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Nestle India net profit jumps 45 pc to Rs 998 cr in Dec qtr
devdiscourse14d ago

Nestle India net profit jumps 45 pc to Rs 998 cr in Dec qtr

FMCG major Nestle India on Friday reported a 4512 per cent rise in consolidated net profit to Rs 99842 crore for the third quarter ended December 2025 on the back of a nearly five-year high volume growth driving its highest-ever quarterly revenue The company had posted a consolidated net profit of Rs 68801 crore in the corresponding October-December period last fiscal Nestle India said in a regulatory filing Its sales surged 185 per cent to Rs 56435 crore in the December quarter It was 476213 crore in the corresponding quarter of the last fiscal Nestle India saw robust broad-based volume-led sales growth of 185 per cent resulting in our highest-ever quarterly turnover of Rs 56435 crore and the strongest volume growth in nearly five years its Chairman and Managing Director Manish Tiwary said Nestle Indias consolidated revenue from operations in the third quarter rose 856 per cent to Rs 566704 crore against Rs 477973 crore in the year-ago period This is led by strategic investments in increasing capacity and building our brands supported by a market recovery following GST benefits During the quarter we increased consumer-focused media and advertising spending by 42 per cent year-on-year and the EBITDA margin stood at 213 per cent he said Total expenses of Nestle India which owns popular brands like Maggi Nescaffe and Kit Kat jumped 2086 per cent to Rs 466763 crore in the quarter under review Its domestic sales climbed 1832 per cent to Rs 54026 crore in the December quarter of FY26 It was Rs 456605 crore in the corresponding period of the previous fiscal The growth trajectory is backed by faster and sharper decision-making supplemented by the positive momentum from GST rate rationalisation 2025 marked a landmark year for Nestle India with the highest absolute and percentage reach gain achieved in a single year barring the exceptional COVID period This performance was led by strong expansion in rural markets while urban performance was also best-in-class compared to peers said Nestle India which earlier followed January-December as its financial year During the quarter e-commerce especially quick commerce saw accelerated momentum While organised trade continued its strong broad-based growth across categories led by festive activations and new product launch scale-up said Nestle India Nestle Indias revenue from exports increased 2286 per cent to Rs 24092 crore Double-digit growth in the export was driven by strong demand across product groups Coffee continued to perform well Expanded product portfolio in Thailand and Papua New Guinea by introducing new SKUs of Munch wafer chocolates In B2B added new customers for Instant Tea further enhancing market presence In the segment of Prepared Dishes and Cooking Aids Maggi Noodles delivered a double-digit volume growth In the milk products and nutrition segment Milkamaid continued its strong growth momentum Everyday also showed recovery in key geographies while its toddler milk products performed well and reported market share gains In confectionery Kitkat witnessed high double-digit volume growth especially in rural areas Munch maintained its momentum with double-digit volume growth In powdered and liquid beverages Nescafe Classic Nescafe Sunrise and Nescafe Gold continued strong performances Over the commodity outlook Nestle India said milk prices have not softened despite the flush season driven by robust demand Edible oil prices remain elevated and are expected to trade sideways in the first half of 2026 it said adding that the upcoming wheat harvest in April 2026 looks promising Coffee prices have stabilised at lower levels than last year due to favourable crop yields in both Vietnam and India Meanwhile in a separate filing Nestle India said its board has approved an interim dividend of Rs 7 per equity share of the face value of Re 1 each for the financial year 2025-26 Shares of Nestle India settled at Rs 133145 apiece up 339 per cent at BSE

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techrepublic14d ago

Comcast to Pay $117M in Security Breach Settlement

The breach was linked to a vulnerability known as “CitrixBleed,” a flaw affecting Citrix NetScaler Application Delivery Controller and Gateway appliances.The post Comcast to Pay $117M in Security Breach Settlement appeared first on TechRepublic.

