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Zomato joins Sensex surpassing major brands in significant market milestone
Zomato has become the first new-age company to join the Sensex, replacing JSW Steel, and now holds a 2.77% weightage, ranking 12th among the 30 components. With a market cap of Rs 2.64 trillion, it surpasses major brands like Hindustan Unilever and Nestlé, and its stock has surged 3.6 times since its IPO in July 2021. Analysts anticipate further stock value increases due to upcoming index rebalancing events.
Nestlé completes 20 billion Swiss franc share buyback program successfully
Nestlé has completed its 20 billion Swiss franc share buyback program, having repurchased 187.4 million shares since January 2022 at an average price of 106.74 francs. As of now, nearly 14 million shares have been cancelled at the 2022 AGM, with additional cancellations planned for the 2023 and 2024 AGMs, leaving 43.5 million shares pending decision at the 2025 AGM.
Zomato surpasses HUL and Nestle in Sensex weightage
Zomato has surpassed Hindustan Unilever (HUL) and Nestle in the Sensex, achieving a weightage of 2.77%. This milestone reflects Zomato's growing prominence in the market as it continues to gain traction among investors.
asia pacific probiotic supplements market projected to grow significantly by 2030
The Asia Pacific Probiotic Supplements Market is projected to grow from USD 1,705.3 million in 2023 to USD 5,817.0 million by 2030, achieving a CAGR of 18.7%. This growth is driven by increasing health consciousness, the rise of lifestyle-related health issues, and expanding distribution channels. Key players include Nestle, Danone, and Yakult, with market dynamics influenced by cultural preferences and regulatory challenges across the region.
global snack bars market poised for growth driven by health trends
The Global Snack Bars Market is projected to grow from $25.4 billion in 2024 to $37.8 billion by 2032, with a CAGR of 5.1%. Key drivers include the rising demand for healthy snacks and functional foods, while challenges involve market competition and fluctuating raw material prices. Major players include Nestlé, Mars, and Kellogg's, with North America and Europe leading in market share, while Asia Pacific and Latin America are the fastest-growing regions.
nestle leads gains while united plantations faces significant decline
Nestle (Malaysia) Bhd emerged as the top gainer, adding 80 sen to close at RM97.80, while Malaysian Pacific Industries Bhd followed with a 54 sen increase to RM25.74. In contrast, United Plantations Bhd led the decliners, dropping RM1.60 to RM30.22. Other notable losses included Kuala Lumpur Kepong Bhd, down 20 sen to RM21.30, and Dutch Lady Milk Industries Bhd, which fell 30 sen to RM9.90.
Swiss asset managers optimistic about blue chips and US market in 2025
Independent asset managers in Switzerland are optimistic about 2025, anticipating a strong performance from Swiss blue chips, particularly Nestlé, after a disappointing 2024. While 84% expect robust US market growth, concerns linger over Europe's political climate, with only 42% predicting rising share prices. The focus remains on quality stocks, gold, and diversified portfolios amid geopolitical uncertainties.
nestlé and the evolving landscape of the global cookie and cracker market
Nestlé S.A. is evaluated among the top cookies and crackers stocks as the global market, valued at $100.2 billion in 2023, is projected to grow to $122.45 billion by 2030, driven by North America and rapid expansion in Asia Pacific. Despite economic pressures, snacking remains a resilient category, with consumers maintaining spending habits. Meanwhile, Mondelēz International's potential acquisition of Hershey could reshape the confectionery landscape, competing with Mars' upcoming merger with Kellanova.
credit suisse downfall rooted in character flaws not capital issues
The PUK report on the Credit Suisse debacle fails to address the critical issue of character, attributing the bank's downfall more to a toxic mindset than to insufficient capital. Key figures, including Chairman Urs Rohner, exemplified a culture of greed and recklessness, leading to disastrous consequences. The report highlights systemic failures by regulatory bodies but overlooks the profound impact of leadership on the bank's fate.
Nestle India assures no impact from Swiss withdrawal of MFN status
Nestle India has stated that the recent withdrawal of Switzerland's Most Favored Nation (MFN) status will have no impact on its operations. The company reassured stakeholders that its business remains stable despite the geopolitical changes.
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