Regional and hyperlocal food and beverage brands are increasingly partnering with quick commerce platforms like Blinkit, Zepto, Swiggy Instamart, and BigBasket's BBNow to expand their reach nationwide and capitalize on the festive season's demand surge. Brands such as Sweet Karam Coffee and Let's Try are leveraging these platforms to overcome geographical limitations and make local flavors accessible across India. Quick commerce firms are attracted to these smaller brands due to higher profit margins compared to large... Читать дальше...
Separately, a set of amendments to the Insolvency and Bankruptcy Code (IBC) is being considered to fix any shortcomings in the law. "These reforms are aimed at expeditious loan recoveries, giving more legal backing to recovery tribunals, and addressing delay tactics by borrowers in the recovery process," said a government official aware of the developments.
The FMCG stock initially surged to a new high but encountered resistance around 1250-1260, leading to a period of consolidation that formed a 'cup' pattern on the chart. Currently, the stock is showing signs of recovery, bouncing off its 40-day moving average. Technical analysts suggest that a decisive breakout above the 1,254-1,260 resistance zone could trigger a significant upward move, potentially pushing the stock towards the 1300 level in the coming months.
S&P 500, Dow Jones Industrial Average, Nasdaq have gained as the US stock market is riding high.
Wednesday season 2 release date on Netflix has become a topic of curiosity.
