NESTLE CEO PHILIPP NAVRATIL
India vs Australia First ODI Live Streaming: How to Watch Opening One-Dayer in Australia - Preview, Start Time, Squads and More
Young captain Shubman Gill leads India against Australia in a three-match ODI series. The first match begins in Perth on October 19. Rohit Sharma and Virat Kohli return to the squad. Mitchell Marsh captains Australia. Cameron Green is out injured. Marnus Labuschagne replaces Green. The series concludes on October 25.
Nestlé layoffs 2025: 16,000 jobs to be cut, including 12,000 white-collar roles — Here're the departments impacted
Nestle layoffs 2025: Food and beverage giant Nestlé is cutting 16,000 jobs globally over two years to boost efficiency and profitability. This restructuring aims to redirect investment towards strong brands like coffee and confectionery, as the company navigates slowing growth and rising costs. Nestlé expects these layoffs to save approximately 1 billion Swiss francs annually.
In China, global companies struggle as home-grown brands steal thunder
Global giants are grappling with the complexities of the Chinese market. Economic downturns and tepid consumer spending are compelling brands like BMW and IKEA to innovate and rethink their strategies. As local competitors swiftly rise, claiming significant portions of the market, the landscape is becoming increasingly competitive.
India Australia predicted lineup for 1st ODI in Perth, likely stars, and key predictions
India Vs Australia 1st ODI Prediciton: India and Australia commence their ODI series in Perth on October 19, with India facing new leadership and Australia defending a strong home record. The match is crucial for early momentum, featuring a predicted Indian XI with Shubman Gill captaining and a pace-friendly track expected.
Indian stock indices surge 1% as investors anticipate US-India trade truce
Indian stock markets saw a significant rise on Thursday. Both Nifty and Sensex climbed 1 percent. Overseas investors slowed their selling. Domestic investors bought shares. Positive second-quarter earnings and hopes for a US-India trade deal boosted sentiment. Auto and FMCG sectors performed well. Analysts predict further gains if trade talks progress.
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Nestle India profit falls 24%, but posts highest-ever sales
In the latest financial quarter, Nestle India reported an impressive 11% rise in revenue, totaling ₹5,644 crore, driven by robust sales across diverse product lines. Despite this positive momentum, the company's profits took a hit, declining by 24% as production costs for cocoa and milk surged.
Phishing attack hits Zerodha’s Nithin Kamath, ‘one slip of the mind’ is all it took
Zerodha CEO Nithin Kamath's personal Twitter account was compromised via a phishing attack, highlighting a single lapse in judgment. Despite two-factor authentication, attackers accessed one login session, posting scam crypto links. Kamath emphasized that human factors, not just technical measures, are crucial for cybersecurity, advocating for holistic approaches.
Nestle India shares jump 5% as firm records double-digit sales growth; net profit falls 24% YoY
Nestlé India's shares surged 5% after the company reported double-digit growth in total and domestic sales for Q2FY26, reaching Rs 1,281. Despite a profit decline, strong volume-driven sales and international expansion, including new product launches, boosted investor confidence. The company also anticipates positive impacts from recent GST rate amendments.
Nifty targeting 25,800 amid strong Q2 numbers; SBI, Shriram Finance among top picks
Markets traded optimistically on BSE expiry day, buoyed by strong quarterly results and key stock performances. Nifty found support, with analysts suggesting a 'buy on dips' strategy targeting 25,800. Banking stocks, particularly PSU banks like SBI, are expected to lead the rally, with Shriram Finance also highlighted for potential gains.
European stocks inch up after mixed earnings
Today, European stocks experienced a modest uptick as investors sift through a mixed bag of corporate earnings. This rebound follows recent anxieties over trade tariffs. The earnings season has opened on a positive note, with Nestle showing remarkable sales growth. In contrast, Pernod Ricard and Whitbread have faced declines in their sales figures.
Nestle India Q2 Results: Cons PAT declines 17% YoY to Rs 743 crore, but revenue rises 11%
Nestle India Q2 Results: Nestle India announced its Q2 FY26 financial results. The company's profit after tax saw a decline of 23.6% year-on-year. However, revenue from operations increased by 10.6%. Domestic sales reached a record high, driven by strong volume growth across key product categories. The company highlighted positive performance in e-commerce and export segments.
Nestle to axe 16,000 jobs as new CEO targets sales growth
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.
Nestle Q2 Preview: Profit to mark subdued growth as inflation weighs on margins
Nestle India anticipates a subdued September quarter. Trade destocking following GST rate cuts and higher raw material costs will likely impact profits. Sales are projected to see modest growth. However, analysts expect a demand revival from the next quarter as inventories are replenished. Nestle's long-term prospects remain strong with a focus on premium products and innovation.
