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Nestle's third-quarter sales surpassed expectations, driven by price increases in coffee and confectionery. This marks the first results under new CEO Philipp Navratil, who aims to boost real internal growth and cost savings. The company plans to reduce headcount as it seeks to reignite sales and improve performance.
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News and Media
Flawed engineering and insufficient testing by OceanGate led to the catastrophic implosion of the Titan submersible during its 2023 Titanic expedition. The NTSB report highlighted multiple anomalies in the carbon fiber pressure vessel, which failed to meet strength requirements due to inadequate testing and flawed real-time data analysis. This preventable tragedy claimed the lives of all five passengers.
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News and Media
Fund manager Rajeev Thakkar advocates for simplicity and focus in volatile markets, advising investors to "do nothing when there is nothing to do." He emphasizes valuation discipline over global events for maintaining cash reserves. Thakkar also highlights banking as an underappreciated sector with high entry barriers, offering attractive opportunities.
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News and Media
India has increased the base import prices for gold, silver, and all vegetable oils to align with escalating global market rates. This bi-fortnightly revision impacts tax calculations for importers, with gold now at $1327 per 10 grams and silver at $1663 per kg.
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News and Media
Nitin Bhasin of Ambit Capital highlights the growing consumption power in India's Tier-2 and Tier-3 cities, driven by rising rural incomes and digital penetration. GST cuts are boosting festive sales, particularly in autos and FMCG, with e-commerce volumes soaring in smaller urban centers.
Category:
News and Media
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