Pakistan’s economy is in deep crisis these days, and it is directly impacting foreign investment. Recently, MFCG sector legendary company Proctor & Gamble (P&G) has announced to cover its business from Pakistan. The company clarified that the economic and political atmosphere there is no longer suitable for business. Business activities are being severely affected due to the reasons such as foreign exchange crisis, high tax, political instability and rising inflation. Before P&G, big companies like Microsoft, Yamaha, Telenor, Shell, Total Energies, and PFIZER have also closed their manufacturing and operations in Pakistan. Going out of these companies has affected investment, employment, technical transfer and business confident in the country. This shock is no less than a warning for a GDP Pakistani economy with a GDP of about 36 lakh crores. If the situation does not improve, then more companies can leave the country in the coming days.

GST Rate Cut: Consumption companies (FMCG) have made it clear to tax authorities that they will not cut the price on popular low -cost products. These include products like biscuits of 5 rupees, 10 rupees soap and toothpaste of 20 rupees. While the tax rate has been cut on them, after which their prices should have been low.

FMCG companies not ready to reduce prices

Companies argue that consumers are accustomed to buy these goods at fixed price. If their prices are reduced to Rs 9 or Rs 18, then there will be confusion among consumers and inconvenience in transactions.

Instead, companies have suggested to the Central Board of Indirect Taxes and Customs (CBIC) that they will keep the price as the price, but will increase the quantity in the packet. That is, if a customer will buy a biscuit of 20 rupees, then he will get more quantity than before.

According to the report, executives of many big FMCG companies said that by giving more quantity at the same price, the benefit of GST reduced to consumers will reach without any problem.

Companies ready to give advantage forward?

Rishabh Jain, CFO of Bikaji Foods, confirmed that the company would increase the weight of small packets so that the consumer can get more value. At the same time, Dabur CEO Mohit Malhotra said that his company will also definitely give the benefit of GST deduction to consumers. He further said that the demand for every product is likely to increase with low tax.

However, the Finance Ministry officials say that they are keeping a close watch on the whole matter. The report further states that the release of guidelines is also being considered by the Ministry so that it can be true to the people and not that such companies keep profits in their pockets.

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Stock market today: Today there has been a big decline in the stock market. On Friday, the last business day of the week, it fell by about one percent due to selling in all the sectors. The 30-point Sensex fell 700 points on BSE to 82,509.59, while NSE-50 on NSE at around 12.30 pm also slipped 200 points to 25,162.25.

However, on the one hand, the stocks of FMCG saw a boom and most Hindustan Unilevar Ltd. That is, HUL shares jumped 5 percent, while on the other hand there was a tremendous decline in the IT sector. The market came down today due to a decline in major stocks like Reliance Industries.

In which decline in which?

TCS (Tata Consultancy Services) The results of the quarter were less than expected. Due to this, its stock declined by about 2.75 percent. Whereas in the afternoon session, the IT index on Nifty also came down 1 percent.

Those whose shares have risen after noon are the top five gainers- Hindustan Unilivor 4.77 percent, Axis Bank 0.48 percent and Sun Pharmaceuticals 0.51 percent. Whereas, in addition to TCS, the shares which were declining today, Mahindra & Mahindra 2.43 percent, Bajaj Finserv 1.72 percent Reliance is 1.68 percent and Bajaj Finserv is 1.72 percent.

Why did the market fall?

There was a lot of selling in the market from IT to auto stocks today. Only the FMC sector saw a boom. According to the market experts, due to global uncertainties, the lots of large cap IT firm were seen struggling. After the weakness of IT Stocks and the TCS quarterly results, the Nifty IT index dropped by 1.85 percent disappointing investors.

Apart from this, the Nifty Mid Cap 100 also slipped 0.86 percent, while the Nifty Small Cap also fell down 1.00 percent. However, India Vix’s stocks saw a rise of 1.90 percent.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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Patanjali Ayurved, known for Ayurvedic and herbal products, has reported that the company is not limited to FMCG (fast-moving consumer goods) today. The company has enacted a legacy by stepping into areas like education, health, financial services and organic farming, which is touching every aspect of Indian life. Patanjali said that Patanjali has won the trust of millions with the vision of indigenous and self -sufficient India.