Stocks in news: Axis Bank, Infosys, Wipro, Hyundai, RBL Bank, Angel One, Jio Financial
Indian markets saw a strong rebound, driven by positive trade news and a stronger rupee. Several major companies including Axis Bank, Infosys, and Hyundai are in the spotlight today. Investors are watching for second-quarter results from IT giants Infosys and Wipro. Hyundai announced a significant investment in India. RBL Bank will consider fundraising. Angel One reported a profit decline.
Amisfield Queenstown, New Zealand
Amisfield, perched in the picturesque Queenstown of New Zealand, has captured the attention of food enthusiasts globally. Known for its unwavering dedication to fresh, local produce and eco-friendly practices, the restaurant features the creative genius of head chef Vaughan Mabee.
Meet Joel Mokyr, Philippe Aghion and Peter Howitt — winners of the 2025 Nobel Prize in Economics
The 2025 Nobel Prize in Economic Sciences recognised innovation as the driver of sustained economic growth. Joel Mokyr identified the necessary social and intellectual conditions for technological progress, while Philippe Aghion and Peter Howitt formalized the theory of creative destruction, explaining how new innovations replace old ones to fuel economies.
Nobel economist warns of AI dangers
A winner of this year's Nobel prize in economics warned Monday that artificial intelligence offers "amazing possibilities" but should be regulated because of its job-destroying potential. And it also obviously has an amazing potential for destroying other jobs or replacing highly skilled labor.
Australia's Josh Inglis, Adam Zampa to miss opening ODI against India on Sunday
Australia's Josh Inglis and Adam Zampa will miss the first ODI against India due to injury and family reasons, respectively. Josh Philippe steps in as wicketkeeper, while Matthew Kuhnemann could debut as spinner. Mitchell Starc and Mitchell Marsh will lead the pace attack and captaincy.
Julius Baer faces credit losses from insolvent Degag Group, report says
Swiss bank Julius Baer is facing substantial credit losses. This follows financing for real estate projects connected to Germany's now-insolvent Degag Group. The bank has filed claims for 48 million euros. This amount surpasses its 2023 profit in Germany. The situation is a setback for Julius Baer, which previously reported losses on loans to the collapsed property company Signa.
Nobel Prize in Economics 2025 awarded to Joel Mokyr, Philippe Aghion and Peter Howitt
The were honoured, according to a Nobel committee statement, “for having explained innovation-driven economic growth” with one half to Mokyr “for having identified the prerequisites for sustained growth through technological progress” and the other half jointly to Aghion and Howitt “for the theory of sustained growth through creative destruction.”
Anthropic CEO Dario Amodei meets PM Modi; discusses AI firm's India expansion plans
Anthropic CEO Dario Amodei met with Indian Prime Minister Narendra Modi, underscoring the company’s commitment to growing its Indian team and contributing to the nation’s AI ecosystem. The AI startup plans to open its first India office next year to tap into rising demand for AI technologies.
Nestle quits global alliance on reducing dairy methane emissions
Food giant Nestle has withdrawn from the Dairy Methane Action Alliance, a global initiative aimed at reducing methane emissions from dairy farming. Despite leaving the alliance, Nestle stated it remains committed to its net-zero targets and will continue working to cut greenhouse gas emissions across its supply chains.
Ex-French PM and Macron’s former ally urges him to quit
The intervention by Edouard Philippe, Macron's longest-serving prime minister from 2017 to 2020 who now heads an allied political party, came as frustration grew even within the president's own camp over the biggest domestic political crisis of his eight years in office.
Aditya Birla Lifestyle shares surge 11% on Rs 950 crore block deal; Flipkart likely seller
Aditya Birla Lifestyle shares: The stock surged after a major block deal of over 7 crore shares (5.93% equity) took place. Flipkart Investments is reported to be the seller, with the deal executed at Rs 130 per share, totaling over Rs 900 crore. The transaction, attracting multiple institutional investors, highlights sustained interest in India’s premium lifestyle and apparel sector.
Nightmare at Nestlé: The world's biggest food company faces a reckoning
Nestlé, the global food giant, is undergoing significant changes. New CEO Philipp Navratil is tasked with reviving the company's performance. This follows leadership turmoil and a scandal involving the former CEO. Chairman Paul Bulcke has also retired earlier than planned. The company grapples with falling share prices and strategic missteps.
Nestle investors seek more rapid change after chairman's early exit
Nestle's chairman Paul Bulcke's early exit, coupled with a recent CEO change, signals a potential shake-up as investors push for faster growth and efficiency. Pablo Isla's early leadership is expected to accelerate efforts to boost sales and address underperforming businesses. Analysts anticipate a portfolio review and aggressive cost-saving measures to revitalize the company's performance.
Nestle's new CEO faces full plate of problems
Nestle abruptly appointed Philipp Navratil as CEO, succeeding Laurent Freixe, who was dismissed for violating the company's code of conduct. Navratil, a Nestle veteran, faces the challenge of reversing a share price decline and boosting sales amid economic headwinds. Investors are watching to see if he can bring stability and fresh ideas to the company.
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