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GIFT Nifty is nearing 23,900, with key focus on share prices of Bharti Airtel, Nestle, Mazagon Dock, and IndiGo. Gravita India Ltd. has successfully completed its qualified institutional placement, allocating 47.8 lakh shares at an issue price of Rs 2,096.2, reflecting a 5% discount to the floor price of Rs 2,206.49.
Inspectors from the domestic Competition Committee raided the Athens offices of Nestle Hellas, investigating potential cartel activities and abuse of market dominance. A representative confirmed the raid, which follows a history of scrutiny, including a €30 million fine in 2009 for anti-competitive practices related to coffee. The committee clarified that the inspections do not imply guilt or predict the investigation's outcome.
Nestle's sluggish business performance has led to its shares appearing undervalued. The author holds a long position in NSRGY and expresses personal opinions without receiving compensation from any related companies. Past performance does not guarantee future results, and no investment advice is provided.
Nestlé offers a diverse range of products, including baby foods, bottled water, cereals, and confectionery under various brands. Recently, the company received a "strong-buy" upgrade from Goldman Sachs, while other analysts maintain a "hold" rating, reflecting mixed sentiments in the market. Despite fluctuations in stock performance, institutional investors continue to adjust their positions in Nestlé.
The Global Fermented Beverages market, valued at 860 billion USD in 2024, is projected to reach 1.3 trillion USD by 2032, growing at a CAGR of 6.4%. The market analysis covers major regions including North America, Europe, and Asia-Pacific, with customization options available for specific countries and applications. Key players include Apple, Microsoft, and Nestlé, with insights into market dynamics, competitive landscape, and growth drivers such as lifestyle changes and technological advancements in fermentation.
The global Seasoning Market is poised for significant growth from 2024 to 2031, driven by key players like McCormick & Company and Nestle. The market analysis includes trends, dynamics, and opportunities, with a focus on regional contributions and competitive strategies among major manufacturers. Comprehensive insights into market segmentation and the impact of various factors on demand are also provided, aiding stakeholders in making informed business decisions.
Nestlé India has assured stakeholders that Switzerland's suspension of the Most Favoured Nation (MFN) status will not impact its operations, as the company already deducts a 10% withholding tax on cross-border payments. The issue is a government-to-government matter, stemming from a Supreme Court ruling related to the MFN clause in the Double Taxation Avoidance Agreement. Nestlé India continues to invest significantly in the Indian market, reporting a revenue of Rs 24,393.9 crore for the financial year 2023-24.
GreenRoc Strategic Minerals has signed a Memorandum of Understanding with Morrow Batteries ASA to enhance its role in the European battery materials supply chain. The partnership aims to produce sustainable, high-quality graphite active anode material from GreenRoc's flagship mine at Amitsoq in Greenland, aligning with ESG practices and the growing demand for locally-sourced battery materials in Europe. The establishment of a Norwegian subsidiary further supports the development of a robust supply chain for the region's clean energy initiatives.
Nestle has launched protein shots in the U.S. aimed at weight-loss drug users, designed to suppress appetite by mimicking the GLP-1 hormone. The Boost Pre-Meal Hunger Support drink, containing whey protein and low calories, is intended to be consumed before meals and is priced at $10.99 for a pack of four. While it may enhance GLP-1 release, experts question its long-term effectiveness compared to traditional weight-loss medications.
Nestlé has launched Boost Pre-meal protein shots in the US, aimed at supporting users of GLP-1 weight-loss medications by managing hunger and satisfaction before meals. These limited edition shots are available on Amazon and in CVS stores. Additionally, Nestlé introduced the Vital Pursuit range, featuring high-protein, fiber-rich meals designed for those on GLP-1 drugs, while Conagra Brands plans to label some Healthy Choice products as "GLP-1 friendly" to cater to the growing market.
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