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FMCG companies see recovery in consumption growth

Most of the quarter was marked by average 8-10% raw material cost hike NEW DELHI: The consumer goods sector is seeing signs of a firmer consumption recovery, with volume growth becoming more visible across companies, even as cost pressures remain. This comes as the West Asia conflict has pushed up crude-linked inputs, packaging and freight...
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Wholesale inflation eases to 9.8% in July

This is the third consecutive month when wholesale inflation has remained over 9% NEW DELHI: Driven by softer energy prices, wholesale price index (WPI) based factory gate inflation moderated to 9.8% in July from a 27-month high of 9.9% in June, official data showed. In comparison, WPI stood at -0.8% in July last year.This is...
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Jeff Bezos group buys stake in Liverpool FC

A group that includes Jeff Bezos has struck a deal with Fenway Sports Group to become minority owners in Liverpool Football Club, FSG said Friday. The deal is the Amazon founder’s first investment in a sports property. The consortium will buy roughly one-third of the Premier League club, and the minority transaction is valued at...
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Disney CEO Josh D’Amaro tous parks ‘surprise’ in last quarter, ‘clarity’ and ‘stability’

Josh D’Amaro, chairman of Disney Experiences, speaks during the grand opening ceremony of Shanghai Disney Resort’s Zootopia-themed land on December 19, 2023 in Shanghai, China. Vcg | Visual China Group | Getty Images Disney CEO Josh D’Amaro told CNBC’s Julia Boorstin on Friday that the company’s parks division was a “big surprise” last quarter and...
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China train sets third record in six months

The 1,110-kg test vehicle, developed at Donghu Laboratory, achieved the milestone in its latest trial China has pushed maglev technology into a speed range far beyond conventional high-speed rail, with an experimental train car reaching 800 kmph in only 5.3 seconds on a 1-km test track in Hubei.The 1,110-kg test vehicle, developed at Donghu Laboratory,...
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