Marico business update: Takeaways for consumer sentiment stay bleak

Marico’s business update does not paint an optimistic picture for the FMCG sector. In its Q2 FY20 update, the company said consumption demand has weakened progressively during the quarter. Further, liquidity issues remain challenging for partners in the distribution channel. We believe that this sets up a sombre context for the upcoming result season where market […]

Toshiba Casts Doubt on Its Ability to Stay in Business

One of the better-known suitors for Toshiba’s chip unit is Hon Hai Precision Industry, also known as Foxconn.CreditKim Kyung Hoon/Reuters Toshiba, a stalwart in Japan’s postwar rise as a global industrial giant, warned on Tuesday that its disastrous foray into nuclear power had left substantial doubt over whether it could stay in business in its […]

facebook Takes on Twitch, YouTube With ‘stay’ In-game Streaming

HIGHLIGHTS people will use fb to log in to snowstorm amusement video games. The collaboration will add social features to snowstorm games. The circulate will let sport lovers broadcast play in real time. facebook on Monday announced that it is entering into the e-sports recreation, leaping into the sphereof video video games as spectator sports […]

SBI profitability may stay under pressure for 6-8 quarters: Moody’s

Global ratings agency Moody’s said on Wednesday State Bank of India (SBI)’s profitability metrics could face lingering pressure as it spends the next six-eight quarters for rebuilding its balance sheet buffers. In contrast, SBI’s private sector counterpart ICICI Bank had seen significant improvement in operating profitability which would allow it to absorb a higher level […]