB) of Rs 13,000 crore along with Nirav Modi.

LATEST   Analytics, AI and stricter norms behind record GST collections: Experts   The trend is only expected to amplify further in the months ahead, experts say.

Unicorns   Zilingo says investigations on, no one has been found guilty yet   Zilingo says the ongoing investigations into the alleged financial irregularities and issues of corporate misgovernance have not found anyone guilty yet.

Crypto   Crypto exchanges need to store KYC and transaction records for 5 years: IT Ministry   The Ministry of IT has recently released this regulatory announcement for all virtual asset service providers.

Magazine   How private labels are outselling established brands   Private label 'brands' are outshining and outselling well-established brands, creating a new competitive dimension across markets.

News Reel   BT CEO Immersives with Surojit Shome   On BT CEO Immersives we bring you in depth and immersive conversations with India’s leading business stall worth’s, to understand what makes them tick and fetch unique industry insights across sectors. On this exciting episode we take a look at the position of foreign banks in India and what their future may hold during a time where there’s a widespread downscale in this space. BT's Editor Sourav Majumdar and Managing Editor Anand Adhikari chat with Surojit Shome, MD & CEO, DBS Bank India, to explore the future of foreign banks in India.

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