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2025 is India’s year, expect it to be in top-5 markets for us: Nivea maker, Beiersdorf AG CEO
Beiersdorf, the German personal care giant behind Nivea, sees 2025 as a pivotal year for its growth in the Indian market. In an exclusive interview with CNBC-TV18, Beiersdorf AG CEO Vincent Warnery shared that the company aims to make India one of its top five markets, targeting a business of 500 million euros in the coming years.
“Indian consumers have moved from a market focused on cold creams and face care creams to more sophisticated offerings. They’re now talking about serums, ingredients, and efficacy, and we’re surfing on this wave,” Warnery said. Currently, India contributes to 1-2% of Beiersdorf’s total sales.
Kalyan Jewellers shares snap a two-day gaining streak; check consensus upside potential
Shares of Kalyan Jewellers India Ltd. are declining on Thursday, February 6, snapping a two-day gaining streak.
On February 4, the company informed the exchanges that one of the company’s promoters, TS Kalyanaraman has unpledged the equity shares of Kalyan Jewellers India held by him, given in favour of HSBC Invest Direct Financial Services (India) Ltd.” He has created a pledge on the same number of shares in favour of catalyst trusteeship Ltd. on the same day, that is February 3, 2025,” the filing said. This means that no new pledge on equity shares was created.
Swiggy shares get a price target cut post Q3 results while some analysts prefer Zomato
Brokerage firm Bernstein has cut its price target on food delivery aggregator Swiggy Ltd. to ₹575 from ₹635 earlier, although it has maintained its “outperform” rating on the stock post its December quarter results.
Swiggy reported its December quarter results after market hours on Wednesday, February 5, with the net loss widening from last year, while EBITDA loss also widened. Revenue for the Quick Commerce business more than doubled from last year, but the unit remained loss making. Bernstein said that the Quick Commerce segment was impacted by the hyper competitive environment, leading to higher marketing costs and a pull forward of dark store costs. It said that the food delivery growth was better than Zomato, resulting in further market share gains.
Rupee falls 14 paise to hit record low of 87.57 against US dollar in early trade
The rupee depreciated 14 paise to hit record low of 87.57 against the US dollar in early trade on Thursday weighed down by anticipation of an RBI rate cut and weak economic data.
Forex traders said the Indian rupee opened on a weak note and made a fresh record low of 87.57 as market participants anticipated that the Reserve Bank of India (RBI) may slash interest rates on February 7, 2025.Moreover, the rupee continued to face pressure due to sustained foreign fund outflows and a negative trend in domestic equities amid weak risk appetite, they added. At the interbank foreign exchange, the rupee opened at 87.54 and slipped further to all-time low of 87.57 against the greenback in initial deals, a fall of 14 paise from its previous close.
#Techtalks
South Korea blocks access to DeepSeek from government devices
South Korea has blocked access to DeepSeek AI services from government devices, joining a list of companies and countries taking action to limit usage of the Chinese startup’s artificial intelligence chatbot due to security concerns.
South Korea’s defence, foreign and trade ministries have restricted officials’ access to the service on government computers, Yonhap News reported, citing multiple sources it did not identify. The defense ministry told Bloomberg News on Thursday that it has taken “necessary preemptive measures” on computers used at work due to security and technical concerns over generative AI services.
The magic of instant photography gets an upgrade with FUJIFILM’s Wide Evo
FUJIFILM India has launched the Wide Evo, a new instant camera that blends nostalgia with cutting-edge technology, appealing to both retro enthusiasts and digitally savvy creators. The Wide Evo effortlessly combines the joy of instant prints with modern features, offering an unforgettable photography experience.
Instant film photography has traditionally been about capturing unfiltered, raw moments — an authentic, tangible experience that digital photos cannot replicate. However, with the introduction of digital filters and an app, some may wonder whether the Wide Evo is moving away from the core essence of instant photography.
#DailyData
Daily Data: India’s mobile growth story
#PersonalFinance
How to enhance monthly contributions to an NPS account
The National Pension System or NPS is a government-sponsored retirement savings scheme that allows individuals to save consistently and build a substantial retirement fund over time.
The NPS was launched in 2004 for government employees but later extended to all citizens in 2009. The scheme is regulated and managed by the Pension Fund Regulatory and Development Authority, as per the PFRDA Act 2013.The NPS scheme is available to all Indian citizens between 18 and 70. It allows for flexibility in investment amounts and timing based on financial goals and risk tolerance. An individual can select or adjust their Point of Presence (POP), investing strategy and fund manager to maximise returns.
How frequently should you review your mutual fund portfolio? A guide for investors
The mutual fund market offers a wide array of investment options, but regular monitoring is essential to ensure your portfolio remains aligned with your financial goals. Reviewing mutual fund performance helps investors track returns, manage risk, and adapt to changing financial circumstances.
Why regular reviews matter?
Periodic assessments of mutual fund investments provide several advantages:
- Performance evaluation: Tracking fund returns helps determine whether investments meet expectations and align with their stated objectives.
- Risk management: Identifying underperforming funds early allows for corrective actions, such as rebalancing or switching investments.
- Investment discipline: Regular reviews encourage a disciplined approach, keeping investors focused on long-term goals.
- Adapting to changing needs: As financial goals evolve, reviewing portfolios ensures investments remain suitable for an investor’s risk tolerance and objectives.
#WorldNews
US top diplomat Marco Rubio will not attend G20 meeting in South Africa
US Secretary of State Marco Rubio will not attend an upcoming G20 meeting in South Africa, the top U.S. diplomat said on Wednesday, days after President Donald Trump threatened to cut off funding to the African country.
South Africa will host a meeting of foreign ministers of the G20 group of countries from February 20-21 in Johannesburg. South Africa has the G20 presidency from December 2024 to November 2025.
Why it’s important
Trump said on Sunday, without citing evidence, that “South Africa is confiscating land” and “certain classes of people” were being treated “very badly”. He said he would cut funding until the matter was investigated. President Cyril Ramaphosa defended South Africa’s land policy after Trump’s threat, saying the government had not confiscated any land and the policy was aimed at ensuring equitable public access to land.
China files at WTO over Trump’s 10% tariffs, calling for talks
China sought talks with the US at the World Trade Organization after President Donald Trump cited a national emergency and imposed 10% tariffs on all Chinese imports.
As promised earlier this week, Beijing filed for dispute consultation discussions at the Geneva-based trade body. The document circulated Wednesday said the US’s moves targeting China’s products were “imposed on the basis of unfounded and false allegations.”“The measures at issue not only violate WTO rules, but are discriminatory and protectionist in nature,” the statement said.
We’ll see you tomorrow with another 11:11