Patanjali said, “The company started with cheap and chemical-free products like ghee, honey, soap and shampoo. These products associated consumers with the power of Ayurveda and promoted Indian culture. But the company did not stop here. Patanjali entered financial services, such as by purchasing a stake in Magma General Insurance. Also, set up schools and universities in the field of education, providing a mixture of Indian values ​​and modern knowledge. ”

Company’s contribution to healthcare is notable- Patanjali

Patanjali claims, “The company’s contribution to healthcare is notable.” Its 34 wellness centers promote Yoga, Ayurveda and Naturopathy. These centers also provide health services to rural areas, where the reach of modern medicine is limited. In addition, Patanjali is promoting organic farming. Through Patanjali Bio Research Institute (PBRI), farmers are given organic farming training and resources, which increased their income and improved soil fertility.

Patanjali’s goal to become India’s top FMCG company

Patanjali said, “A major reason for the success of the company is its strong distribution network and environment awareness. The company aims to become India’s top FMCG company in the next five years, which will compete with veterans like Hindustan Unilever. Patanjali not only innovated in business, but also played social responsibility. It is realizing the dream of self -reliant India by empowering small industries and farmers.

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Patanjali business news: Patanjali Ayurved says that it has created a distinct identity in the Indian market on the basis of its unique strategies. The company claims that Patanjali is under discussion due to its indigenous and Ayurvedic approach in the fast growing competitive business world. Patanjali’s expansion strategy is a mixture of traditional and modern trading methods, which separates it from other companies.

The company said, “Patanjali initially stepped into the FMCG (Fast-Moving Consumer Goods) area, where it won the trust of consumers with Ayurvedic and natural products such as ghee, honey, soap and shampoo. The basis of its strategy is to provide chemical-free products at affordable prices, which promotes awareness of Indian culture and health. The company further expanded its access to digital marketing and e-commerce platforms like Amazon and Flipkart.

What is Patanjali’s next goal?

Patanjali claims, “The specialty of the company is that it was not limited to FMCG only.” The company, stepping into financial services, bought a stake in Magma General Insurance and entered the insurance sector. Apart from this, it is also fulfilling social responsibility by investing in areas like education, healthcare and organic farming. Patanjali aims to do a business of Rs 50,000 crore in the next five years, including food products, premium biscuits, and palm oil production. ”

Patanjali says, “The company has also registered its presence in global markets. Its products are being exported to more than 30 countries like America, Europe and Asia, which has increased the demand for indigenous brand. Patanjali’s green marketing strategies and commitment to stability makes it sensitive to the environment. It not only increases business, but also promotes Ayurveda and natural lifestyle. ”

Patanjali has more than 47000 retail stores across the country

The company has stated that another important aspect of Patanjali’s strategy is its strong distribution network. It holds a strong hold in both rural and urban areas with over 47,000 retail stores and 3,500 distributors across the country.

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Wow! Momo: Quick Service Restaurant (QSR) brand Wow! MOMO is now going to include instant cup noodles in its portfolio in an attempt to establish its foot in the country’s rapidly emerging FMCG sector. The company aims to make a distinct identity in the noodles industry worth Rs 14,000 crore with many indigenous-ASian flavors like Kho Saye, Thukpa and Chinese BHEL.

2 crore revenue expected from cup noodles every month

According to CNBCTV18 report, Wow! MOMO CEO and founder Sagar Daryani said, this is a very important step that will help the company to pursue its food verticals. It is expected that due to the launch of this new product, there may be a tremendous bounce in the company’s revenue.

Its FMCG business revenue has already seen an increase of 100 percent year after year. Wow! MOMO hopes that the inclusion of cup noodles in its product portfolio will generate a revenue of Rs 2 crore every month. The company aims to generate a revenue of Rs 8 crore every month in this segment within the next two years, which will make it an ARR business of Rs 100 crore.

10 lakh momos will be built every day in Maharashtra plant

Strategic partnership with airlines has further enhanced the reach of brand and product. The CEO of the company further said, “Wow! Noodles are currently available in Akasa Air and Air India Express and will soon be made available in SpiceJet flights. ”Wow to support its fast growing FMCG business! MOMO is investing in its infrastructure. Taloja of Maharashtra is working on a new production unit. 10 lakh momos will be made every day in this plant.

Company can also launch gluten-free momos

Keeping in mind the innovation in its product and keeping in mind the health of the consumer, the company’s plan is to launch gluten-free momos soon. The company is trying hard to increase its scope in the international market as well. Under this, the company has taken entry in the Middle East through partnership with Lulu Group and now wow in many big cities like Dubai, Abu Dhabi, Sharjah, Qatar and Oman! Momo’s chains are. The company’s next target is Singapore and Australia’s market.

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