#TECH
Southern Africa Floods That Killed 300 Fueled by Global Warming
insurancejournal14d ago

Southern Africa Floods That Killed 300 Fueled by Global Warming

An estimated 300 people have died in extreme flooding across parts of southern Africa, including a one-in-50-year event that researchers said was worsened by climate change. Nearly 800,000 people have been affected by the severe rains that started in December, ...

#ECONOMY
Samsung’s Galaxy S26 Ultra: The Ultimate Display Game-Changer
geeky_gadgets14d ago

Samsung’s Galaxy S26 Ultra: The Ultimate Display Game-Changer

Samsung is expected to launch the Galaxy S26 Ultra and the S26 range next month. The handsets will showcase a series of advancements that push the boundaries of smartphone display technology. From innovative privacy features to unparalleled color precision and durability, the S26 Ultra is designed to deliver a premium user experience. This flagship device [...]The post Samsung’s Galaxy S26 Ultra: The Ultimate Display Game-Changer appeared first on Geeky Gadgets.

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The best budgeting apps for 2026
engadget14d ago

The best budgeting apps for 2026

Managing your finances doesn’t have to be a headache — especially with the right budgeting app at your fingertips. Whether you’re trying to track everyday spending, save for a big purchase or just keep a closer eye on your subscriptions, there’s an app that can help. With Mint shutting down, plenty of users have been looking for the best budget apps to replace it, and luckily there are plenty of solid alternatives.From AI-powered spending trackers to apps that break down your expenses into easy-to-follow categories, the best budgeting tools help you take control of your money without the hassle of spreadsheets. Some focus on automating savings, while others give you a deep dive into your finances with powerful analytics and custom reporting. If you’re still searching for the right Mint alternative, check out our guide to the best budgeting apps to replace Mint to find the best fit for your needs.If you’re not sure where to start, we’ve rounded up the top budgeting apps to help you track spending, save smarter, and stick to your financial goals. Best budget apps of 2026 Other budgeting apps we tested PocketGuard PocketGuard used to be a solid free budget tracker, but the company has since limited its “free” version to just a free seven-day trial. Now, you’ll have to choose between two plans once the trial is over: a $13 monthly plan or a $75 annual plan. When I first tested it, I found it to be more restricted than NerdWallet, but still a decent option. The main overview screen shows you your net worth, total assets and debts; net income and total spending for the month; upcoming bills; a handy reminder of when your next paycheck lands; any debt payoff plan you have; and any goals. Like some other apps, including Quicken Simplifi, PocketGuard promotes an “after bills” approach, where you enter all of your recurring bills, and then PocketGuard shows you what’s left, and that’s what you’re supposed to be budgeting: your disposable income. Although PocketGuard’s UI is easy enough to understand, it lacks polish. The “accounts” tab is a little busy, and doesn’t show totals for categories like cash or investments. Seemingly small details like weirdly phrased or punctuated copy occasionally make the app feel janky. More than once, it prompted me to update the app when no updates were available. The web version, meanwhile, feels like the mobile app blown up to a larger format and doesn’t take advantage of the extra screen real estate. Ultimately, now that the free tier is gone, it just doesn’t present the same value proposition as it once did. How we test budgeting apps Before I dove in and started testing out budgeting apps, I had to do some research. To find a list of apps to try out, I consulted trusty ol’ Google (and even trustier Reddit); read reviews of popular apps on the App Store; and also asked friends and colleagues what budget tracking apps (or other budgeting methods) they might be using for money management. Some of the apps I found were free and these, of course, show loads of ads (excuse me, “offers”) to stay in business. But most of the available apps require paid subscriptions, with prices typically topping out around $100 a year, or $15 a month. (Spoiler: My top pick is cheaper than that.) All of the services I chose to test needed to do several things: import all of your account data into one place; offer budgeting tools; and track your spending, net worth and credit score. Except where noted, all of these apps are available for iOS, Android and on the web. Once I had my shortlist of six apps, I got to work setting them up. For the sake of thoroughly testing these apps, I made a point of adding