{ }
001122334455554433221100
001122334455554433221100

global instant food market poised for significant growth by 2032

The Global Instant Food Market is projected to grow from $200 billion in 2024 to $340 billion by 2032, with a CAGR of 5.9%. This growth is driven by busy lifestyles, rising incomes, and urbanization, alongside trends for organic options and sustainable packaging. Key players include Nestlé, Unilever, and Kellogg's, with North America leading the market and Asia-Pacific as the fastest-growing region.

Indian markets decline as Sensex drops 721 points on January 3

Indian benchmark indices ended lower on January 3, breaking a two-day winning streak. The Sensex fell by 720.60 points, or 0.90%, closing at 79,223.11, while the Nifty dropped 183.90 points, or 0.76%, to settle at 24,004.75, with IT, pharma, and banking sectors contributing to the decline.

ITC Aims to Support 4000 FPOs Through Agri-Tech App by 2030

ITC Ltd plans to support 4,000 Farmer Producer Organisations (FPOs) by 2030 through its agri-tech app, ITCMAARS, aiming to enhance efficiency and market access for approximately 10 million farmers. Currently, 1,700 FPOs are registered on the app, which has 1.5 million farmer registrations across 10 states. The initiative will provide e-market services, credit access, and advisory solutions across various agricultural value chains.

ITC Hotels poised for growth as demerger approaches and shares rise

Jefferies anticipates significant growth for ITC Hotels, with a demerger expected to finalize in the January-March quarter. Currently, ITC Hotels represents about four percent of ITC's sum-of-the-parts valuation, and post-demerger, it is projected to maintain a robust balance sheet with net cash of Rs 1,000-1,500 crore. ITC shares saw a slight increase, trading at Rs 480.05, reflecting a 0.65 percent rise.

quarterly earnings reports reveal mixed results across various sectors

The Q2 earnings season for FY25 is underway, with major companies like Apollo Hospitals, Kansai Nerolac Paints, and Trident set to release their results. While many firms have reported, the overall corporate earnings scorecard has been weak, with only 62% meeting or exceeding profit expectations, particularly in the consumption sector. Notably, GAIL's earnings missed expectations due to lower gas trading margins, while Power Grid's profit remained flat year-on-year.

Milan Vaishnav bullish on Lupin and ITC for November series

Milan Vaishnav, founder of Gemstone Equity Research & Advisory Services, is bullish on Lupin and ITC for the November series. He anticipates Lupin will rise to Rs 2,300-2,350, while ITC is expected to test Rs 505-510 in the coming weeks, reflecting a mixed approach from defensive and FMCG sectors.

Anand Rathi recommends buy rating for ITC with target price of 560

Anand Rathi has issued a bullish recommendation for ITC, setting a target price of ₹560. The company's Q2FY25 results showed a 15.6% YoY revenue growth to ₹222,819 million, driven by strong performances in hotels, value-added agri products, and leaf tobacco, despite a slight decline in EBITDA margins. The demerger of the hotel business is expected to enhance profitability and return ratios moving forward.

Indian stock market valuations face scrutiny amid mixed economic signals

Indian stock market valuations are under scrutiny as benchmarks Nifty and Sensex face challenges despite record highs. Analysts express concerns over high valuations, with Nifty's P/E ratio at 24x, exceeding historical averages, while earnings growth has not kept pace. A broad slowdown is evident across sectors, particularly in consumer and IT firms, while the metal sector remains undervalued amid global pressures.

Q2 2024 earnings season gains momentum with major companies reporting results

Major companies including Coal India, JSW Steel, DLF, and Interglobe Aviation are set to release their Q2 earnings reports today, joining a wave of firms that have already reported results. Notable performances include Reliance Industries with a profit decline of 4.8%, while HCL Technologies and TCS reported profit increases of 10.5% and 5.0%, respectively. ICRA's profit rose by 15.6% to Rs 36.72 crore, and Oracle Financial Services Software saw a significant profit increase of 38.4% to Rs 577.70 crore.

markets decline amid foreign selling and disappointing earnings reports

The Sensex and Nifty fell by 1% amid persistent FII outflows and disappointing earnings, marking the fifth consecutive session of declines. The broader market suffered significantly, with the BSE Midcap and Smallcap indices down 2% and nearly 3%, respectively, while India VIX rose over 7%. IndusInd Bank's shares plummeted nearly 20% following poor quarterly results, contrasting with Godrej Consumer Products, which saw a 2% rise after positive brokerage calls.
Trending
Subcategory
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.