A rural growth slowdown is not the main problem facing FMCG stocks

Rural growth is slowing, but listed companies seem unfazed by it. It may be a non-issue for them, but there is a bigger problem lying in wait

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TVS Motor sales fall 15% in November

The company had sold 3,22,709 units in the same month last year, TVS Motor said in a regulatory filing.

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Sumitomo Mitsui completes purchase of 74.9% stake in Fullerton India

However, the company did not disclose the financial details of the transaction. Post completion of the purchase, Fullerton India has become a consolidated subsidiary of Sumitomo Mitsui Financial Group Inc (SMFG), it said.

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CRED to acquire Happay in cash and stock deal valuing the platform up to $180 million

Happy currently has more than 6,000 clients including Dominos, PriceWaterhouse Coopers and Oyo and processes transactions worth over $3 billion annually

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Escorts reports 30% dip in November tractor sales at 7,116 units

The company had sold 10,165 units in the same month last year, Escorts said in a regulatory filing.

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Escorts reports 30% dip in November tractor sales at 7,116 units

The company had sold 10,165 units in the same month last year, Escorts said in a regulatory filing.

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Power consumption rises 3.6$ to 100.42 BU in November

The country’s power consumption had grown by 3.9 per cent in October this year to 113.40 BU compared to 109.17 BU in the same month last year.

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Power consumption rises 3.6$ to 100.42 BU in November

The country’s power consumption had grown by 3.9 per cent in October this year to 113.40 BU compared to 109.17 BU in the same month last year.

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Toyota Kirloskar posts 53% increase in November wholesales at 13,003 units

The company had sold 8,508 units in the domestic market in November 2020.

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Paytm expects revenue, monetisation methods to expand in next few quarters: CEO

Paytm Chairman and CEO Vijay Shekhar Sharma during an earnings call with analysts in the US said the company is seeing scale in system deployment and non-UPI revenue, where merchant gives revenue charges, MDR (merchants discount rate) for payments and credit led financial service, and provides the company with the next level of monetisation.

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MG Motor India sales decline 40% to 2,482 units in November

The company had clocked retail sales of 4,163 units in the same month last year.

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