every account to every budgeting app, no matter how small or immaterial the balance. What ensued was a veritable Groundhog Day of two-factor authentication. Just hours of entering passwords and one-time passcodes, for the same banks half a dozen times over. Hopefully, you only have to do this once. Budgeting app FAQs What is Plaid and how does it work? Each of the apps I tested uses the same underlying network, called Plaid, to pull in financial data, so it’s worth explaining what it is and how it works. Plaid was founded as a fintech startup in 2013 and is today the industry standard in connecting banks with third-party apps. Plaid works with over 12,000 financial institutions across the US, Canada and Europe. Additionally, more than 8,000 third-party apps and services rely on Plaid, the company claims. To be clear, you don’t need a dedicated Plaid app to use it; the technology is baked into a wide array of apps, including all of the budgeting apps listed in this guide. Once you find the “add an account” option in whichever one you’re using, you’ll see a menu of commonly used banks. There’s also a search field you can use to look yours up directly. Once you find yours, you’ll be prompted to enter your login credentials. If you have two-factor authentication set up, you’ll need to enter a one-time passcode as well. As the middleman, Plaid is a passthrough for information that may include your account balances, transaction history, account type and routing or account number. Plaid uses encryption, and says it has a policy of not selling or renting customer data to other companies. However, I would not be doing my job if I didn’t note that in 2022 Plaid was forced to pay $58 million to consumers in a class action suit for collecting “more financial data than was needed.” As part of the settlement, Plaid was compelled to change some of its business practices. In a statement provided to Engadget, a Plaid spokesperson said the company continues to deny the allegations underpinning the lawsuit and that “the crux of the non-financial terms in the settlement are focused on us accelerating workstreams already underway related to giving people more transparency into Plaid’s role in connecting their accounts, and ensuring that our workstreams around data minimization remain on track.” Why did Mint shut down? When parent company Intuit announced in December 2023 that it would shut down Mint, it did not provide a reason why it made the decision to do so. It did say that Mint's millions of users would be funneled over to its other finance app, Credit Karma. "Credit Karma is thrilled to invite all Minters to continue their financial journey on Credit Karma, where they will have access to Credit Karma’s suite of features, products, tools and services, including some of Mint’s most popular features," Mint wrote on its product blog. In our testing, we found that Credit Karma isn't an exact replacement for Mint — so if you're still looking for a Mint alternative, you have some decent options. What about Rocket Money? Rocket Money is another free financial app that tracks spending and supports things like balance alerts and account linking. If you pay for the premium tier, the service can also help you cancel unwanted subscriptions. We did not test it for this guide, but we'll consider it in future updates.This article originally appeared on Engadget at https://www.engadget.com/apps/best-budgeting-apps-120036303.html?src=rss

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Spain Q4 preliminary GDP +0.8% vs +0.6% q/q expected
forexlive14d ago

Spain Q4 preliminary GDP +0.8% vs +0.6% q/q expected

Prior +0.6%As has been the case for quite some time now, Spain continues to be one of the bright spots in the euro area economy. Quarterly growth outperformed estimates at the end of last year, reaffirming more robust growth overall. As a whole, Spain's full year 2025 GDP is seen growing by 2.8% based on the initial reading. Solid stuff.The only downside now is that inflation is still on the higher side but at least it is being accompanied by a stronger economic showing. That unlike *coughs* Germany *coughs*, which remains the biggest problem for the ECB to solve. This article was written by Justin Low at investinglive.com.

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Maruti Suzuki onboards 5 early-stage startups to create tech solutions
economictimes_indiatimes14d ago

Maruti Suzuki onboards 5 early-stage startups to create tech solutions

Maruti Suzuki India has partnered with five early-stage startups. These collaborations aim to develop new technology solutions across various business functions. The initiative focuses on enhancing operational efficiency, improving manufacturing precision, and strengthening workplace safety.

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